September 18, 2006
Geffen Makes An Offer for LATimesDavid Geffen (the G in Dreamworks SKG, S being Steven Spielberg and K being former Disney alum Jeffrey Katzenberg) made an offer of a cool $2 billion cash for the LATimes.
Other rumored potential buyers: billionaire builder Eli Broad and supermarket magnate Ron Burkle.
Tribune hasn't done the LATimes and its readers any favors since buying it from the Chandler family. Its continuous cost cutting hurts the paper's reputation and quality; even the LATimes editor Dean Baquet and publisher Jeffrey Johnson had enough.
Not sure I favor one or the other of these three potential buyers, although Geffen's offer seems the most serious. At this point, all I care about is getting Tribune Company's greasy hands off my city's paper, getting it out of the middle of a Chandlers/Tribune feud and returning its control to local interests who care enough to see the paper thrive and become a serious player in the national stage once more.
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Wonky Muse is the other Filipino American female political blogger. The sane, liberal one.
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