Two Los Angeles billionaires are said to have made a bid to purchase the Tribune Company, publisher of many newspapers including the LA Times.
Eli Broad, a philanthropist, and Ron Burkle, head of the investment firm Yucaipa Companies, submitted a "competitive bid" for the Chicago—based company, an unnamed source told the Los Angeles Times' James Rainey.
Broad declined to comment to the paper and Burkle could not be reached.
Burkle is a Friend of Bill in good standing. Between this investment in one of the nation's major newspapers and Clinton family friend and Hillary's campaign treasurer Alan Patricoff's investment in the Huffington Post, seems like Hillary is trying to get all the ducks in line for a run in 2008. Favorable press coverage by the LA Times and covering one part of the base by influencing the Huffington Post are smart tactics.
Ed Lasky 11 8 06