One of our insiders at the LAT told us that he/she thinks the LAT is about to be sold again. “It’s been quiet. Too quiet.” So it’s lead the veteran newsperson to speculate that maybe is the calm before the…uhm…storm? Purchase? Bake sale?
Yeah, we haven’t heard much from Sam Zell in a while. Right? We haven’t heard anything from his profane bald head since the nitwit that endorsed “No Cussing Week” was up for re-election. We’re just saying.
Real estate magnate Sam Zell took Tribune private in an $8.2 billion deal in 2007 that loaded up the company with billions in debt. The company filed for bankruptcy protection last year.
The L.A. Times is expected to eventually be put up for sale again.
Broad, jokingly, said: “I’ve regained my sanity since then,” referring to his earlier interest. But turning more serious, he added: “I would like to see our foundation and others join together to own the LA Times.”
We already like him more than Zell.