It’s almost too good to be true. On the same day that Magic Johnson and his Guggenheim partners took official media ownership of the Dodgers in Chavez Ravine, the bankrupt paper a few miles down the 110 freeway has hinted at the possibility of its own three-comma savior group.
In an advance excerpt from an interview conducted to promote Eli Broad’s new book The Art of Being Unreasonable: Lessons in Unconventional Thinking, the billionaire philanthropist indicated he still has his eye on the LA Times:
Broad said in an interview that he would like to “partner with others … maybe foundations or wealthy families” to take control of the newspaper [out of bankruptcy]. He said he has spoken to others about such an arrangement, but declined to name them.
Five years ago, Broad articulated a similar desire to rescue the LA Times during a lecture at the 92nd Street YMCA in Manhattan.
[Photo of Broad, wife Edythe: s_bukley/Shutterstock.com]
Previously on FishbowlLA:
Is the LA Times Going to Be Bought Again Soon?
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