Orange County Register reporter Mary Ann Milbourn didn’t have to go very far to talk to the potential LA Times suitor who has been most explicitly vocal about their interest in the property. That’s because it’s her boss – Aaron Kushner (pictured):
“We do think of the Los Angeles Times as an incredibly important institution,” Kushner said. “We would be honored to acquire the Los Angeles Times if they successfully are able to come out of bankruptcy.”
He said the other Tribune newspapers play a similarly important role in their communities and are the kinds of media properties that interest his investment group. Kushner has hired Morgan Stanley as a financial adviser to help with his acquisition plans. The publisher, however, declined to say where funding would come from for a Tribune purchase.
Milbourn notes that Kushner/Freedom Communications and-or Doug Manchester, owner of U-T San Diego, could run into some anti-trust objections if they pursue their next-door paper. Also of interest is the view among media experts that initially, Tribune will not section off its various media assets but offer and sell them all together. Read her full piece here.
[Photo, used with permission: Paul Bersebach, Orange County Register]
Previously on FishbowlLA:
Tribune Co. Set to Receive Critical FCC Waivers