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Posts Tagged ‘Chandler’

Newspaper Company Likely to Blow Deadline/Murdoch Joins the Game

burklesway.jpgThe fate of the Los Angeles Times’ corporate parent, Tribune Co., is unclear. And it will remain that way as Trib is likely to blow its afternoon deadline for responding to a bid by two billionaires.

Ron Burkle and Eli Broad will likely be told to stay in the game, even though their offer won’t be formally accepted or rejected today, the LAT reports.

Meanwhile, Rupert Murdoch’s News Corp. agreed to take a minority stake in a bid by the Chandler family, the former owners of the LAT.

Under the deal, News Corp. would get an operating agreement allowing it to cut costs by combining certain noneditorial operations of Newsday with those of its own New York Post.

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LAT in 90 Seconds

broadstuff.jpgTribune Company Get Few Bids: The battle is now officially set between the Chandler family, which once owned the Los Angeles Times and other properties, and the billionaire alliance of Ron Burkle and Eli Broad. Only one other party, a private equity group submitted a bid, and that was just for the company’s broadcast properties.

snowday.jpgSnow in Malibu: People pull their SUVs over on Kanan Road to build mini snowmen and take in the surreal sight of snowflakes by the beach.

idoltuesday.jpgAmerican Idol rains on NBCs Parade: On the day that NBC was supposed to be pimping its mid-season lineup, most of the TV critic buzz centered on Idol’s jaw-dropping Tuesday premiere numbers.