Two Billionaires Bid to Acquire Tribune

TWO BILLIONAIRES BID TO ACQUIRE TRIBUNE
[SOURCE: Associated Press, AUTHOR: Gary Gentile]
Billionaire businessman Eli Broad and supermarket magnate Ron Burkle have teamed up to submit a bid for the Tribune Company. Broad and Burkle had been expected to bid for the Los Angeles Times, the Tribune's largest property. The joint bid for the entire company came as a surprise. Broad and Burkle have long said they would be interested in returning the Times to local ownership. Tribune's holdings include 11 daily newspapers, 25 TV stations, the Chicago Cubs baseball team, Internet ventures and sizable stakes in the Food Network and the online classified advertising venture CareerBuilder. Along with the Times and the Chicago Tribune, the company owns Newsday in New York, The Baltimore Sun, South Florida Sun-Sentinel, Orlando Sentinel and The Hartford Courant. (And the Chicago Cubs!)
http://hosted.ap.org/dynamic/stories/T/TRIBUNE_OFFER?SITE=KPUA&SECTION=H...

* Billionaires Fight to Buy The Los Angeles Times
http://www.nytimes.com/2006/11/09/business/media/09paper.html?ref=business

* Two Billionaires Offer to Acquire the Tribune Company
http://www.nytimes.com/2006/11/09/business/media/09tribune.html

* Unlikely pair of bidders
http://www.latimes.com/business/printedition/la-fi-moguls9nov09,1,201480...