Kevin Roderick just broke another story regarding an offer to purchase the entire Tribune Empire.
Details about the offer and the price that the duo would be willing to pay remained unclear, but the Los Angeles-based businessmen have said for months that they wanted a local group to take control of The Times.
"Affiliates of the Broad Investment Company and [Burkle's] Yucaipa Companies have submitted a competitive bid for acquisition of the entire Tribune company," a source familiar with the offer said.
Broad declined to comment, and Burkle could not be reached.
LAObserved article here.
Los Angeles Times article here.
Wednesday, November 08, 2006
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