Take Back the Times: Stock Analysts Show Contempt For LAT On Frontline

Take Back the Times: Stock Analysts Show Contempt For LAT On Frontline

When Los Angeles entrepreneur Eli Broad appeared on the program, he said that if he obtained ownership of the L.A. Times, he would be satisfied with a return on his investments of as little as 5 to 8% a year, as compared to the 20% that Tribune has been demanding.

This drew only contempt from Bobrinskoy, who observed that only a private owner, not a shareholder, would ever take such a position.

Greed -- not the public interest -- is the only salient characteristic of Wall Street. That came through clearly on the program.