Long-rumored to be eyeing the LA Times, it seems Jared Paul Stern‘s buddy Ron Burkle has finally pulled the trigger on a bid for it all of it.
Via the LAT:
Billionaire philanthropist Eli Broad and prominent investor Ron Burkle submitted a bid today to buy Tribune Co. of Chicago, which owns the Los Angeles Times, KTLA Channel 5 and the Chicago Cubs.
1. Did yesterday’s ousting of Dean Baquet as LA Times editor by the Tribune Co. grease the bid’s wheels?
2. Could this be Burkle’s plan to blow his entire fortune before Jared Paul Stern can get to it?