LA Times publisher David Hiller was interviewed by Forbes and gave us some settling or unsettling news – depending on who you want to sign your checks:
Have the two of you discussed the possibility of seeking a buyer for the Times?
Sam has said he would like to keep the Times.
So the recent reports that Zell is negotiating a possible sale of the paper to David Geffen are erroneous?
You’d have to ask him.
And he was asked by the Chicago Tribune if he’s still has cash flow issues.
But Zell, when asked directly about Tribune’s liquidity, responded by saying he expects the company to be able to meet its payments.
Well, yeah that’s what you say to what you call ‘overhead‘.