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Who Will Buy the Los Angeles Times?

Why do so many rich men want to buy it? And how did it get to this point anyway?

The next billionaires who buy the Times — or all eight papers — have this to consider. Not surprisingly, Bruce Karsh, the chief seller, won't betray even a hint about whether he and the board are looking for the highest bidder, or the bidder most committed to shepherding the paper into the future.

"When you're doing a deal, you don't advertise you're doing the deal," media strategist Mutter says. "The people who know, know. And they're the last ones to talk."

Reach the writer at hillelaron@mac.com.

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11 comments
obbopp
obbopp

Freedom of the press is a wondrous thing... for those able to afford the presses.


Never forget the power advertisers have over a paper's content.


And those with internal power offering the ability to make their ONE opinion/belief/cause to appear much more massive by crouching behind the name/banner of the paper.


The above can be witnessed when a newspaper has in it's op-ed page the oft-seen The Bee recommends.... then inserts candidate names or or statutes appearing on the ballot, etc.

Replace "Bee" with your local paper's name.

Seldom will the newspapers using that common tactic ever reveal who is behind the decision to make it appear an entire newspaper and those within stand behind the recommendations..

geevarez
geevarez like.author.displayName 1 Like

Just curious to know when the last time people making comments actually bought a newspaper? 

It cost money to this type of reporting, everyone wants but nobody wants to pay for it. Just saying....


LANative
LANative

This is a fascinating account of what happened at the Times. But I wish the idea that the paper's economic and readership declines were inevitable due to the sad state of newspapers and the terrible economy would die a well-deserved death.  If the series of inept owners had promoted their "product," instead of brutally slashing staff and tearing it down publicly (a la Sam Zell's idiotic comments), perhaps the Times could have weathered the severe economic downturn in the industry, as has the New York Times. (Which does have problems, I know.) Also, it should be pointed out more strongly that the greedy Fitz$imons and his cohorts wouldn't sell to Californians, but gladly gave away the store to the fellow Chicagoan troll Zell as part of their anti-West Coast temper tantrum. I've always wondered if/why that issue has never been addressed in court by the shareholders who lost a bundle in the deal. 

kargforcongress
kargforcongress

03/01/2013

Dear Citizens,

We just saw what happened to Bob Woodward [Gene Sperling--White House].

And in the past Lou Dobbs reported to us what was happening to the Newspapers in Texas [2005].

While time goes on the slide of hand moves.

There is little to no Freedom of the Press, even Sean Hannity knows this on Fox.

Karlheinz Halter knew this when the LA Times reported incorrectly about the LA Harbor College Student Newspaper--The Hawk [See the Federal District Case].

Even John Bogart, Daily Breeze, knew this...as he was dying of cancer [see his book].

Even our Congresswoman Harman, proud owner of Newsweek of a $1, can tell you how things will go.

But who is listening?

Sincerely,

Don Karg

Former Candidate in the 1992 Congressional Elections, 36th District








siteser
siteser

I know....how about Al Jezeera....their fair and balanced ! 

FormerlyDisgusted
FormerlyDisgusted

Great article but the LA Times has become nothing more than a delivery vehicle for Ad  inserts and "special publications" that have no Editorial content with mentioning.  I get home delivery and on Monday's if the winds are strong the paper gets blown away.  Sad ending to a once great paper. To far gone now to bring it back.  Go for a walk in the morning and see how few papers you see in Driveways.

4carnations
4carnations

Now if someone could tell us the gripping, nail-biting story behind the L.A. Daily News...if there are people who actually read the Daily News, that is...

OldNorseBruin
OldNorseBruin

NOW this kind of PANACHE in this article is what I want to see from the Los Angeles Times!!!  Very, very informative, lively, fascinating behind the scenes digging/reporting!  I only wish the LA WEEKLY would buy the LAT;  hopefully a TRUE CALIFORNIAN will buy the LAT.  PLEASE GOD IN HEAVEN do NOT let that goddamn GeeOhPee-DoucheBagg M.F.er MurCock get his slimey, paralytic, fetid fingers on the TIMES;  It would be better to LITERALLY burn the entire LAT Complex down!  DAMN, when the LAT was on the market years ago, GEFFEN would have been the terrific buyer/savior of that fascibating paper.  Otis Chandler made the LAT a world class SoCal  institution;   I still hold out hope that it will return to its lofty perch in the journalistic world!!!

 
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