Who Will Buy the Los Angeles Times?
Posted: 2/28/2013 | By: Hillel Aron | LAWeekly
It was late 2006, and Los Angeles Times managing editor Leo Wolinsky had been summoned to the home of entertainment mogul David Geffen. A billionaire five times over, Geffen was interested in buying the newspaper Wolinsky edited. Very interested. His opening bid, as the Times itself would later report: $2 billion. Cash.