LAT

Working late in Chicago

In a live story posted at 12:29 1:26 am Midwest time, the Chicago Tribune's website says the board of the parent Tribune company was busily negotiating a $13 billion deal with Sam Zell in hopes of closing the sale of the company "before markets open Monday morning." A final sales price and other details remained to be worked out — "the situation was still fluid and sources cautioned that a deal might not be completed," the Tribune reporters said — but the Tribune board clearly prefers a future with Zell in charge over Los Angeles billionaires Eli Broad and Ron Burkle. The New York Times reported earlier tonight that Zell on Sunday raised his offer to more closely match what the West Coast interlopers had offered.


More by Kevin Roderick:
John Severson, 83, founder of Surfer magazine
LA Observed Notes: 60 Minutes, selling the Coliseum and more
Gil Cedillo, Nick Melvoin win LA runoffs*
LA Observed Notes: Baca goes down, LAX shuffle, media moves
LA Observed Notes: Big TV news, media moves, obits and more
Recent LAT stories on LA Observed:
LA Times editor gets all serious: 'How could truth become so devalued?'
'Why Trump Lies' is next part of LA Times series
LA Times reporters show the way
LA Times staff warned not to join women's marches
Read the LA Times response to Los Angeles Magazine's piece
LA Times hires new sheriff's beat reporter
LA Times says pro-internment letters should not have run
LA Magazine says editor Davan Maharaj is what's wrong with the LA Times*


 

LA Observed on Twitter