Follow LA Observed on Twitter here
Brian Tierney, the Philadephia PR/advertising guy who last year bought the Philadelphia Inquirer and the Philadelphia Daily News, wants to take a look at DJ, saying that he didn't think Rupert Murdoch's $5 billion, $60-a-share offer was excessive. Keep in mind that Tierney made big-time cutbacks at both Philly papers and introduced some questionable revenue-generating efforts, such having a local bank sponsor a business column. Yesterday, L.A. billionaire Ron Burkle agreed to work with the DJ union on alternatives to the Murdoch (News Corp.) offer. It's hard to imagine either of these fellas being able to climb over a guy like Murdoch (he'd probably offer $100 a share just to avoid being one-upped), but still it'll be fun watching from the stands. Philadelphia Inquirer
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.