Geffen reportedly eyeing L.A. Times

United Press International | September 18, 2005

[HAL9000]

LOS ANGELES (UPI) -- David Geffen has reportedly become the latest rich and powerful Los Angeles resident to consider buying the hometown newspaper, the Los Angeles Times.

The Times reports Geffen, who made a fortune in the music industry and is now a partner in DreamWorks SKG, has told three civic leaders recently how much he would like to own the paper.

Dennis J. Fitzsimons, chief executive of the Tribune Co., which owns the Times, said he and Geffen had a meeting this summer at Geffen's request and he told Geffen the paper is not for sale.

While the Times' circulation has been dropping, the paper remains profitable and would have a price of $3 billion -- if it was for sale.

Copyright 2005 by United Press International

[Prime Choice]

Meet the new boss...same as the old boss...

[rineaux]

$3 billion for fish wrapping paper. wow.

[BunnySlippers]

Amazing. And to think he used to be Barbra Streisand's hairdresser!

[Mike Darancette]

Going from worse to worser.

[Gay State Conservative]

Great idea,Dave...buy a major newspaper when that breed is
in its final,dying days.Are you motivated by the thought of turning its classified section into a great big "alternative dating" section?

[Plutarch]

Geffen probably wants The Times for the reporter hire and promotions casting couch.

[Mark]

David Geffen, 8 track music is coming back. Invest now!

[Mister Baredog]

He must have a lot of birdcages.

[edpc]

Newsroom must be full of young copy boys.

[Alter Kaker]

I think it would be fun to own a newspaper.

[Semper Paratus]

Geffen tried to arrest some Malibu beachgoers who had the nerve to suntan next to his property.

[FormerACLUmember]

And in other news, Geffens is considering investing in sailing rights for the Titanic.

[IronMan04]

While the Times' circulation has been dropping, the paper remains profitable and would have a price of $3 billion.

Just goes to show that there is no such thing as a Free Press.

[CreviceTool]

"I run a couple of newspapers. What do you do?" Charles Foster Kane (Citizen Kane, 1941)

[msnimje]

Does he think it is too RIGHT leaning?

[longtermmemmory]

It still runs in the black?

How?

Two sets of books?

[flashbunny]

I've got my eye on some buggy whip stocks!

[Navy Patriot]

I don't think the profits are that great, that's why Geffen is considering buying, he can get the Slimes cheap.

The current Rat owner is too stupid/stubborn to improve his product and rebuild circulation.

[Cate]

What does this guy look like? Isn't he the one that married Liza Minnelli and got beat up?