yank investments by the city’s three pension funds in the Tribune Co., which owns the Times, if the company opts to sell the paper to someone who does not uphold “the highest terms of professional and objective journalism.”Hellooo?... the reason LA Times has to be sold is because it's CRAP.
They like their crap just the way it is. The city is uncomfortable because the new LA Times will be very interested in covering all the crap going on in the city.