Posted on 09/18/2005 2:44:38 PM PDT by 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
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http://news.bbc.co.uk/1/hi/special_report/1999/03/99/tom_brook/675711.stm
EXCERPT
The book, ("The Operator: David Geffen Builds, Buys and Sells The New Hollywood"), has also generated interest because it reveals Geffen's close relationship with President Clinton, who has turned to him for advice on handling the media.
King even reveals how Geffen, who is openly gay, once took a boyfriend, Todd Mulzet, to an Oval Office meeting where the president sought his counsel on spinning the media.
Geffen left the session grinning and turned to Mulzet and - according to the book - said "I did that for you", implying that he had given the president advice largely to impress his partner.
Charlie?
Talk about overpriced!
mr. geffen needs the tax write-off
he's still paying for the rapists tax hike
Actually Jon Peters was Bab's hair stylist.
KJ
Thanks for the correction! My eyes are decieving me these days. :)
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