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Reuters is reporting tonight (Dec. 11) that U-T owner "Papa Doug" Manchester and Orange County Register owner Aaron Kushner are interested in buying Tribune Company's papers -- particularly the Los Angeles Times. Long-bankrupt Tribune Co., which owns the Times, Chicago Tribune and several other papers, will emerge from the tank December 31, sources told Reuters. Three financial firms that control the Tribune decided to sell off print businesses to focus on TV stations. Other media moguls such as Rupert Murdoch might be interested in Tribune Co. print assets. Kushner said he might be interested in some of the papers but talk is premature. Reuters was not able to reach Manchester or U-T chief executive John Lynch. However, Lynch previously said to a meeting of the Harvard Business School Club of San Diego that he and Manchester might be interested in buying Tribune Co. properties. At the time, media people assumed that Manchester/Lynch wanted the LA Times.

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Comments

Visduh Dec. 12, 2012 @ 9:28 a.m.

It would seem that the Tribune Co. would expect some substantial cash for the LAT, and would not be offering a fire sale deal, or one wrapped up with real estate. If so, does Manchester have access to a hundred million or two or three? And if he does, is that something he'd want to do with it? He knows real estate and development. He obviously knows little about running newspapers, and by now should be having second thoughts about the two that he owns and controls.

Since this whole story of he and Lynch and the UT and the NCT is a strange one, stranger episodes could be ahead, such as him taking over the LAT. What sad times for journalism.

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Don Bauder Dec. 12, 2012 @ 10:51 a.m.

Visduh: If Manchester takes over the Times, a lot of people in the LA area will be very unhappy. But I doubt if sentiment or professionalism will play a role in the purchase. Oaktree Capital, JPMorgan Chase, and Angelo, Gordon are the controlling Tribune owners. I would think they will take the biggest offer. (Incidentally, some San Diegans have been trying to get the LA Times to return to the San Diego market in earnest. If Papa Doug buys the Times, that crusade will end quickly.) Best, Don Bauder

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SurfPuppy619 Dec. 12, 2012 @ 1:58 p.m.

The LAT is a GREAT newspaper. I don't Manchester could get control of it, he does not have the experience, expertise or the brain power to run it-if he were allowed to buy it the #'s would free fall and it would be back in BK within 18 months IMO. Look at the UT, he has had it less than 18 months and the #'s suck eggs........ and will only get worse. People already are fleeing print news, and when you co-op the newspaper and turn it into a one sided biased propaganda machine the public catches on fast and it is game over.

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Don Bauder Dec. 12, 2012 @ 3:25 p.m.

SurfPup: The major owners are JPMorgan Chase and two hedge funds. Do you think they are going to worry about quality journalism? They want bucks. Best, Don Bauder

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Anon92107 Dec. 13, 2012 @ 12:01 p.m.

Just how many newspapers does Manchester intend to destroy with his politics of fear and hate? Is this some kind of GOP tactic to take newspapers away from people who actually read and think?

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Don Bauder Dec. 13, 2012 @ 1:01 p.m.

Anon: Since newspapers -- particularly metro dailies -- are going cheap, there is no telling how many papers Papa Doug will buy before he realizes that his propagandizing is self-destructive. Best, Don Bauder

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SurfPuppy619 Dec. 13, 2012 @ 1:25 p.m.

Manchester will BK the LAT if he gets control.....that will happen with the UT within 2 more years.

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Don Bauder Dec. 13, 2012 @ 4:31 p.m.

SP: Tribune Co. has been in bankruptcy since late 2008. LA Times is a Tribune property. And you wish that on them again? Best, Don Bauder

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SurfPuppy619 Dec. 13, 2012 @ 10:13 p.m.

No, as I have stated many times, IMO the LAT was the best daily in America, especially when they had the San Diego bureau open and did local stories-like when SDPD Chief Bill Kolander was fixing tickets for all his buddies!!!!!!!!

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Don Bauder Dec. 14, 2012 @ 8:08 a.m.

SurfPup: But the Times's attempt to attack the San Diego market, as well as the Orange County market, really didn't work well. The Times would have had to throw far too many resources into both those markets to succeed. Best, Don Bauder

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hilbertcharles Dec. 19, 2012 @ 9:33 p.m.

Tribune Company is a leading newspaper publisher in the country. Perhaps, most of us are sad about this news. Now, the company is set to exit bankruptcy on or before December 31, and sources close to the situation are intimating that Rupert Murdoch of News Corp is interested in company.

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