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Surprise sale of Washington Post has Los Angeles on edge
Aug 8th, 2013 by Warren Swil

Sale of L.A. Times

may to be next major

shift in media ownership

Billionaire Warren Buffet would be the best new proprietor of the L.A. Times if he were interested. Click image to enlarge.

THE SURPRISE SALE of the venerable Washington Post by the legendary Graham family this week has elements of both gloom and hope for those of us who value daily newspapers – and those who work for them.
But it certainly is a significant chapter in the evolution of daily newspaper ownership away from the control of family dynasties like the Grahams, an evolution that actually began 13 years ago when the Chandler family sold the Los Angeles Times to Tribune Co. for $8 billion.
The question on every Angeleno’s mind today is: Is the L.A. Times next?
The answer is: possibly, if Tribune Co. reopens the bidding.


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