As I noted before, Broad is a billionaire who can afford to bail out the paper if he really wants to. But it has become harder for him than it would have six months ago.
Forbes’s newest billionaire ranking pegs his net work at $5.2 billion, down $1.5 billion from last September.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
Why exactly does Eli Broad want to save his hometown Los Angeles Times? He explains in this video clip, an excerpt from his appearance earlier this week at Manhattan’s 92nd Street Y.
