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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.
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.