LA Times for Sale...Any Buyers?

Eli Broad, Ron Burkle and David Geffen are local billionaires who’ve shown interest in the principal asset of Tribune Publishing, the Los Angeles Times. Other newspaper groups are thought to be interested, too, and tomorrow is the deadline for submission of bids. But one Merrill-Lynch analyst has thrown cold water on expectations. We get an update from Jennifer Saba of Editor & Publisher and Professor Bryce Nelson of USC.