Tribune Rejects Eli Broad Offer for Los Angeles Times

Financial Times: Tribune Publishing has rejected an approach for the Los Angeles Times and the San Diego Union-Tribune from West Coast billionaire Eli Broad, according to people familiar with the matter. The offer, which came in the past month, was followed on Tuesday by Tribune’s parting company with Austin Beutner, the publisher of the LA Times. “I am not departing by choice, nor is this some ‘mutual agreement’ on my part and Tribune Publishing. Tribune Publishing has decided to fire me,” he said in a Facebook post.