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	<title>AllThingsD &#187; 92nd Street Y</title>
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		<title>Video: Eli Broad Explains Why He Wants to Save the Los Angeles Times</title>
		<link>http://allthingsd.com/20090312/video-eli-broad-explains-why-he-wants-to-save-the-la-times/</link>
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		<pubDate>Thu, 12 Mar 2009 20:51:12 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
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		<category><![CDATA[92nd Street Y]]></category>
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		<category><![CDATA[Eli Broad]]></category>
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		<description><![CDATA[Eli Broad is reportedly worth $5.2 billion, down from $6.7 billion last fall. Why does he want to burn more money on a regional newspaper?]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-medium wp-image-5180" title="eli-broad-youtube" src="http://mediamemo.allthingsd.com/files/2009/03/eli-broad-youtube-300x242.png" alt="eli-broad-youtube" width="250" height="201" />Why exactly does <a href="http://mediamemo.allthingsd.com/20090310/is-the-la-times-a-charity-case-yes-and-ill-take-it-on-says-billionaire-eli-broad/">Eli Broad want to save his hometown Los Angeles Times</a>? He explains in this video clip, an excerpt from his appearance earlier this week at Manhattan&#8217;s 92nd Street Y.</p>
<p>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.</p>
<p>Forbes&#8217;s newest billionaire ranking pegs his net work at $5.2 billion, down $1.5 billion from last September.</p>
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