Eli Broad

Video: Eli Broad Explains Why He Wants to Save the Los Angeles Times

Peter Kafka in Media on March 12, 2009 at 1:51 pm PT

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?

Is the L.A. Times a Charity Case? Yes, and I’ll Take It On, Says Billionaire Eli Broad.

Peter Kafka in Media on March 10, 2009 at 8:52 am PT

One frequently floated solution to the newspaper industry’s woes: Find sugar daddies who are willing to fund them via an act of charity. Now, Los Angeles billionaire Eli Broad says he’s willing to do that to save his hometown daily.