David Geffen Throws Billions at 'LAT', Dean Baquet Waffles

Entertainment mogul David Geffen, a longtime suitor, has made a $2 billion cash offer for the Los Angeles Times. This complicates not only owner Tribune Co.'s attempt to sell itself as a whole (rather than individual papers or assets), but also the hopes of fired LAT editor Dean Baquet for an eventual return. No formal offers for Tribune Co. have materialized, despite vague interest from various parties, including billionaire duo Eli Broad and Ron Burkle. Baquet supposedly wants to meet with Broad and Burkle to pitch himself as a valuable addition to their hypothetical team, even as speculation grows that he'll take a job at The New York Times rather than wait around much longer. Castle drama alert: Will Baquet scheme with NYT publisher Arthur Sulzberger Jr. to defenestrate current NYT editor Bill Keller? (Check that dry mention of Keller's retirement age.) But assuming no formal offer gets made for the whole enchilada, Tribune Co. probably can't afford to leave Geffen's gay mafia money lying on the table for long.

Geffen's offer for The Times: $2 billion [LAT]
Baquet could be eyeing spot at New York Times [LAT]
[Photo: Getty]