Like a train wreck or a car accident, when rich people do battle, everybody stops to watch. Billionaires Ronald Burkle, Eli Broad and David Geffen haven’t taken off the gloves but all signs point to them fighting for ownership of their troubled hometown newspaper, the Los Angeles Times. The fortunes of the Times, the nation’s fourth-largest daily newspaper, are being watched closely by a newspaper industry beset by sales, staffing cutbacks and circulation drops.
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