Three billionaires seek to buy L.A. Times (Reuters)

LOS ANGELES (Reuters) - Three billionaires, including Hollywood mogul David Geffen, have expressed interest in buying the Los Angeles Times, but have been rebuffed for the time being by its owner, Tribune Co., the paper reported. Geffen, property developer Eli Broad and supermarket investor Ron Burkle each wrote to the board of directors of the Chicago-based firm, which is under pressure from shareholders to boost its flagging share price, the paper said in its Saturday edition. The report, citing ...