David Koch and Charles Koch, owners of Koch Industries, Inc. are seeking to acquire Los Angeles Times Communications, LLC and Chicago Tribune Company, Inc. and six other newspaper from Tribune Company (OTCPK:TRBA.A), according to a report by the New York Times. The New York Times said, purchasing those papers would be part of the Kochs' activism in favor of less regulation and less taxation. The report added that the Kochs probably have the money to buy all of Tribune's papers that are collectively valued at about $623 million. Also, LA Observed flagged the Times reporting that Tribune is expected to send its papers' financial information to potential buyers in early May 2013, speculating that, at that point, the Kochs could be in the best position to win the bidding because they appear prepared to purchase the papers in a package deal.

Eli Broad in partnership with Austin Beutner are reportedly interested in acquiring Los Angeles Times Communications, LLC from Tribune Company, sources said. It also added that though Eli Broad and Austin Beutner are primarily interested in the Times, but they would consider purchasing the block of Tribune Co. newspapers like The Baltimore Sun Company, Chicago Tribune Company, Inc. and The Hartford Courant Company. Also, according to sources, Broad and Beutner would like to make the Times into a nonprofit. Karen Denne. Spokeswoman of Broad, said, "Broad has always believed in local ownership of the Times and would be interested in joining with others to buy the paper."

Tribune Company is seeking a single buyer for all of the publications, said two people with knowledge of the process. Tribune owns the Chicago Tribune Company, Inc., Los Angeles Times Communications, LLC, and six other daily papers. The bidding is still in the early stages, the company is seeking acquirers who are willing to purchase the newspaper chain together, said the people, who asked not to be named because the talks are private. Freedom Communications, Inc. is interested in acquiring whole chain. “We do happen to believe all of Tribune’s newspapers may likely fit the profile of what would work for our business model and team. But there are no shortcuts, and we intend to make sure that before we take responsibility for a community’s newspaper, we know we can manage it and help it grow. When you buy a newspaper for a community it’s a real long- term commitment,” said Chief Executive Officer of Freedom, Aaron Kushner. According to the people familiar with the matter, Rupert Murdoch, Chairman and Chief Executive Officer of News Corp., is considering the Los Angeles Times Communications, LLC, while Wrapports LLC is interested in the Chicago Tribune Company, Inc. Warren Buffett has expressed interest in The Morning Call, Inc., the people said. The chain includes The Baltimore Sun Company. It may still be possible for multiple bidders to team up on a single transaction depending on how the negotiations go, the people said. JPMorgan Chase & Co. and Evercore Partners Inc. acted as financial advisers after the company received unsolicited interest in the newspapers, people familiar with the matter said during the week ending March 3, 2013. According to Bloomberg, Gary Weitman, a Tribune spokesman, declined to comment, as did Nathaniel Brown, a spokesman for New York-based News Corp. According to Bloombeg, Alisa Alexander, a spokeswoman for Wrapports, said the company is looking at some of Tribune’s assets, without elaborating and a representative for Buffett didn’t respond to a request for comment.