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Final bids for the newsmagazine are due in three hours. The Wrap reports that those still in contention include:
--A group made up of Fred Drasner, former owner of U.S. News & World Report, Alan Webber, co-founder of Fast Company, and Paul Ingrassia, ex-Dow Jones Newswires president.
--Sidney Harman, husband of Rep. Jane Harman.
--OpenGate Capital, the L.A.-based investment firm.
One name that has dropped out, according to The Wrap, is Newsmax Media, the conservative magazine publisher. There's still speculation about Bloomberg getting involved as well.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.