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Will Eli Broad Save the LA Times?

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Well, it might not just be philanthropist Eli Broad buying up the LA Times, but he does have an idea. "We can't afford to lose good newspaper journalism, investigative reporting," he said in New York City this week. "I would like to see our foundation and others join together to own the LA Times... I am not sure it can be a national paper, or have the same aspirations it once had... Newspapers ought to be owned by foundations, not look for great financial returns... If several foundations are involved there is likely to be journalistic freedom." Related: VoiceOfSanDiego.org is already a foundation and donor supported online city newssite that focuses on in depth journalism. KCET's SoCal Connected did a great feature on them a few weeks ago, watch it below.