(Reuters) – Another sports team owner is eyeing the possibility of becoming a newspaper publisher.
Mark Walter, the controlling partner of the group that owns the Los Angeles Dodgers, said he could be interested in buying the Los Angeles Times and the Chicago Tribune for the right price.
“The Los Angeles Times says something,” Walter told the Los Angeles Times late on Friday. “It means something. It’s a brand. I think people have undervalued that. If the price were right, I would buy it.”
Walter, who lives in Chicago, is also the chief executive of Guggenheim Partners, an investment banking company.
He told the newspaper he could be interested in buying Los Angeles Times and the Chicago Tribune because he wants to improve the quality of information.