Daily News officials bid for the Van Nuys paper.
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At least four executives from the 150,403-circulation daily went to Chicago this week to discuss buying the suburban paper from Tribune Co. The group proposed acquiring the Daily News through a leveraged buy-out. Tribune Co. must sell the Daily News as part of its purchase of KTLA-TV Channel 5 in Los Angeles for $510 million. The executive group includes Editor Timothy M. Kelly, Vice President Thomas E. Griffiths, Information Systems Director Gerald W. Rusca and Production Director Eugene Moni Jr. Five corporations also have bid for the Daily News.
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