David Geffen and the L.A. Times?

Is David Geffen going to buy the L.A. Times? The news comes from two blogs: Nikki Finke’s and LA Observed.

LA Observed has it from a source who has it from three sources that Geffen is interested in buying it and was close to a deal last week. Nikki Finke has it from a source who says they are in “serious discussions.”