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Greenberg Eyes Tribune

The former insurance giant wants to be a publisher.

Updated from 9:20 a.m. EST

Insurance giant Maurice "Hank" Greenberg may be looking to get into the newspaper business.

The former

American International Group

(AIG) - Get American International Group, Inc. Report

chairman and CEO is considering putting in a bid for some of the newspapers owned by



, says

The New York Times

. The 81-year-old Greenberg reportedly has been talking to lawyers and investment bankers about a possible bid for the media company that publishes

The Los Angeles Times

and the

Chicago Tribune


Greenberg was forced out of AIG, a company he ran for decades, in the aftermath of an accounting scandal at the world's largest insurer.

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In recent weeks, a number of tycoons have emerged as possible buyers for struggling newspapers. Last month it was learned that former

General Electric

(GE) - Get General Electric Company Report

chairman and CEO Jack Welch is mulling a bid for

The Boston Globe

, which is owned by

The New York Times

(NYT) - Get New York Times Company Class A Report


A number of Los Angeles-area business leaders also are considering raising money to buy either the

Los Angeles Times

or the entire Tribune company. Most notably, Eli Broad and Ron Burkle, two billionaires, put in a bid for Tribune, which has been soliciting proposals from private equity firms.

Other media companies also may be jumping into the fray. According to

The Los Angeles Times


Chicago Tribune



(GCI) - Get Gannett Co., Inc. Report

executives have visited Tribune offices to hear management presentations.