Eli Broad, the noted philanthropist, told an audience in New York Monday night that he would like to see his foundation and others join together to operate the troubled Los Angeles Times, according to Reuters.

Mr. Broad, a billionaire who made his fortune in homebuilding and financial services, once expressed interest in buying the Times outright but told a lecture audience at the 92nd Street Y that “I’ve regained my sanity since then.” The Tribune Company, which owns the Los Angeles Times, filed for bankruptcy last year.

Expressing concern that investigative journalism be preserved despite the newspaper industry’s struggles, Mr. Broad said ownership by more than one grant maker could help the Times stay viable. “If several foundations are involved, there is likely to be journalistic freedom,” he said.