The Chandler family, which owned the Los Angeles Times for more than a century, and a partnership of local billionaires Eli Broad and Ron Burkle made competing offers Wednesday for Chicago-based media giant Tribune Co., the Los Angeles Times reports.

After a four-month auction process, the bids pit two powerful Southern California interests in a battle for the company that owns The Times, KTLA-TV Channel 5 and the Chicago Cubs baseball team.

Another bid for only Tribune’s broadcast properties was submitted by a private equity group.

None of the offers provided a clean bid for the entire company that the Tribune board had hoped for, according to people familiar with the matter who asked not to be named because the process was confidential.

The directors now face the difficult task of weighing several alternatives. The board could accept one of the bids or reject all of them.

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