Update: L.A. County Museum Proposes Merger

The Los Angeles County Museum of Art has offered to merge with the struggling Museum of Contemporary Art, according to the Los Angeles Times.

The Museum of Contemporary Art is also considering an offer of $30-million from Eli Broad, the billionaire philanthropist who chaired its founding board in the late 1970s. (Mr. Broad is a permanent trustee of both organizations.) The contemporary art museum’s board has reached no decision on either offer and is slated to meet tomorrow.

Meanwhile, The New York Times reports that the Museum of Contemporary Art’s director, Jeremy Strick, is negotiating the terms of his resignation with the institution’s board.

(Free registration is required to view both articles.)