The bidding for Los Angeles magazine and two other regional titles that radio syndicator Emmis Communications is auctioning off should wrap up early in the new year.

Preliminary bids are in for Los Angeles, Cincinnati and Atlanta magazines, according to Emmis CEO Jeff Smulyan.

Some bids are for all three and some are for each individually, Smulyan said.

Separately, he said he has dropped a bid to take the publicly traded company private at $4.10 a share because a special committee set up to study the proposal thought the price should be higher.

Emmis shares closed Tuesday at $3.19, down 7 cents.