Koch Brothers Making Play for Tribune’s Newspapers - NYTimes.com - Amy Chozick, New York Times:
April 20, 2013 - "Three years ago, Charles and David Koch, the billionaire industrialists and supporters of libertarian causes, ... laid out a three-pronged, 10-year strategy to shift the country toward a smaller government with less regulation and taxes.
"The first two pieces of the strategy — educating grass-roots activists and influencing politics — were not surprising, given the money they have given to policy institutes and political action groups. But the third one was: media....
"Now, Koch Industries, the sprawling private company of which Charles G. Koch serves as chairman and chief executive, is exploring a bid to buy the Tribune Company’s eight regional newspapers, including The Los Angeles Times, The Chicago Tribune, The Baltimore Sun, The Orlando Sentinel and The Hartford Courant.
"By early May, the Tribune Company is expected to send financial data to serious suitors in what will be among the largest sales of newspapers by circulation in the country. Koch Industries is among those interested, said several people with direct knowledge of the sale who spoke on the condition they not be named. Tribune emerged from bankruptcy on Dec. 31 and has hired JPMorgan Chase and Evercore Partners to sell its print properties."
Read more: http://www.nytimes.com/2013/04/21/business/media/koch-brothers-making-play-for-tribunes-newspapers.html?_r=1&
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April 20, 2013 - "Three years ago, Charles and David Koch, the billionaire industrialists and supporters of libertarian causes, ... laid out a three-pronged, 10-year strategy to shift the country toward a smaller government with less regulation and taxes.
"The first two pieces of the strategy — educating grass-roots activists and influencing politics — were not surprising, given the money they have given to policy institutes and political action groups. But the third one was: media....
"Now, Koch Industries, the sprawling private company of which Charles G. Koch serves as chairman and chief executive, is exploring a bid to buy the Tribune Company’s eight regional newspapers, including The Los Angeles Times, The Chicago Tribune, The Baltimore Sun, The Orlando Sentinel and The Hartford Courant.
"By early May, the Tribune Company is expected to send financial data to serious suitors in what will be among the largest sales of newspapers by circulation in the country. Koch Industries is among those interested, said several people with direct knowledge of the sale who spoke on the condition they not be named. Tribune emerged from bankruptcy on Dec. 31 and has hired JPMorgan Chase and Evercore Partners to sell its print properties."
Read more: http://www.nytimes.com/2013/04/21/business/media/koch-brothers-making-play-for-tribunes-newspapers.html?_r=1&
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