Koch Industries no longer interested in Tribune papers

[Newsjock]

Source: USA Today

Koch Industries, a conglomerate controlled by Charles and David Koch, no longer wants to buy the Tribune Company's newspapers.

But "Koch continues to have an interest in the media business and we're exploring a broad range of opportunities where we think we can add value," the company said in a statement.

The Daily Caller, an online news site, first reported the development.

Koch conducted a due diligence assessment of the eight daily newspapers that Tribune has put up for sale, including The Los Angeles Times and Chicago Tribune, but determined that a deal wan't financially viable.

Read more: http://www.usatoday.com/story/money/business/2013/08/22/koch-industries-drop-interest-in-tribune-papers/2689171/

[Ahpook]

1. Need to put a leash on these parasites

I'm not holding my breath

[byronius]

2. Whatever they buy will instantly become Teabagger-only.

No one with a brain still reads the WSJ, or follows Fox, or any of the other forays into media the Leeches buy up.

They can try. Wasted money. Cheaper just to put a gun to our heads. And don't think they aren't working on just how to do that --

They own the Supreme Court, after all. That's the important Koch property.

[kimbutgar]

7. I used to read the wsj everyday until Murdoch brought it

Now the only reason to have it is to line a bird case or cat box.

[mountain grammy]

3. Oil, gas, Northern, Dixie, Brawney, etc, etc, etc. Why not a few media outlets too?

Who needs to be elected to anything when you can just buy the whole world.

[UpInArms]

6. Angel Soft -

sorry, I can't even wipe my butt with their crap

[maindawg]

4. I heard fox news is having some trouble.

Is it for sale?

[Auggie]

5. The people they're interested in reaching don't read anyway ... they'll buy broadcast.

[applegrove]

8. Yippee!

[mimi85]

9. Agree!

I was getting close to canceling my LA Times subscription. Gotta have my morning paper. And getting the NY Times in SoCal is a jillion bucks a year. The SF Chronicle isn't bad. My husband would come unglued without a local Sports section. And our county paper, The Press-Enterprise, in this conservative shit hole of a county sucks.

[tblue]

13. Oh yeah, that P-E paper.

It's painful to read. I like the LA Times. I don't live in that area anymore so I don't buy it, but I love having a paper paper to enjoy with my morning coffee.

[ellenfl]

10. until no one's watching. eom

[pauliedangerously]

12. I wonder if they'll make a play for WikiLeaks

It seems like a perfect fit...is THAT scary or what?

[madrchsod]

14. i thought it was a bad deal for the koch brothers and i was right

the chicago tribune used to be a powerful voice in chicago but it`s not anymore.