...While they have a newspaper. Or five, including the Chicago Tribune and the L. A. Times. Yes, the Koch brothers may be looking at buying Tribune Company's newspapers, which the bankrupt media company is selling while they still can, hoping to hang onto to their 23 TV stations (and a cable channel and a radio station) and maybe claw their way back into solvency.
The Kochs are on the shortlist of possible buyers for the clanking, ink-spatted anachronisms.
Imagine Reason Magazine as the Sunday supplement!
Side note, it appears from the bidders cited that running a newspaper is more and more a billionaire's hobby rather than a business. These days, even a major-market local paper couldn't make money if it was printed on flatbread during a famine; they need owners who can afford to break even or bear a small loss if they're going to continue. If it's going that way (and it is), it'd be nice to have one or two -- or five -- who weren't owned by George Soro's golf buddies. If nothing else, the return of some dynamic tension between publisher/owner and the newsroom would help keep 'em all on their toes.
2 months ago