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Koch Brothers Plan To Buy Up Eight Major Newspapers
The New York Times has a must-read piece on the right-wing billionaire Koch brothers’ push to buy 8 major newspapers as part of their strategy to promote their extreme political ideology:
The papers, valued at roughly $623 million, would be a financially diminutive deal for Koch Industries, the energy and manufacturing conglomerate based in Wichita, Kan., with annual revenue of about $115 billion.
Politically, however, the papers could serve as a broader platform for the Kochs’ laissez-faire ideas. The Los Angeles Times is the fourth-largest paper in the country, and The Tribune is No. 9, and others are in several battleground states, including two of the largest newspapers in Florida, The Orlando Sentinel and The Sun Sentinel in Fort Lauderdale. A deal could include Hoy, the second-largest Spanish-language daily newspaper, which speaks to the pivotal Hispanic demographic.
Read it at: http://www.nytimes.com/2013/04/21/business/media/koch-brothers-making-play-for-tribunes-newspapers.html