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Follow the Money

The Media Monopoly: Rightwing Billionaire Koch Brothers Turning Focus to Newspapers

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A current NY Times article (4/21/2013) is about the evil Koch brothers, their potential acquisition of parts of the Tribune Company and its influence on in the media. I summarized the most important parts:

“In a move that could change the meaning of mainstream media, the Koch brothers, libertarian leaning billionaires and industrial giants are contemplating purchasing the Tribune Company newspapers. The interest in the newspapers is part of a plan for a better representation of the conservative voice. According to the New York Times, the Koch’s presented this plan to a group of like-minded billionaires who wanted to influence Americans through grassroots campaigns, political action groups, and  the media.

Koch Industries 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.
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.

The papers could serve as a broader platform for the Kochs’ laissez-faire ideas. Koch Industries is one of the largest sponsors of libertarian causes — including the financing of policy groups like the Cato Institute in Washington and the formation of Americans for Prosperity, the political action group that helped galvanize Tea Party organizations and their causes.

A Democratic political operative said he admired how over decades the brothers have assembled a complex political infrastructure that supports their agenda. A media company seems like a logical next step.”

For a very one-sided view on the Koch brothers and their influence see:
http://www.kochbrothersexposed.com/videos

For the whole NY Times article see:
http://www.nytimes.com/2013/04/21/business/media/koch-brothers-making-play-for-tribunes-newspapers.html?pagewanted=al

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