Ha ha. Hillel Aron, ably working the LA Times transition-phase beat for LA Weekly, warns that today’s reported rumblings should probably be taken not so much with a grain of salt but rather a dollop of it. Nonetheless, with Tribune Co. reps having recently hinted they would prefer to find a single buyer for the company’s entire daisy chain of newspaper assets, this makes a lot of on-newsprint sense:
Multiple sources tell LA Weekly that Charles and David Koch — the infamous right-wing billionaire brothers — are considering an offer on either the Tribune Co. newspaper group, which includes the LA Times, the Chicago Tribune and the Baltimore Sun or the entire Tribune Co., which includes more than 20 stations like WGN and KTLA Channel 5.
It gets better. A member of the LA Times editorial board told Aron there’s also the separate rumor that the Koch brothers are looking to finance a bid in partnership with U-T San Diego owner Doug Manchester. Suddenly, Rupert Murdoch swooping in doesn’t seem like such a bad idea.
Kudos to Aron for more great LAT reporting. Read his latest piece in full here. As the reporter reminds, in a world where Frank McCourt can own the Dodgers, anything is possible.
Update – 03/12/13: A spokesperson for Koch Industries told Tessa Stuart of BuzzFeed LA, via email, that her bosses “are constantly exploring profitable opportunities in many industries and sectors. So, it is natural that our name would come up in connection with this rumor.”
[Photo courtesy LA Times]
Previously on FishbowlLA:
Five Takeaways from LA Weekly‘s Fabulous LA Times Feature