We’ve moved from a dollop of salt to a giant pepper grinder. At least that’s the view of Doug Porter, who offers a hilarious quick-take reaction in the San Diego Free Press to the wave of coverage sparked by Hillel Aron’s barn-busting LA Weekly item:
The rumor mills continue unabated, like a distracted waiter with an oversized pepper grinder ruining a Caesar salad at a faux fine dining restaurant. My favorite take of the day on the latest LA Times speculation was in Forbes:
“LA Weekly pegs the price of the Tribune newspaper group at about $600 million. By my calculations, that’s a little more than Charles and David pull in dividends from Koch Industries each year — after reinvesting 90% of the profits back in the business. So no question they can swing it. But after a career of successfully investing in businesses that make money, I am not sure Charles Koch wants into this one.”
It’s worth remembering that Aron very clearly framed his Tuesday item as one to be viewed with a requisite amount of skepticism. Even just the whisper of possible interest from a tandem like the Koch brothers is, in the current LAT sweepstakes climate, a justifiable item hook.
By the way, speaking of Koch-Tribune follow-on coverage, Kevin Roderick had a nice catch regarding the Hollywood Reporter’s item. He noted in an update that the publication dialed down the story a tad after publication and changed the byline from Jordan Zakarin to THR Staff.