Report: Koch Brothers Want to Buy Los Angeles Times Reuters
Charles and David Koch, two of the world's wealthiest men and funders of conservative and libertarian causes, are interested in buying the Los Angeles Times and other Tribune newspapers, reports Reuters.
The Koch brothers aren't interested in Tribune's non-newspaper assets, which include broadcast TV stations and WGN, the story says.
Worth $34 billion, the brothers have enough assets to buy the newspapers, which are said to be worth $623 million, according to the article. The pair are the owners of Koch Industries, which owns cattle ranches, paper products such as Dixie Cups and oil and gas pipelines.
The story adds: "They are known for their conservative views and on the Koch Industries website explain that economic freedom means that 'government is kept small and limited to those activities that contribute to societal well-being, rather than undermine it.'"