The Koch brothers’ media investment
Tribune Company’s moves to sell its newspapers—a string that includes the Los Angeles Times and the Chicago Tribune—has reportedly sparked the interest of the billionaire industrialists Charles and David Koch.
The Koch brothers, of course, are best known for funding conservative causes and conservative politicians -- and they don’t have much of a track record of media ownership. As news of their interest in the Tribune newspapers spread, Koch Companies spokeswoman Missy Cohlmia declined as a matter of policy to confirm or deny a bid. At the same time, though, she sought to dispel concerns that the Koch brothers would seek to transform Tribune newspapers into an arm of the broad network of conservative opinion and policy shops whose activities they underwrite. “We respect the independence of the journalistic institutions referenced in today’s news stories,” Cohlmia said. That didn’t stop some observers from worrying out loud, particularly on the left, about the political orientation of those papers, particularly their editorial pages.
The Koch brothers’ media investment