Sunday, August 2, 2015

Could Michael Bloomberg at least ban large Kochs?

Could Michael Bloomberg at least ban large Kochs?


You say you want a revolution...against the liberal media? Be careful what you wish for.:

The latest rumor about the next owner of the L.A. Times, which is for sale, is a doozy. A bombshell. It's a doozy wrapped in a bombshell exploding inside a Drudge siren.

Multiple sources tell L.A. 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 L.A. 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.

Now, these are unverified rumors that should be taken with a grain of salt if not a whole dollop. The Tribune Co. won't comment on any specific offers they've received, although a source there says, "We've gotten a ton of interest. That was one of the reasons for hiring the outside financial advisors, to sift through the unsolicited interest."

Bombshell indeed. But I wonder if the Kochs would be getting the bang for the buck they think they are. Here in Philadelphia, we've been owned over the last seven years by a Republican Party strategist. anonymous Darth Vader-y hedge fund types, and now a major Democratic Party donor and a New Jersey Democratic power broker (among other partners). Have you noticed the difference?

I think itt;s hard for non-journalists to have the right instincts to create and promote journalism that makes an impact. Look at the new New Republic under Facebook pioneer and billionaiire Chris Hughes, who reportedly killed the best piece of journalism this year for an insipid sit-down with President Obama.

Also...newspapers? In 2013? Seriously?

So buy away, Koch Brotheers. It's a free country. :Last time I checked.

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Will Bunch
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