Will Bundling of L.A. Times and Sister Papers Fend Off Koch Bros.? | The Informer | Los Angeles | Los Angeles News and Events | LA Weekly

Will Bundling of L.A. Times and Sister Papers Fend Off Koch Bros.?

Comments (0)


Wed, Jul 10, 2013 at 2:19 PM

click to enlarge la_times_buy_rack_Debaird_flickr_ok_thumb_560x388.jpg
See also: Are the Koch Brothers Trying to Buy the Los Angeles Times?

The Los Angeles Times would be a money maker if it wasn't shackled to Sam Zell's disastrous scheme to find synergy with television properties while taking on mad debt.

That era is over now. And today the Times' parent company, Tribune, announced it would spin off all its newspapers into a new, separate entity called Tribune Publishing Co. While this new organization still seems up for grabs, at least one labor leader says the split is bad news for the conservative Koch brothers' interest in buying the West's premier newspaper:

In a statement sent to the Weekly and other outlets, California Labor Federation executive secretary-treasurer Art Pulaski called the move "a setback" for the Kochs, who have expressed some desire to purchase the Times and the Times only.

Perhaps that's because any suitors now must consider a coast-to-coast package that includes the Chicago Tribune, Baltimore Sun, Hartford Courant, Orlando Sentinel, South Florida Sun Sentinel and more.

In its coverage of the deal, the Times says " ... the papers still could be sold at any time and the idea of the spinoff abandoned."

Still, any push back for the notion of a Koch takeover, the worst Westside white people problem since the 1992 riots, is seen as a victory. Pulaski:

Today's announcement that the Tribune Company is committed to the profitability of its newspaper holdings, including the Los Angeles Times, is a short-term victory for those who believe a free and fair press is vital to our democracy. The announcement is also a setback to the ideologically extreme Koch brothers, who expressed interest in buying the Tribune's newspapers.

There's no doubt the Kochs' interest in the Times and other papers is driven by their desire to fuel an anti-worker agenda through compromising the integrity of some of America's finest journalistic institutions.

The Times spins the move as a way to get rid of some dead-tree media:

The goal is to boost the stock-market value of the broadcast properties by unshackling them from the newspapers, whose revenue has been declining sharply.

But, as we said, the Times seems to do just fine without being saddled with "multi-platform" dreams and billions in red ink.

Sounds like good news to us.

Send feedback and tips to the author. Follow Dennis Romero on Twitter at @dennisjromero. Follow LA Weekly News on Twitter at @laweeklynews.

Related Content


Now Trending

  • How Not to Get Ebola

    The first natural case of Ebola in the United States was confirmed by the U.S. Centers for Disease Control and Texas Department of State Health Services officials today. The patient arrived from Liberia Sept. 20, sought treatment in the Dallas area Sept. 26 after feeling ill for a couple days,...
  • Mayor of Bell Gardens Shot

    The mayor of Bell Gardens, a small city in southeastern L.A. county, was shot and wounded today, a sheriff's official told L.A. Weekly. The municipal website of Bell identifies the mayor as Daniel Crespo. The attack was reported this afternoon in the 6300 block of Gage Avenue in that town,...
  • Eric Garcetti Ups the Jargon, Vows to "Follow from the Front"

    Mayor Eric Garcetti took the stage Monday at the Atlantic's CityLab conference and did what he does best — talked fluently for nearly 20 minutes without really saying anything. The event is hosted by the Aspen Institute and Bloomberg Philanthropies — it's sort of a second-tier Davos — so Garcetti adopted the...
Los Angeles Concert Tickets