Yesterday, a Wall Street Journal piece touched on whether the Koch Brothers might buy the Los Angeles Times. Today the brothers released a statement -- OK, a lecture -- straight from the pages of Ayn Rand's Atlas Shrugged. They want you to know that they don't give a rip about protests against them. ... More >>
People are starving on Skid Row, children go without parents in South L.A., and immigrants will work for practically nothing in this town. But a couple of rich conservatives threaten to buy the Los Angeles Times and -- whoa! -- opponents will hit the streets like anarchists in Seattle:
Why do so many rich men want to buy it? And how did it get to this point anyway?
Updated below with Tribune clarifying it's not really an auction, reactions from top Los Angeles Times journalists and potential buyer Austin Beutner. Additional reporting by Hillel Aron. CNBC is reporting that Tribune Co. has hired investment bankers to sell off its newspaper unit, which includes ... More >>