START A PETITION 25,136,189 members: the world's largest community for good
START A PETITION
x

Tribune Co. Announces Spin-Off of Newspaper Business; No Immediate Sale to the Koch Brothers


Business  (tags: money, news, society, lies, marketing, investing, investments, labor, law, politics, ethics, corporate, abuse, americans, business, consumers, GoodNews )

JL
- 410 days ago - calaborfed.org
The announced spin-off is at least a temporary setback to Charles and David Koch, the conservative billionaire brothers who had expressed interest in acquiring the newspapers.



Select names from your address book   |   Help
   

We hate spam. We do not sell or share the email addresses you provide.

Comments

JL A. (275)
Friday July 12, 2013, 3:29 pm

Tribune Co. Announces Spin-Off of Newspaper Business; No Immediate Sale to the Koch Brothers

by Brandon Rees, AFL-CIO

The Tribune Company has announced that it will split in two, separating its newspaper business from its broadcasting unit, as it focuses more on its television operations in an attempt to become more profitable. The announced spin-off is at least a temporary setback to Charles and David Koch, the conservative billionaire brothers who had expressed interest in acquiring the newspapers.

The Tribune Company owns the Los Angeles Times, the Chicago Tribune, Baltimore Sun and several other leading newspapers around the country. A spin-off will allow the current owners of the Tribune – including pension funds invested through the Tribune’s largest shareholder Oaktree Capital – to participate in a hoped-for turnaround of the newspapers as new sources of revenue such as digital subscriptions grow.

The spin-off is also a victory for journalistic integrity. Over the years, the Koch brothers have funded a variety of ultra-conservative organizations and causes. Many have feared that Koch-owned newspapers would be transformed to promote their political views. Charles Koch dismissed such concerns saying that the editorial pages of any purchased newspapers would be a “marketplace of ideas.”

The labor movement had also criticized any potential sale of the Tribune newspapers to the Koch Brothers. The California Labor Federation issued a report “The Koch Brothers Files” and the Newspaper Guild-CWA organized a panel of journalists at the National Press Club to discuss the dangers of such a sale. Although a spin-off will not prevent the Kochs from trying to purchase newspapers in the future, an immediate sale of the Tribune newspapers is unlikely for the time being.

Posted on 07/10/2013 •
 

Terry V. (30)
Friday July 12, 2013, 4:54 pm
When all else fails they'll use the back door...........................
 

JL A. (275)
Friday July 12, 2013, 5:20 pm
You cannot currently send a star to Terry because you have done so within the last day.
 

Judy C. (106)
Friday July 12, 2013, 6:03 pm
Koch's terminoogy is very telling. He even finds a way to commodify ideas: "Charles Koch dismissed such concerns saying that the editorial pages of any purchased newspapers would be a 'marketplace of ideas'.”
 

Judy C. (106)
Friday July 12, 2013, 6:05 pm
Oops typo on terminology. Anyway, it's good that some things are not owned by the Kochs.
 

Vivian B. (153)
Friday July 12, 2013, 7:25 pm
Well, they will find some way to get what they want. They always do. If it ain't legal, they will buy a bill and have it passed so it will be legal. That's just how they roll!!
 

BnKatieNOMESPLE D. (81)
Friday July 12, 2013, 10:46 pm
Thank You
 

GGmaSheila D. (163)
Friday July 12, 2013, 11:48 pm
To Vivian - well said. It's a teeny step in stopping the Koch Bros, but everything starts someplace. We don't need another forum for the Koch Bros to spew their warped politics and their venom towards women. Always wondered did they have a mother?? Perhaps they're aliens...
 

Helen Porter (40)
Saturday July 13, 2013, 12:28 am
money talks

big money whispers
 

Julie E. (345)
Saturday July 13, 2013, 12:52 am
I tried to leave a comment but the site would not except my comment. ISP was not "safe" enough.
 

jess b (24)
Saturday July 13, 2013, 3:06 am
\
oy veh! (oh dear!) there are always other "practical" means...
 

jess b (24)
Saturday July 13, 2013, 3:08 am
glad to hear of this on the news site!
 

JL A. (275)
Saturday July 13, 2013, 7:02 am
You are welcome Bill and Katie.
You cannot currently send a star to GGma Sheila or Zee because you have done so within the last day.
 

Joanne Dixon (38)
Saturday July 13, 2013, 7:11 am
Why, GGma Sheila D, are you implying they are sons of b*****s? I'm sure you would be right.
 

JL A. (275)
Saturday July 13, 2013, 7:32 am
You cannot currently send a star to Joanne because you have done so within the last day
 

Angelika R. (146)
Saturday July 13, 2013, 8:50 am
a temporary relief,..a clear NO to them by the Tribune is probably wishful thinking.
 

JL A. (275)
Saturday July 13, 2013, 8:54 am
You cannot currently send a star to Angelika because you have done so within the last day.
 

Kit B. (277)
Saturday July 13, 2013, 8:57 am

Let's just wait and see and maybe should there be a back door, be ready to protest and not support the KOCH theft of our communications. In the past, I didn't think much about a non-human entity, like a corporation as being good or bad, rather just sloughing along to make money as it was programmed to do. That has been changing dramatically in the past 30 years. There is nothing in the history or conduct of the KOCH family that could or should lead us down a path that results in trust.
 

JL A. (275)
Saturday July 13, 2013, 9:01 am
You cannot currently send a star to Kit because you have done so within the last day.
 

Mike M. (53)
Saturday July 13, 2013, 10:26 am
Yeah Hitler and Stalin had a market place for ideas too
 

JL A. (275)
Saturday July 13, 2013, 10:31 am
You cannot currently send a star to Mike because you have done so within the last day.
 
Or, log in with your
Facebook account:
Please add your comment: (plain text only please. Allowable HTML: <a>)

Track Comments: Notify me with a personal message when other people comment on this story


Loading Noted By...Please Wait

 

 
Content and comments expressed here are the opinions of Care2 users and not necessarily that of Care2.com or its affiliates.