Koch brothers give Tribune a miss

AFP-JIJI

Billionaire industrialists Charles and David Koch — known for bankrolling conservative causes — won’t be buying the newspapers up for sale by Tribune Co.

A spokeswoman for Koch Industries said Friday the group will not be bidding for the newspapers, which include the Los Angeles Times and Chicago Tribune, confirming a report in the Daily Caller.

The mere suggestion that the Koch brothers were interested in the newspapers sparked a spate of protests in cities where Tribune Co. newspapers operate in recent months over fears they might use the dailies to further conservative political causes.

The Daily Caller reported late Thursday that Koch determined that purchasing the newspapers was “not economically viable” and that both parties walked away from the negotiations.