Los Angelenos were caught up yesterday in successive waves of speculation that the regions’ dominant daily newspaper was about to be purchased by billionaire brothers/conservative activists Charles and David Koch. Alt paper LA Weekly broke the story, followed by echoes from the Hollywood Reporter, Reuters and even Forbes.
The Weekly story claimed multiple sources in reporting that the Koch brothers were contemplating purchasing “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.”
An unnamed member of the LA Times editorial board was credited with adding that the Kochs were actually acting as financiers for a bid by UT-San Diego publisher Doug Manchester. The embellishments appearing in various reports and comments about San Diego’s media mogul were nearly as ridiculous as the local daily’s self promotional efforts.
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