Sunday, April 21, 2013

Forbes - Media & Entertainment: The Koch Brothers Are Bidding To Become Newspaper Magnates

Forbes - Media & Entertainment
Forbes - Media & Entertainment
The Koch Brothers Are Bidding To Become Newspaper Magnates
Apr 21st 2013, 16:23

That's what the New York Times tells us, that the Koch brothers are in the running to bid for the Tribune group of newspapers. The story seems a little odd to me. No, not that I think that it's wrong, not at all, rather, that I think the NYT itself has rather got hold of the wrong end of the stick. There's a terribly important part about the economics of newspapers to understand here and I don't think they have understood it: One person who has previously advised said the papers were considered an investment opportunity, and were viewed as entirely separate from Charles and David Kochs' lifelong mission to shrink the size of government.

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