Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Why The Fear? Koch Bros. May Save Some Dying Papers
Investor's Business Daily ^ | 24 April 2013 | Editorial

Posted on 04/24/2013 2:41:19 PM PDT by IBD editorial writer

Media: Billionaire brothers with a free-market bent are said to be eyeing some big newspapers. The left is worried. Will this end a noble tradition of red ink and layoffs? As readers of Mother Jones and the Daily Kos will tell you, David and Charles Koch fund a vast right-wing conspiracy that has warped American political life and kept a boot heel on the neck of the 99%. So with power like that, why would the brothers want to buy struggling newspapers? Why not go after something with more of a future, like mobile apps? Whatever the reasons, the Kochs are reported to be interested in buying papers owned by the Tribune Co., including the Los Angeles Times, Chicago Tribune, Orlando Sentinel, Hartford Courant and Baltimore Sun. The eight papers are worth an estimated $623 million. Koch Industries, the brothers' diversified energy and manufacturing business, books revenue of $115 billion a year. So it doesn't look like much of a financial stretch.

(Excerpt) Read more at news.investors.com ...


TOPICS: Editorial; News/Current Events; Politics/Elections; US: California
KEYWORDS: koch; kochbrothers; latimes; left
The left's Koch Derangement Syndrome.
1 posted on 04/24/2013 2:41:19 PM PDT by IBD editorial writer
[ Post Reply | Private Reply | View Replies]

To: IBD editorial writer
Its not that bias in the media is a new thing - over the past several centuries there's been plenty... but there was bias going both ways not just to the left.

If the Koch brothers can pull this off the country will be immeasurably better off.

But I believe the left will pull out the stops, up to & including destroying the 1st Amendment, to prevent it.

2 posted on 04/24/2013 2:47:42 PM PDT by skeeter
[ Post Reply | Private Reply | To 1 | View Replies]

To: IBD editorial writer

I have no doubt that the major owners of the LAT would accept a lower price from a liberal bidder. The question is are the leftist owners the majority. If not, they may be forced to accept the presumably higher Koch bid.

If anyone has any insight here they should post it.


3 posted on 04/24/2013 2:52:09 PM PDT by InterceptPoint (a)
[ Post Reply | Private Reply | To 1 | View Replies]

To: IBD editorial writer

A truly conservative American newspaper would sell like hot cakes.

The Left is therefore peeing its collective pants over this.


4 posted on 04/24/2013 2:52:29 PM PDT by Jack Hammer (American)
[ Post Reply | Private Reply | To 1 | View Replies]

To: IBD editorial writer

I’ve been saying for years that there would be good money in it for conservatives to buy a network of papers & TV channels.


5 posted on 04/24/2013 2:53:39 PM PDT by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Jack Hammer

The Koch’s might be able to do this on a scale that could justify the creation of a new wire service to replace the propaganda of the AP and Reuters. Many small town newspapers would flock to a “straight up” news wire service to avoid the utter garbage published by these outfits. My small town newspaper prints their trash like it is the gospel truth.


6 posted on 04/24/2013 2:57:49 PM PDT by RatRipper (Self-centeredness, greed, envy, deceit and lawless corruption has killed this once great nation.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: RatRipper

Bingo We have a Winner!

By the Large Money loosing Leftist rags and create a Real Wire Service.

AP is killing the remaining independent newspapers.

AP = Always Propaganda


7 posted on 04/24/2013 3:06:16 PM PDT by Texas Fossil
[ Post Reply | Private Reply | To 6 | View Replies]

To: RatRipper; Kevmo

Just some food for thought.

While I don’t have the exact figures, it is my understanding that close to 75% of “stories” or “articles” that appear in the printed press are actually placed there by PR firms.

In addition, the news wires, without a doubt control most reporting of national and world news. The Chicago Tribune not only owns multiple papers they sell their content to local or the papers in smaller markets.

I believe the NY Times has a substantially greater reach into local papers than the Chicago Tribune.


8 posted on 04/24/2013 3:08:52 PM PDT by Zeneta (No eternal reward will forgive us now for wasting the dawn.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: RatRipper; All
The Koch’s might be able to do this on a scale that could justify the creation of a new wire service to replace the propaganda of the AP and Reuters.

AP is a major component of the MSM and "progressive" media. The left fears this because it lives on lies. They cannot withstand the truth. It would be utter foolishness for the Koch brothers to buy these papers and leave the leftists in charge. There is plenty of Conservative talent out there that could do a good job in these papers.

We need to go back to when everyone knew that sources were biased, and knew what the bias was. Much of our current problems have occurred because news sources claimed to be "objective".

9 posted on 04/24/2013 3:13:41 PM PDT by marktwain (The MSM must die for the Republic to live. Long live the new media!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Jack Hammer

A truly conservative American newspaper would sell like hot cakes.

The Left is therefore peeing its collective pants over this.


Peeing the only thing they are doing in their knickers.

It will mean they must get real jobs, where they must produce something of value, or else.

Not a pleasent future...


10 posted on 04/24/2013 3:16:50 PM PDT by Rumplemeyer (The GOP should stand its ground - and fix Bayonets)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Zeneta

The Liberal MSM has enough power to get Obama elected, and to slant the debate leftward almost all the time. Getting some kind of real balance would help America.


11 posted on 04/24/2013 3:18:16 PM PDT by Kevmo ("A person's a person, no matter how small" ~Horton Hears a Who)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Rumplemeyer

the left would force corporations to not advertise in it, the rest of the MSM would pillory and belittle them, many employees will quit or sabotage.

Plus, the Koch brothers are not conservative on every issue


12 posted on 04/24/2013 3:18:25 PM PDT by GeronL (http://asspos.blogspot.com)
[ Post Reply | Private Reply | To 10 | View Replies]

To: marktwain
It would be utter foolishness for the Koch brothers to buy these papers and leave the leftists in charge.

The Kochs wouldn't do that. They'll change the model and run the papers like businesses and not like charities, which is the current model. By definition that means new writers, new desk editors, new publishers, new advertising execs. Only the technicians that run the presses will remain. And the new papers had better perform, or they'll repeat as necessary until they get a crew that does.

That's how you turn a business around. It would be the ultimate last laugh if the Kochs hired Mitt Romney to do the heavy lifting.

13 posted on 04/24/2013 3:23:23 PM PDT by Cyber Liberty (I am a dissident. Will you join me? My name is John....)
[ Post Reply | Private Reply | To 9 | View Replies]

To: IBD editorial writer

I am for the Koch brothers getting into the heavyweight news paper market. They apparently have the money which does the talking and they are a different voice from the Arab and Soros and Rothschild controlled press. It is fascinating for me that people of the Koch family tree are here in the USA to be able to present a entrepreneurial story as to the true USA spirit and interests.


14 posted on 04/24/2013 3:25:33 PM PDT by noinfringers2
[ Post Reply | Private Reply | To 1 | View Replies]

To: noinfringers2
The most resistance to this will come from the papers themselves. Remember, Newsweek sold itself to Daily Beast for a buck rather than sell to conservatives for millions, now it's gone. It's their mindset. They'd rather die than become conservative voices. And die they may.


15 posted on 04/24/2013 3:32:42 PM PDT by Cyber Liberty (I am a dissident. Will you join me? My name is John....)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Kevmo

Agreed.

I’m also a fan of conservative ownership of a major TV network and multiple newspapers.

Fox has made itself an easy target for the left and even though they dominate in the ratings the major advertisers are afraid to run ads on Fox. Fox runs mostly mini “infomercials” while the majors get the very large corporations.

There is another issue among the so called journalists and reporters that work under the current structure. The issue is one of job security.

I believe the only way to break this current structure is for conservative ownership and editorial control of multiple news outlets. This would provide escape routes for those reporters that wanted to have a job so they can do their job.


16 posted on 04/24/2013 3:32:59 PM PDT by Zeneta (No eternal reward will forgive us now for wasting the dawn.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: IBD editorial writer

No, no. Keep up the fear. I want to see Socialist-Leftists falling—left AND right—clutching their chests.


17 posted on 04/24/2013 3:33:58 PM PDT by righttackle44 (Take scalps. Leave the bodies as a warning.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: IBD editorial writer
Granted the news wires and the press are biased Leftward, but I still think this is a mistake. The Washington Times hasn't been all that successful at selling a conservstive paper. It's subsidized by the Moonies. The fishwrap industry is going the way of the buggywhip industry. About the only reason I read my local paper is for the obituaries and the City Council doings. I could get those electronically just as well.
18 posted on 04/24/2013 3:36:55 PM PDT by JoeFromSidney ( New book: RESISTANCE TO TYRANNY. Buy from Amazon.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Rumplemeyer

Sadly the paper that brought us this story, Investors Business Daily, as well as the Wall Street Journal and the Washington Times, all conservative, do not sell like hot cakes. They are all likely read by the same group of people.

I’m convinced that as soon as the owners are outed as conservatives, the message dies because of the messenger.

The only way to break this liberal media control, is to provide sufficient and viable employment for those that have the talent and are tired of the liberal editorial control over their work. Currently, they must stay quiet and go along since they don’t have enough options that will keep them employed.


19 posted on 04/24/2013 3:50:22 PM PDT by Zeneta (No eternal reward will forgive us now for wasting the dawn.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: skeeter
. . .but there was bias going both ways not just to the left.

I can't recall a major newspaper in the past 30 years that showed a conservative bias in its news reporting? Can you give a few examples?

20 posted on 04/24/2013 4:41:22 PM PDT by Misterioso (Islam is anti-American.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: skeeter

“If the Koch brothers can pull this off the country will be immeasurably better off.”

Oh, why not? They already have all the politicians and Lobbyists bought and paid for, they may as well have some media to tell us what we, as ‘conservatives’ are supposed to think/know.

Do remember this, they don’t claim to be conservative, just GOP, are for open borders, every trade deal, amnesty and heavily finance Grover Norquist.


21 posted on 04/24/2013 4:47:26 PM PDT by AuntB (Illegal immigration is simply more "share the wealth" socialism and a CRIME not a race!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: IBD editorial writer

The only way the Koch brothers are going to have success with this, is by also opening their own journalism school to train their reporters, journalists and editors. They should abstain from recruiting journalism graduates from other schools, and instead recruit from those who graduated with other degrees, to attend their journalism school.

Much of the train wreck of modern newspapers is both their radical leftist bent, but also the brittle fundamentalism that there is only one way to run a newspaper, that they are already run that way, that innovation is strictly prohibited, and that even the suggestion of change is an affront that must be discouraged at all costs.

They will salute their business model and go down with their ship before they would consider change, cursing the public for being illiterate baboons who do not appreciate their brilliance, an attitude beaten into them in college journalism schools. And one that is partly responsible for their dinosaur media failure.

One of the few successful newspapers in the US right now is the far more conservative Arkansas Democrat-Gazette, whose hard news format and strict editorial page editor, conservative columnist Paul Greenberg, make it a serious paper of record, with credibility far outside of Arkansas.

Unfortunately for us, but smart for them, they have long had a strict policy against allowing their content online, other than by a paid subscription, and not for republication outside of Mr. Greenberg’s column.

In any event, they should be the basic model for the Koch brothers, then to build up their newspapers with people their school has trained and found acceptable. Simply enough, with a “bachelor’s degree” they can be a reporter; with a “Master’s degree” they can be a journalist; but they need a “PhD” to be an editor.

With their own wire service produced only by trusted reporters and journalists, their news will be unique and extremely valuable for people who want and need news, not leftist agenda, opinion, and prejudice pretending to be news.


22 posted on 04/24/2013 5:24:52 PM PDT by yefragetuwrabrumuy (Best WoT news at rantburg.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AuntB
Thanks. Didn't know much about them, only that the left hates em.

Pro open borders, pro Amnesty is a no-go for me.

23 posted on 04/24/2013 5:42:42 PM PDT by skeeter
[ Post Reply | Private Reply | To 21 | View Replies]

To: Misterioso

You’re right - you’d have to go back to Pulitzer and Hearst to find the kind of diversity I’m referring to.


24 posted on 04/24/2013 5:44:36 PM PDT by skeeter
[ Post Reply | Private Reply | To 20 | View Replies]

To: GeronL

That last is no doubt true, and no doubt irrelevant with respect to moving the ball in the right direction.


25 posted on 04/24/2013 6:07:40 PM PDT by FreedomPoster (Islam delenda est)
[ Post Reply | Private Reply | To 12 | View Replies]

To: skeeter; Misterioso

The last serious “mainstream journalist” who was ‘somewhat’ conservative and had enough clout to affect the rest of the herd was Henry Luce, Editor-in-Chief of Time-Life. When he retired in 1964 and turned the reigns over to Hedley Donvan, the last restraint to the leftward tilt of “news” was gone.

I peg that event and that time period as the inflection point of no return in the history of journalism.


26 posted on 04/24/2013 6:14:54 PM PDT by abb
[ Post Reply | Private Reply | To 24 | View Replies]

To: Zeneta
Sadly the paper that brought us this story, Investors Business Daily, as well as the Wall Street Journal and the Washington Times, all conservative, do not sell like hot cakes. They are all likely read by the same group of people.

Ahhh, the Wall Street Journal has increased its circulation numbers and is currently the number one newspaper, and has been for several years, with more than 2.3 million subscribers (about 800,000 digital subscribers).

27 posted on 04/24/2013 6:20:36 PM PDT by Traveler59 ( Truth is a journey, not a destination.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Traveler59

Fair enough, but selling like hot cakes ?

BTW, I would suggest that the difference between subscribers and actual readers of the WSJ is greater than that of IBD and certainly the Wash. Times.


28 posted on 04/24/2013 6:40:39 PM PDT by Zeneta (No eternal reward will forgive us now for wasting the dawn.)
[ Post Reply | Private Reply | To 27 | View Replies]

To: abb

It was in the early sixties that Otis Chandler became the head of the Los Angeles Times, which railed against the Birch Society and anything smacking of anti-communism, from there on out. That was the beginning of the end for journalism, for me.


29 posted on 04/24/2013 7:24:36 PM PDT by Misterioso (Islam is anti-American.)
[ Post Reply | Private Reply | To 26 | View Replies]

To: Zeneta

Horsefeathers.

All of those publications are strong in their markets, and that is precisely what has liberal journalists whining.

Buy them and turn them around.

I’ll very possibly subscribe to the LA times if they buy it.

I’m series.


30 posted on 04/24/2013 7:28:00 PM PDT by Cringing Negativism Network
[ Post Reply | Private Reply | To 19 | View Replies]

To: Cringing Negativism Network

I might renew the subscription to The Times that I cancelled about 50 years ago, as well. Might, I say.


31 posted on 04/24/2013 7:41:31 PM PDT by Misterioso (Islam is anti-American.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: Jack Hammer
A truly conservative American newspaper would sell like hot cakes.

You mean like the Washington Times, the NY Post?

32 posted on 04/24/2013 7:46:48 PM PDT by ROCKLOBSTER (HEY RATS! Control your murdering freaks.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Texas Fossil

Asspress’ logo should be Pinocchio. They are the biggest craven liars on the planet.


33 posted on 04/24/2013 10:00:20 PM PDT by Luke21
[ Post Reply | Private Reply | To 7 | View Replies]

To: Luke21

Correcto.


34 posted on 04/24/2013 10:04:24 PM PDT by Texas Fossil
[ Post Reply | Private Reply | To 33 | View Replies]

To: IBD editorial writer

We need to organize demonstrations and letter-writing campaigns in support of the Koch brothers.


35 posted on 05/28/2013 3:38:48 PM PDT by TBP (Obama lies, Granny dies.)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson