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Koch Brothers Decide Not To Buy Tribune Co's Newspapers-Reuters


Thursday, 22 Aug 2013 10:19pm EDT 

Reuters reported that Charles and David Koch have walked away from talks to buy the Tribune Co's newspaper assets, concluding that the papers were not economically viable. Their company, Koch Industries, continues to have an interest in the media business and is exploring a broad range of opportunities, spokeswoman Melissa Cohlmia said, confirming a report on their Tribune decision by the Daily Caller news website. The Daily Caller said the brothers had decided not to pursue the newspapers, which include the Chicago Tribune and the LA Times, as Tribune Co plans for them to be separated from web sites like CareerBuilder.com which could leave the newspapers without an important source of revenue. 

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