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Kochs won’t buy Tribune papers

By Muckety

August 23, 2013 at 5:30am

The Koch brothers have decided not to pursue acquisition of Tribune Company newspapers.

A Koch Industries spokesperson said Thursday that Charles and David Koch had concluded that the purchase was “not economically viable.”

Tribune Company, owner of such major newspapers as the Chicago Tribune, the Los Angeles Times and the Baltimore Sun, emerged from bankruptcy last year.

Although they’ve lost interest in those publications, the Kochs haven’t ruled out future media acquisitions.

According to the Koch Industries statement: “Koch continues to have an interest in the media business, and we’re exploring a broad range of opportunities where we think we can add value.”

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