More Bad News for People that Want Real NewsPosted: April 21, 2013
We’ve certainly seen how the corporate media in the US has turned into tabloid journalism quite quickly with the influence of the likes of Rupert Murdoch in the business of buying everything up. Get ready for more propaganda and less news if this goes through. The Koch Brothers are going after the Tribune family.
Three years ago, Charles and David Koch, the billionaire industrialists and supporters of libertarian causes, held a seminar of like-minded, wealthy political donors at the St. Regis Resort in Aspen, Colo. They laid out a three-pronged, 10-year strategy to shift the country toward a smaller government with less regulation and taxes.
The first two pieces of the strategy — educating grass-roots activists and influencing politics — were not surprising, given the money they have given to policy institutes and political action groups. But the third one was: media.
Other than financing a few fringe libertarian publications, the Kochs have mostly avoided media investments. Now, Koch Industries, the sprawling private company of which Charles G. Koch serves as chairman and chief executive, is exploring a bid to buy the Tribune Company’s eight regional newspapers, including The Los Angeles Times, The Chicago Tribune, The Baltimore Sun, The Orlando Sentinel and The Hartford Courant.
By early May, the Tribune Company is expected to send financial data to serious suitors in what will be among the largest sales of newspapers by circulation in the country. Koch Industries is among those interested, said several people with direct knowledge of the sale who spoke on the condition they not be named. Tribune emerged from bankruptcy on Dec. 31 and has hired JPMorgan Chase and Evercore Partners to sell its print properties.
The papers, valued at roughly $623 million, would be a financially diminutive deal for Koch Industries, the energy and manufacturing conglomerate based in Wichita, Kan., with annual revenue of about $115 billion.
Politically, however, the papers could serve as a broader platform for the Kochs’ laissez-faire ideas. The Los Angeles Times is the fourth-largest paper in the country, and The Tribune is No. 9, and others are in several battleground states, including two of the largest newspapers in Florida, The Orlando Sentinel and The Sun Sentinel in Fort Lauderdale. A deal could include Hoy, the second-largest Spanish-language daily newspaper, which speaks to the pivotal Hispanic demographic.
Charles and David Koch’s money has been instrumental in getting anti-climate politicians into office, and in funding anti-climate science studies. The brothers have also funded with the secretive conservative network ALEC (the American Legislative Exchange Council), which has crafted “model legislation” for voter ID laws that limit voting rights, particularly for low-income people of color. The group was also responsible for the so-called “Stand Your Ground” law that temporarily allowed Trayvon Martin’s killer, George Zimmerman, to walk free.
The brothers also tried to influence the latest election by warning some 45,000 employees that there would be “consequences” if they didn’t vote for Republicans.
The Koch Brothers believe that the ‘conservative’ voice has not been represented in the media. That is an unbelievable statement in the day of Fox, the WSJ, and the NYP which are a little more than propaganda networks that peddle vast right wing conspiracy theories and right wing memes. There are an increasing number of papers I refuse to read and tv news stations that I refuse to watch because they have turned into Pravda of the plutocracy. Then, there is the likes of CNN who is so overly influenced by its need for ratings that it uses similar strategies and voices to ‘compete’.
It’s a sad day for truth, justice and the American Way, folks! Let’s just cross out the word “masses” in that quote from Lenin and put in “plutocracy” and I think we got the message.