Hey, remember last week, when the newspaper reporter was named 2013′s worst job of the year–outranking lumberjack, actor, and even soldier? Remember 2007, when the Wall Street Journal, one of the most prominent financial newspapers in the world, was bought out by none other than Rupert Murdoch? And remember those couple of newspapers that were forced to go out of business because nobody was buying their paper copies?
You probably know the Tribune Company by their papers–the Los Angeles Times, the Chicago Tribune, and the Orlando Sentinel, among others. Well, as it turns out, it isn’t just small papers that are going out of business. The Tribune Company is seeking new investors for its remodeled platform, formed after going into bankruptcy in 2008. The leading contenders for stakes in the Tribune Co. are the Koch brothers.
Yeah, those Koch brothers. The starting bid for the Tribune Co.? $600 million. But that’s nothing when you realized that David and Charles Koch are worth a combined $62 billion.