|David and Charles Koch.|
Charles and David Koch want to buy the Broward based Sun Sentinel, among other newspapers. I want to propose that they also buy this blog. I will sell my half for a pittance.
Do we really want these guys in the newspaper business. Haven't they done enough to disrupt America?
Looks like Charles Koch is the bigger troublemaker from this graphic (above). If you look at all these right wing think-tanks that he funds, it makes the thought of his running a newspaper that much more scary. All of these think-tanks will have easy publication opportunities in the mainstream media if the brother's own the newspapers. This would be much worse than Rupert Murdoch owning the Wall Street Journal. Looks like I am not the only one that thinks this buy is a bad idea. The Los Angeles Times reports:
California legislative leaders and 10 public employee unions announced opposition Wednesday to any sale of the Los Angeles Times and other Tribune Co. newspapers to a pair of wealthy brothers who fund conservative causes. In a letter dated Tuesday to Bruce Karsh, president of Oaktree Capital Management, the largest shareholder in Tribune Co., and chairman of its board of directors, the unions said David and Charles Koch are "anti-labor, anti-environment, anti-public education and anti-immigrant."
|William Koch at his West Palm Beach office. Yes, that is the America's Cup in the background.|
This is from a recent interview with William Koch - the other Koch brother:
I’d been in the alternative energy business. We had owned seven power plants, almost all of them except for one was alternative energy. I owned three in Nevada, two in the Phillippines, two in Costa Rica, and I had an investment in a wood-fired power plant in Maine. So we knew the economics of these plants pretty well. I had my staff put together an economic analysis of an offshore wind farm and found out that unless you got a huge government subsidy it wasn’t going to be economical. You’d have to get 25 cents a kilowatt hour when the market in Massachusetts was 7 or something. I looked at it and said this is uneconomical unless you get some real fat contracts or a big government subsidy.
It is amazing how Libertarians all subscribe to government handouts...to themselves.
And, the rich keep getting richer, William Koch just won punitive damages in the amount of $12 million dollars in his lawsuit over vintage wines. "Koch said he planned to use the $12m to continue his crusade to clean up the wine auction industry..." Worthy cause? Sounds like "Let them eat cake" to me.