The papers are valued together at roughly $623 million, making this purchase one of the largest sales of newspapers in history. The Koch’s are looking to offer over $1 billion to secure their status as the highest-bidder.
Most of these publications bash Republican political efforts on a regular basis. One immediate headline on the website for the Los Angeles Times (which caters to the liberal haven that is California) reads “Ridiculous Republican rhetoric undermines Benghazi probe.” The Los Angeles Times is California’s most popular and widely circulated paper, and if the Koch brothers get their way, they will embark on a quest to reverse the views of easily the biggest and most dedicated liberal base on Earth.
California first got word of the plan about two months ago thanks to a report from L.A. Weekly. This inspired liberal website Daily Kos and liberal advocacy group Courage Campaign to start a petition against the purchase. They have since collected thousands of signatures against the deal, many of which were given by people who are willing to cancel their subscription to the Los Angeles Times if the Koch brothers buy the control of its content.
And the staff of the Los Angeles Times isn’t too happy about this prospective purchase either. When news of the Koch’s interest in their paper reached the office, columnist Steve Lopez asked his colleagues for a show of hands as to how many of them would seriously quit their jobs if the Koch’s bought the paper.
According to a report from The Huffington Post, “About half the staff raised their hands.”
It would actually be quite amusing to see how the Koch’s would alter the content of Hoy to convince the largely-liberal Hispanic population of this country that the politicians who think that immigrants and their children shouldn’t have the same rights as American citizens are really the good guys.
Conservative journalists would of course welcome the resignation of liberal journalists in addition to the Koch’s influence on content. Cal Thomas of the Chicago Tribune recently wrote a piece reacting to the exciting possibility of the Koch brothers taking over and seeing liberal journalists quit their jobs as a result.
He even alludes to the idea that part of the reason the newspapers aren’t doing as well as they used to is because so many people are turned off by their blatantly liberal biases. Thomas claims that the Koch brothers will remove the papers’ liberal screen so the news can be reported truthfully and without bias.
But considering what the Koch’s have done to every industry they assume control over, it’s difficult to believe that the newspapers they would own would suddenly produce unbiased reports. The Koch’s business wouldn’t be anywhere near as successful as it is today if an overwhelming majority of this country believed in global warming, saving the environment and government regulations to limit what private companies can do with their money.
They make a living out of shifting the public’s values away from these principles and as long as they want to keep making obscene amounts of money, that’s just what they’ll to do with the pages of the eight major publications they will soon own.