Koch Industries Backs Away From Bidding for Tribune’s Newspapers
Posted: 8/23/2013 | By: Nick Turner | Bloomberg
Koch Industries Inc., which drew
protests earlier this year over speculation that it might buy
the Los Angeles Times or other Tribune Co. (TRBAA) publications, said
it’s no longer interested in bidding for the newspapers.
Melissa Cohlmia, a spokeswoman for the Wichita, Kansas-based company, confirmed a report yesterday from the Daily
Caller website saying that Koch Industries wouldn’t be buying
any of Tribune’s daily newspapers after conducting a review.