Tribune CEO Says Protest Over Koch Newspaper Sale Is Premature

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By: Edmund Lee | Bloomberg

Tribune Co. (TRBAA) Chief Executive Officer Peter Liguori, responding to a protest over a possible sale of the Los Angeles Times to Koch Industries Inc., said speculation over potential buyers of the company’s papers is “premature.”

The Los Angeles County Federation of Labor rallied this week outside the offices of Tribune Co. investor Oaktree Capital (OAK), trying to ward off a sale of the Times to Koch Industries, a privately held company controlled by the billionaire Republican donors Charles and David Koch.

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