Two of the world’s richest — and most controversial — brothers are considering a bid for the Los Angeles Times.
David and Charles Koch, billionaire industrialists who own Koch Industries, America’s second-largest privately held company, have expressed interest in the Tribune Co. newspapers. The Chicago-based empire emerged from a long bankruptcy Dec. 31 and has hired investment firms Evercore and JPMorgan Chase as offers have come in for its print properties.
The Koches, who some sources say are interested in the clout they could gain through the Times’ editorial pages, could bid on their own or combine in a bid with Doug Manchester, the San Diego real estate magnate who bought the San Diego Union-Tribune in November 2011.
READ MORE: Koch Brothers Mulling L.A. Times Bid – The Hollywood Reporter.