Category Archives: Koch Brothers

Dem senator defends the Koch brothers

Politico

Sen. Joe Manchin on Thursday strongly defended the Koch brothers from attacks by fellow Democrats, saying the wealthy and politically active businessmen are taxpaying Americans who are creating jobs.

“People want jobs. You don’t beat up people. I mean, I don’t agree with their politics or philosophically, but, you know, they’re Americans, they’re doing— paying their taxes,” Manchin said on Fox News’s “Fox & Friends.”

“They’re not breaking the law. They’re providing jobs,” he added.

When asked whether Senate Majority Leader Harry Reid’s attacks on the Koch brothers “helps or hurts the cause for the country and the Congress,” the West Virginia senator said it’s people in the middle that need to be reached.

“If you’re trying to rally the base, the bases have already been rallied. The right and left bases have been rallied,” Manchin said. “It’s us in the middle that have to start making something happen here in Washington to move this country forward.”

Machin, who also served as governor of West Virginia, said harsh rhetoric from either side does little to help the country.

“Right, wrong or indifferent, whether you like the politicians, or not. There’s people who don’t like the extreme Democrat politics or extreme Republican politics, we got to start being Americans again,” the senator said.

A spokesman for Koch Industries said Manchin’s comments likely reflect what others, on both side of the aisle, are thinking and that “it’s about time” somebody spoke out.

“My guess is that Sen. Manchin has expressed a point of view that a lot other senators — Democrats, Republicans — have probably wanted to say and haven’t,” Steve Lombardo said.

A request for comment from Reid’s office was not immediately returned.

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Filed under Koch Brothers, Sen. Joe Manchin

Charles Koch Is Sick Of ‘Collectivists’ Calling Him ‘Un-American’

Charles Koch, CEO of Koch Industries

Koch needs to stop whining.  “If the shoe fits...”

It’s ironic how he uses the derogatory term collectivists while decrying people calling him the equally derogatory term “un-American“.  It appears his premise is simply “I can call you names but how dare you call me names.”

The Huffington Post

Charles Koch has apparently had enough of “collectivists” criticizing his “un-American” ways.

In an opinion piece published online Wednesday in The Wall Street Journal, the billionaire backer of conservative candidates and causes came to his own defense, claiming he only seeks to uphold the principles of “dignity, respect, equality before the law and personal freedom,” which he said he believes “are under attack by the nation’s own government.” He defined collectivists as “those who stand for government control of the means of production and how people live their lives.”

Koch and his brother, David Koch, are under increasing attack by Democrats. Senate Majority Leader Harry Reid (D-Nev.) and others have taken to the Senate floor and other platforms to accuse the brothers of trying to “buy America.”

Koch claimed his critics “strive to discredit and intimidate opponents.”

Rather than try to understand my vision for a free society or accurately report the facts about Koch Industries, our critics would have you believe we’re “un-American” and trying to “rig the system,” that we’re against “environmental protection” or eager to “end workplace safety standards.”

Far from trying to rig the system, I have spent decades opposing cronyism and all political favors, including mandates, subsidies and protective tariffs — even when we benefit from them. I believe that cronyism is nothing more than welfare for the rich and powerful, and should be abolished.

The Koch brothers have backed multi-million dollar attack blitzes slamming Democratic candidates and President Barack Obama’s signature health care legislation. In the wake of Reid’s recent criticism, the brothers are funding a group in Nevada to run attack ads against the Senate majority leader.

Reid and his backers show no signs of retreat.

“There have been times in my life I’ve been a little afraid,” Reid said Tuesday on the Senate floor. “But I’m not afraid of them.”

Read the full op-ed at The Wall Street Journal.

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Charles Koch Says The Poor Have It Really Good So They Need to Stop Complaining

Charles Koch

A severe case of myopia and lack of empathy encompasses “the rich” when it comes to “the other”?   I’m reminded of parable verse I first heard in the Lutheran elementary school I attended way back when:

And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.  Matthew 19:24 (KJV)

PoliticusUSA

Poverty is a condition that refers to the general dearth of material possessions or money that prevents people from having access to basic human needs such as food, water, sanitation, clothing, shelter, health care, and education. It is a sad fact of life that in the richest nation in the history of the world, an inordinately high number of Americans live in abject poverty and do not have the means to provide their families with fundamentally basic needs of food, shelter, or healthcare. It is little surprise that Republicans are planning to increase the number of Americans living in poverty according to their intent to eliminate the nation’s anti-poverty programs, and it is not because the country is broke as Republicans are wont to claim.  It is more likely due, in part, to one of the two richest men in the country who claims the tens-of-millions of Americans living below the poverty line need to shut up, stop complaining, and start celebrating their good fortune as members of the richest one-percent in the world.

First, it is important to note that poverty, at least relative poverty, is generally defined by reputable economists contextually as economic inequality in the location or society in which people live, and in that context, it is likely that more than half of the American population is living in poverty. Charles Koch completely disagrees and last year his foundation produced a commercial stating that a family earning $34,000 annually are part of the richest one-percent in the world; especially when compared to developing third world nations and countries such as China and India where the majority of the population lives in absolute squalor.

It is not just Charles Koch, another wealthy CEO, Bud Konheim,said just last month that “We’ve got a country that the poverty level is wealth in 99% of the rest of the world, so we’re talking about woe is me, woe is us, woe is this. The guy that’s making, oh my God, he’s making $35,000 a year, why don’t we try that out in India or some countries we can’t even name. China, anyplace, the guy is wealthy.” Except Americans living in poverty do not live in China or India, or third world nations; they live in America where according to the Economic Policy Institute, a family of three would have to earn at least $48,000 annually just to afford the basic necessities to survive such as food, housing, and healthcare. Another organization, the Working Poor Families Project, estimates that the required income to meet the most basic survival needs is $45,000 annually; America’s median household income is approximately $51,000.

If the measure of poverty in America was not based on economic necessities for living standards during the 1950s and 1960s and applied to living costs today, the federal poverty level would exceed three times the current levels meaning that over half the nation is living below poverty. Simple arithmetic informs that if the current measure for a family of three earning 100% of the federal poverty level is $19,790 annually and exactly three times that figure is $59,370, then well over half the American population is, undoubtedly, living in poverty if the median income is $51,000.

It is astounding, but poverty measures are still based on food costs of the 1950s that have at least doubled, housing that has more than tripled, and healthcare costs that are six times higher than they were in the late 1970sAccording to the Congressional Research Service, “The poverty line reflects a measure of economic need based on living standards that prevailed in the mid-1950s…It is not adjusted to reflect changes in needs associated with improved standards of living that have occurred over the decades since the measure was first developed. If the same basic methodology developed in the early 1960s was applied today, the poverty thresholds would be over three times higher than the current thresholds.” According to Bureau of Labor Statistics and Census Bureau calculations, a median family income of $51,000 willbarely cover food, housing, health care, transportation, taxes, and other household expenditures in America; not China, India, or any sub-Saharan developing country. Between 2000 and 2011, the “official” poverty rate increased 25% with children and senior citizens being impacted the most drastically. Using the official poverty rate, 55% of seniors and 60% of children are considered very poor using “relative poverty” as a measure. For elderly women the figures are worse with Wider Opportunities for Women reporting that “60% of women age 65 and older who live alone or live with a spouse have incomes insufficient to cover basic, daily expenses,” but according to Charles Koch they are members of the richest 1% in the world.      [Ed.: Emphasis is mine]

Continue reading here…

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After Getting Pummelled By Fact Checkers Koch Brothers Dump Obamacare Horror Story Ads

Koch-fail

PoliticusUSA

The Koch brothers spent millions of dollars on ads that focused on bogus ACA horror stories, but after being eviscerated by fact checkers, the Koch boys have changed their course.

The infamous cancer Obamacare victim ad that Sarah Jones described as, “An ad so misleading that even conservatives won’t back its Obamacare claims. In the Americans for Prosperity ad aimed at destroying Michigan Democratic Senate candidate Rep. Gary Peters, Julie Boonstra inaccurately claims that Obamacare is threatening her cancer treatment and that it “jeopardized my health.”

It turns out that Boonstra was a Republican through and through, and her story of ACA victimization was widely debunked by fact checkers everywhere because it failed to mention that Boonstra would save $1,200 on her health insurance premiums under Obamacare.

The Koch funded ad completely backfired in Michigan, and has helped its target, Democrat Gary Peters, to lead the U.S. Senate race.

These completely fabricated tales of Obamacare woe have been turning up in states all across the country, and they have been called out for being false at every turn.

Because of the negative backlash, it appears that the Koch brothers are trying a new approach. Instead of claiming that the ACA will literally kill you, Koch money is now being spent on ads that argue that the law doesn’t work.

Here is the latest ad:

Notice the difference? The new ads have retreated back to the same widely debunked lies about millions of people losing their health insurance. The Kochs have been reduced to treading over the same old tired ground that Republicans have been working for the past four years.

The dramatic tales of Obamacare killing granny are out, and in comes the same batch of lies that almost destroyed the Republican Party during the government shutdown last fall.

Koch front group, Americans For Prosperity, denied to TPM that they were changing tactics, “We are currently on-air with many different types of ads, including personal testimony of Obamacare impact. This is the same strategy we’ve been using for 6 months. This does not represent a shift in strategy.”

The Koch strategy of claiming that Obamacare will kill you has completely failed. Judging by the millions who are still flocking to sign up for the ACA, people don’t believe what the Kochs are selling.

One of the biggest signs of their defeat is the desperate manner in which the right is flailing about trying to find that one Obamacare lie that will carry them to victory.

The Koch brothers had their lies called out, so they changed tactics. Like copies of copies, each new tactic is weaker than the previous attempt. It all appears to be a futile effort. Not even the Koch billions can stop the Obamacare lies from slowing fading away.

The truth is that the stench of defeat has once again consumed both the Republican Party and their billionaire puppeteers.

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The Koch Brothers’ ‘Obamacare Victim’ Owns Property with the County GOP Party Chair

julie boonstra

Julie Boonstra

Is anyone really surprised at this news?  This is how the Koch Brothers and the GOP operate…

PoliticusUSA

It’s an ad so misleading that even conservatives won’t back its Obamacare claims. In the Americans for Prosperity ad aimed at destroying Michigan Democratic Senate candidate Rep. Gary Peters, Julie Boonstra inaccurately claims that Obamacare is threatening her cancer treatment and that it “jeopardized my health.”

She said her life was on the line due to Obamacare, “Now, the out-of-pocket costs are so high, it’s unaffordable. If I do not receive my medication, I will die.” That’s a really strong accusation, so it drew a lot of attention, and it turned out to be more Koch brothers baloney.

When called out on the facts, the Koch Brothers SuperPAC, Americans for Prosperity, and the GOP claimed people were picking on a cancer victim, as if they couldn’t tell the difference between personal attacks and fact-checking.

But Chris Savage, publisher of EclectaBlog, revealed that the alleged “Obamacare victim” from the Koch Brothers ad shares property in Dexter, Michigan with former Washtenaw County GOP chair, Mark Boonstra.

Savage wrote on his site EclectaBlog that it seems like more than just the AFP are taking advantage of Julie Boonstra:

As far as Julie Boonstra being taken advantage of, I don’t think it’s just AFP that’s involved. She owns a home property with the former chair of the Washtenaw County Republican Party Mark Boonstra, a vacant lot next to Mr. Boonstra’s Dexter home.

Dexter is a very small town outside of Ann Arbor.

Mr. Boonstra is no political novice. He has a bachelor’s degree in political science, a master’s degree in applied economics and a law degree from the University of Michigan.

And he’s no non-partisan. Mr. Boonstra is a member of the self described conservative and libertarian Federalists Society. In 2012, Mr. Boonstra was appointed by Republican Governor Rick Synder to serve on the Michigan Court of Appeals. This makes sense, since Boonstra is from the Ann Arbor area, as is Rick Synder. Boonstra resides in Dexter, which is just outside of Ann Arbor, and is also the location of the property he shares with the “Obamacare victim”.

Boonstra was also the Washtenaw County GOP Chair.

From his bio, “Boonstra has served as senior principal for the Miller Canfield law firm, located on Main Street in downtown Ann Arbor, since 1985. He previously worked as a law clerk for Judge Ralph B. Guy Jr. of the U.S. District Court, Eastern District of Michigan.”

The law prohibits coordination between a political party or candidate’s campaign and a PAC. This is exactly what got True the Vote in trouble, when the tea party group was ruled by a judge to have engaged in illegal activities by supporting Republicans in Texas. This same group then presented themselves as “victims” of the IRS, and the media sold that to the people as proof of the IRS targeting conservatives. This lie has since been thoroughly debunked.

Mr. Boonstra’s close association with the debunked ‘Obamacare victim’ in the ad brings up the question of whether or not the Republican Party is coordinating their ads with Americans for Prosperity. If they are, that’s a violation of the law. And it also suggests that it’s not that easy to find someone to star in their ads full of lies.

In this case, it’s tough not to feel for Julie Boonstra, who is already in a fight with cancer. To add insult to injury, she was then used in a commercial notorious for being deceptive.  Most likely she had no idea of the facts, and is just another misled victim of the corporate campaign to steal healthcare from the people. The people who used her thusly owe her a public apology. She got it wrong, but she was scared. People who knew better exploited her.

The attention should be on Boonstra’s association with the GOP party chair, and whether or not he coordinated with Julie Boonstra or AFP or the Koch Brothers or their associates in any way in order to create this ad.

Note: EclectaBlog has a screengrab of the property records in which they redacted personal info, which I verified directly. I am not linking to those records directly for privacy reasons.

H/t: DB

You may also be interested in…

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Watch The Daily Show mock the Kochs’ meddling in small-town politics

“From Funding Climate Deniers to Shadowy Groups, Koch Brothers Network Spent $400 Million in 2012″ | Democracy Now

The Week

Jon Stewart talks about the mess in Syria, but Jason Jones steals the show from Coralville, Iowa

Jon Stewart started out Wednesday night’s Daily Show with an update on the situation in Syria — the spinach the audience had to sit through, he quipped, before they got their dessert, guest George Clooney. Things aren’t going well in Syria, he noted, with the recent United Nations–supported Geneva II peace talks ending in failure, leaving no end to the bombings, starvation, disappearances, and other assaults on Syria’s civilian population. (Watch below)

Things are so bad in Syria, Stewart noted, that al Qaeda leader Ayman al-Zawahiri had to disown the Islamic State of Iraq and the Levant (ISIL), a brutally violent al Qaeda–affiliated group trying to overthrow Syrian President Bashar al-Assad. This schism in the terrorist group is a major challenge to Zawahiri’s authority — a fact that doesn’t exactly win sympathy points from Stewart.

For more on the situation in Syria, Stewart turned to Senior Foreign Correspondent Samantha Bee, live from “Beirut.” She coined a phrase — TINOs (terrorists in name only) — saying that’s what ISIL is calling al Qaeda’s central management. She then ended the segment with al Qaeda’s response to this inter-operational challenge: A recruitment video, eerily similar to a famous Apple add, for terrorists who respect “a well-established chain of command.” Watch:

The highlight of Wednesday’s show, however, was Jason Jones’ excursion to Coralville, Iowa, a town of 20,000 that had a nasty mayoral race last cycle. (Watch above) Jones talks to Mayor John Lundell, who was the recipient of a sleazy direct-mail campaign. It’s a classic Jones interview, ending with the mayor laughing and uttering a mild explicative.

Jones moved on to a city council candidate, Chris Turner, who was supposed to benefit from the mailings. Turner had nothing but nice things to say about the incumbents who beat him, including Lundell. Only then did Jones unveil the source of the attack ads: brothers David and Charles Koch and their deep-pocketed super-PAC, Americans for Prosperity. “Tired of losing in big national elections,” Jones explained, “they’re embracing a new strategy of buying wins in local races, using national-style cutthroat tactics.”

The tactic didn’t work in Coralville, or anywhere else it turns out. Turner says that when Americans For Prosperity entered the race, it was “kind of like being endorsed by Charles Manson.” He tied for last place. To find out why these “yokels” didn’t “embrace the future of small-town attack-ad politics,” Jones interviewed “big city super-PAC sympathizer Matthew Vadum,” a conservative author and polemicist.

At this point in the interview you have to wonder why conservatives agree to appear on camera with The Daily Show. Vadum, though, took to his assigned role with relish. He called (presumably) the residents of Coralville “small-minded” for rejecting attack politics, and defended the misleading mailers by arguing that private organizations have the right to try and influence elections. That takes a bit of showmanship, Vadum added.

So Jones confused everyone at a Coralville town hall meeting by doing a song-and-dance number, a la Harold Hill in The Music Man. Yeah, I don’t know what to make of it either. He then confronted Vadum with Turner’s statement that he’s happy he lost, since it might help shoo the Koch brothers away from Coralville. Vadum said Turner took the wrong lesson from the election.

When Jones asked what the right lesson would be, Vadum was stumped for a comically long time, then finally offered this: “There’s nothing he can do about another group coming in.” That’s probably bad for small-town America, but promising fodder for Daily Show writers down the road.

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Bernie Sanders Exposes Ted Cruz and Explains Why He is a Koch Fueled Threat to Democracy

sanders-cruz-ed

Sen. Bernie Sanders (I-VT)

PoliticusUSA

Sen. Bernie Sanders (I-VT) connected the dots and explained that by blocking Tom Wheeler’s FCC nomination, Ted Cruz revealed himself to be a Koch fueled threat to democracy.

Video:

Ed Schultz asked Sen. Sanders about Ted Cruz blocking the nomination of Tom Wheeler to be the chairman of the FCC.

Sanders answered,

What Sen. Cruz is talking about is an issue of huge huge consequence. At the end of the day, these guys have gotten Citizens United, and that means that the Koch brothers, Sheldon Adelson, and all of these guys can spend hundreds and hundreds of millions of dollars on political campaigns often without any disclosure. They want to go further. What they want to do is they want to make sure that individuals will be able to spend as much money as they want on campaigns, giving money to individuals without any disclosure whatsoever.

So ultimately what they are about is creating a campaign finance system where billionaires can spend unlimited sums of money on campaigns and candidates electing the people that they want. That is not in my view a democracy. That is called oligarchy, where the nation is run by a handful of billionaires, and the democratic foundations of this country are totally subverted.

Now what Sen. Cruz is here talking about, he is really outraged by the fact that the FCC is supporting a rule, which says that if you are putting ads on television in the 50 largest media markets in this country that they’re going to put that information on their website, so that the American people know who is in fact, funding these ads. In my view we should see that, not only in 50 largest markets, but all over this country. Not only on television, but on radio.

The bottom line here is that what Sen. Cruz and his friends want is a campaign system where a few billionaires can spend unlimited sums of money without any disclosure at all. That is what they want, and have we’ve got not only to defeat that, but we need the alternative, which is overturning Citizens United, and which is moving forward toward the public funding of elections.

Sanders explained that the same people who are trying to create an oligarchy also want to cut entitlements. Sen. Sanders pointed out that Ted Cruz would be easy to defeat at the ballot box, but he and his right wing billionaire funded friends are having some success with dragging Democrats to the right on Social Security and Medicare.

It’s all connected. If you want to keep Social Security and Medicare, you need to demand the overturn of Citizens United. If you want a federal government that represents the many instead of the wealthy few, the country needs to move to publicly funded elections.

Ted Cruz is the most dangerous of the Republican Koch puppets because he is attacking the very heart of our representative democracy. Cruz has been a godsend for Democratic fundraising, but he is no joke. The Senator from Texas isn’t Sarah Palin, and by blocking the Wheeler nomination, Cruz demonstrated that he is more than willing to deliver control of the United States government over to a few conservative billionaires.

Dismissing Cruz would be a mistake. Sen. Sanders has it right. The American people must stand up and fight.

 

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Obamacare fight gets too hot for Kochs: We’re not backing GOP’s shutdown tactics

Koch brothers

The Raw Story

As the government shutdown moved into the ninth day on Wednesday, even conservative billionaire brothers Charles and David Koch appeared to be abandoning Republican lawmakers who were trying to use the tactic to derail the president’s health care law.

NBC’s Michael Isikoff reported that Koch Industries, which is privately owned by the activist brothers, sent a letter to members of Congress, insisting that “Koch has not taken a position on the legislative tactic of tying the continuing resolution to defunding Obamacare nor have we lobbied on legislative provisions defunding Obamacare.”

Phillip Ellender, the company’s president of Government and Public Affairs, instead declared that the company had put its emphasis on “reducing our nation’s debt and controlling runaway government spending” with the hopes of never needing to raise the debt ceiling again in the future.

“Congress should focus on these efforts: balancing the budget, tightening and cutting government spending, curbing cronyism, and eliminating market-distorting subsidies and mandates,” Ellender wrote.

The letter was prompted by Senate Majority Leader Harry Reid’s (D-NV) charge on the Senate floor on Tuesday that the Koch brothers “have been raising and spending hundreds of millions of dollars to get us to where we are right now.”

Isikoff told MSNBC’s Tamron Hall that the Koch Industries letter was fascinating because groups funded by the Koch brothers had spent more than $200 million in an effort to repeal the Affordable Care Act.

And those groups had pushed the tactic of “defunding the government as a wedge to get Obamacare defunded,” Isikoff explained. “Now, here we have the Koch brothers, who in some ways helped foster that movement, saying, ‘Whoa, slow down, we’re not there, that’s not what we think Congress should be focusing on.’”

Watch this video from MSNBC, broadcast Oct. 9, 2013.

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Inside the NRA’s Koch-Funded Dark Money Campaign

Man holding guns

Illustration: Mark Matcho

Anything that’s “Koch-funded” implies dark money

Mother Jones

“This election is going to be won on the ground,” Chris Cox, the National Rifle Association’s top lobbyist, told me early last year as the gun lobby prepared to launch its all-out campaign to defeat Barack Obama. Historically, pro-gun voters have favored Republicans by a margin of 2- or 3-to-1, but that only matters if they vote. And, Cox stressed, millions of gun owners were not registered yet.

The NRA’s get-out-the-vote effort, its most ambitious ever, would target gun owners from all angles. Its field workers would register them at gun shows and gun shops in battleground states such as Florida, Ohio, and Virginia. The NRA spent millions on TV spots; one seven-figure ad buy last October attacked the president for “chipping away” at Second Amendment rights, urging Americans to “defend freedom.” Chuck Norris, a spokesman for the NRA’s Trigger the Vote campaign, warned apathetic gun owners, “I’ll come looking for the people who sat this election out.”

Mobilizing the NRA’s estimated 4 million members “is always a critical part of the equation for us on the Republican side,” says Charlie Black, a veteran GOP operative who was an adviser to Mitt Romney’s and Sen. John McCain’s presidential campaigns.

But 2012 was different: The NRA wasn’t simply reaching out to its core constituency—it was reeling in big checks from conservative funders eager to take advantage of its grassroots muscle. The arrangement was mutually beneficial: The NRA burnished its reputation as a political force to be reckoned with, while donors invested in the kind of all-out GOTV effort they had once expected from the Republican Party itself.

Continue reading…

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Koch Brothers eye L.A. Times, other Tribune newspapers: sources

David Koch, executive vice president of Koch Industries, applauds during an Economic Club of New York event in New York, December 10, 2012. REUTERS/Brendan McDermid

Good luck with that, fellas…

Reuters

Charles and David Koch, two of the world’s richest men, are interested in Tribune’s newspaper assets, which include the Los Angeles Times and the Chicago Tribune, according to sources familiar with situation.

Earlier on Tuesday, L.A. Weekly reported that the Koch brothers were rumored to be interested in either all of the Tribune company, which includes 23 TV stations and national cable network WGN American, or the Tribune newspapers. The report also cited “another rumor” from a Los Angeles Times editorial board member that the Koch brothers are helping U-T San Diego newspaper owner Doug Manchester finance a bid.

According to one of the Reuters sources, the Koch brothers are not interested in Tribune’s other assets – which include the broadcast TV stations. Tribune, based in Chicago, owns eight major dailies, including The Baltimore Sun and Hartford Courant.

Manchester said in statement: “We are looking forward to opportunities to employ our cross-media strategy in other markets. We have no partnership with Koch Industries or with the Koch brothers, and we don’t anticipate any such arrangement. If we were to become involved in the sale of the Tribune Company or any other media assets, we would be glad to comment at the appropriate time.”

Melissa Cohlmia, a spokeswoman for Koch Companies Public Sector, said in a statement: “As an entrepreneurial company with 60,000 employees around the world, we are constantly exploring profitable opportunities in many industries and sectors.

“So, it is natural that our name would come up in connection with this rumor. We respect the independence of the journalistic institutions referenced in today’s news stories, but it is our long-standing policy not to comment on deals or rumors of deals we may or may not be exploring.”

Tribune spokesman Gary Weitman said the company does not comment on speculation.

The Koch Brothers – worth $34 billion, making them the world’s sixth-richest men, according to Forbes magazine – would have more than enough room to make a bid for all of Tribune’s newspapers.

Tribune’s newspapers are profitable and estimated to be worth $623 million, according to a report by Lazard, its financial adviser.

The brothers are the owners of Koch Industries, a sprawling conglomerate whose holdings include crude oil and natural gas pipelines, paper products like Dixie Cups and Angel Soft toilet tissue, and cattle ranches.

They are known for their conservative views and on the Koch Industries website explain that economic freedom means that “government is kept small and limited to those activities that contribute to societal well-being, rather than undermine it.”

Other notable names such as Warren Buffett and News Corp’s Rupert Murdoch have surfaced as possible buyers for some of Tribune’s dailies. Aaron Kushner, the owner of the Orange County Register near Los Angeles, said he was “prepared to take a serious look” at Tribune’s newspapers in December.

The newspaper industry is once again becoming a hive of activity as several big city papers hit the auction block while other smaller newspapers have been snapped up by the likes of Buffett.

Tribune is the latest example of a company exploring a sale of its newspapers. The New York Times announced in February it was putting The Boston Globe and other properties in New England up for sale.

 

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