Koch Brothers Put in Bid for Tribune Newpapers

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Two conservative brothers could be the future owners of eight large newspaper branches owned by the media giant, The Tribune Company.

Billionaire libertarians Charles and David Koch are exploring a bid that would buy the LA Times, The Chicago Tribune, The Baltimore Sun and more.

It's part of a three-pronged, 10-year effort to shift the country back to smaller government with fewer regulations.

"As an entrepreneurial company with 60,000 employees around the world, we are constantly exploring profitable opportunities in many industries and sectors," Melissa Cohlmia, a spokeswoman for Koch Companies, said. "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 the news stories," Cohlmia continued. "But it is our longstanding policy not to comment on deals or rumors of deals we may or may not be exploring."

The papers are valued at roughly over $600 million. It would be among the largest sales of newspapers in the country.

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