Green Room

New liberal idea: Let’s raise $660 million online in a month to buy the LA Times before the Koch brothers can

posted at 10:19 am on May 17, 2013 by

Via Mediaite, it’s so crazy it just. might. work.

I appreciate the analogy of the Kochs to Bond villains, though. That’s a nifty way to capture the cartoonish malignancy that leftists impute to them to render them a more usable hate object.

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This is what passes for objectivity on the left. Why not just make it a house organ of the Democratic Party? Not “objective” enough?

flataffect on May 17, 2013 at 6:54 PM

seems like an April fool joke that grew legs.

think about it the 660m would be petty cash for either Bloomberg or Soros, so why don’t they buy it? because it’s not worth 500m much less 660m

RonK on May 17, 2013 at 7:27 PM

Go for it. Raise the money and piss it away.

talkingpoints on May 17, 2013 at 8:52 PM

Perfect. The Amtrak of journalism – because everyone likes their news delivered late.

ericdijon on May 17, 2013 at 9:23 PM

Proof positive that liberals know and love that the media is liberal and want to keep it that way.

The Notorious G.O.P on May 17, 2013 at 9:50 PM

Yea! A community newspaper that embraces truth, freedom and diversity! Except no conservatives allowed. No white people except left wing nut cases. No actual unbiased people who care about the real truth. Nobody with any complaints about Obama or Boxer, or Feinstein or Villaragosa. Only certified donors to progressive causes. And for God’s sake nobody from TX, OK, any Southern state. Or Alaska. Prefer owners of Volvo and Subaru station wagons.

Check out http://www.patterico.com for an every lengthening list of blog posts about the daily fishwrap known as the LA Times.

in_awe on May 17, 2013 at 11:04 PM

Never mind the Koch brothers haven’t even said they wanted the paper. If they did purchase the paper, think how many people would continue to have jobs……just sayin

Delsa on May 18, 2013 at 2:56 AM

That reminds me … whatever happened to all that “occupy” money?

Lost in Jersey on May 18, 2013 at 6:39 AM

Could be a good thing: progs buy the paper and run it even further into the ground, then the Kochs buy it at an even lower price.

PersonFromPorlock on May 18, 2013 at 6:58 AM

After one day of fundraising (when everyone is excited), they’re on pace to raise…$2.2M.
If they keep pace with that first day.

22044 on May 18, 2013 at 8:15 AM

Green Room
New liberal idea: Let’s raise $660 million online in a month to buy the LA Times before the Koch brothers can

And when it rapidly goes bankrupt again for the same reasons, the Koch brothers can buy it even cheaper and the left is out half a billion in campaign funds. Brilliant!

Count to 10 on May 18, 2013 at 8:32 AM

Why not $666 million?

Bad optics?

LoganSix on May 18, 2013 at 9:12 AM

Step 1: Raise 660 million dollars.

Step 2: Spend every penny of that buying the Tribune Company newspapers.

Step 3: Watch the companies that are losing 30 million a year continue to lose 30 million a year… that you don’t have because you spent everything you had.

So, how long do they stay solvent in this deal losing almost 3 million a month? Does anyone have a plan for covering that 3 million a month in losses?

I think Koch Brothers have a couple million to spend to cover losses and a plan/hope to turn it around eventually; they’re probably capable of keeping it solvent for a bit… how does this plan stay solvent for 3 months much less longer?

IS this a plan for near immediate bankruptcy? Or will the people who dropped 660 million collectively pony up another 30 million for operating costs so they can continue to lose money?

If your business plan is to lose money… I’ve got some businesses you might be interested in buying. I’m not asking anywhere near 660 million plus 30 million a year for investment either.

5 million up front, $300,000/year operating costs… that’s all I’m asking, and I promise you’ll never see any benefit from investing. Look at how much you’ll be saving investing in the “Gekkobear Booze and Strippers Company” instead of the Tribune Company.

Heck I won’t even be destitute and looking for work once you fail to cover the funding costs. I’ll muddle by somehow.

Anyone looking to “invest”?

gekkobear on May 18, 2013 at 1:06 PM

Gekkobear, no one has ever lost money selling booze and strippers. People want those. Newspapers, on the other hand…

JimmyMack on May 18, 2013 at 3:14 PM

Is there any plan that could be used which would raise money to encourage the Koch brothers to buy Tribune Co.? Something like, “Hey, Koch brothers! You guys only need to put up $655 million to buy the company. We’ve raised the other $5 million and want to be your minority stockholders.”

Odds are that the Kochs wouldn’t go for it, because they’d probably want to own the whole company themselves. But I think it would be a nice idea.

J.S.K. on May 18, 2013 at 5:44 PM

JimmyMack on May 18, 2013 at 3:14 PM

Sorry, I must have confused you… I wasn’t planning on doing any sales… just purchases if you will…
(technically rentals I suppose is more accurate in both cases)

Sales sounds like real work, and there’s no way a liberal would fund someone doing real work that could turn a profit.

gekkobear on May 18, 2013 at 11:06 PM

Tree killers.

Ronnie on May 19, 2013 at 3:35 AM

Just checked the site. They have raised less than $100K, but of course the liberal cheerleaders are going crazy with dreams of utopian takeovers.

Buncha goosesteppers.

Grace_is_sufficient on May 19, 2013 at 7:46 AM

Hey, you freedom denying socialists, you should come with a warning label because you contain more than a trace amount of nut.

avagreen on May 19, 2013 at 9:12 AM

Just checked. They are at $89,646 as of this moment.

unclesmrgol on May 19, 2013 at 12:56 PM

If more liberals merely bought a subscription to the LATimes, they could forget selling it

J_Crater on May 19, 2013 at 6:32 PM

I really hope the Koch’s buy it just so we can see if these people will actually stick with their word

They wont because they leave one of the few remaining paying newspaper jobs.

But it will be amusing to watch.

Blu3Yeti on May 20, 2013 at 12:15 AM

Lord, where do these people come from? O.K., get $600 Million to purchase the LATimes..then what? How do the monthly bills get paid….this is a business and unfortunately for leftist progressives, working and a business are two things they know nothing about!

sharinlite on May 20, 2013 at 1:10 AM

I have no issues with the Koch brothers buying the LA Times… just don’t change the Kings or Dodgers coverage!!

Khun Joe on May 20, 2013 at 2:41 AM

More Liberal Balance.

TimBuk3 on May 20, 2013 at 8:15 AM

Comment pages: 1 2