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 terrific. Rich conservatives buying or threatening to buy the news outlets will be way more effective than giving millions to ineffective PACs in election season.

forest on May 17, 2013 at 10:18 AM

The funniest thing is that, as libertarians, the Kochs’ views on some social issues are virtually the same, or possibly even to the left of where the current L.A. Times’ editorial positions are. Doesn’t matter — just the name “Koch” has been so drilled into the heads of the left as being evil, they don’t even know what their political positions are, they just know they have to be stopped at all costs, even if they make fools of themselves doing so.

jon1979 on May 17, 2013 at 10:27 AM

To the left, ‘free’ means ‘We control it.’

Good Lt on May 17, 2013 at 10:29 AM

Won’t work. Leftists hate using their own money. They’d rather use yours.

Left Coast Right Mind on May 17, 2013 at 10:35 AM

The puritanical left knows the power of their media pulpit monopoly and will not part with it so easily.

Punchenko on May 17, 2013 at 10:41 AM

That’s funny, most people already know that raising capital is a fine way to buy a business.

Does this mean Romney is no longer an evil capitalist?

cozmo on May 17, 2013 at 10:55 AM

I agree with her.

Gay marriage supporters (Koch brothers) and “armed guards for me but no guns for thee” hypocrites (Murdoch) own too much of the media already.

Free the press!

Alberta_Patriot on May 17, 2013 at 10:57 AM

To the left, ‘free’ means ‘We control it.’

Good Lt on May 17, 2013 at 10:29 AM

Indeed.

ITguy on May 17, 2013 at 11:01 AM

So they’re going to raise 2/3 of a billion dollars to buy a newspaper already run by liberal nutjobs?

Go for it. 2/3 of a billion less to go to Democratic politicians and PACs.

MadisonConservative on May 17, 2013 at 11:07 AM

Good luck with that.

NotCoach on May 17, 2013 at 11:09 AM

The real question is- What are they going to do with the $383 when they come up short?

Bensonofben on May 17, 2013 at 11:23 AM

I know! Buy 383 Newsweek Magazine Corporations

Bensonofben on May 17, 2013 at 11:24 AM

the cartoonish malignancy that leftists impute

Nice.

John the Libertarian on May 17, 2013 at 11:35 AM

I wonder why they used Indiegogo instead of Kickstarter. KS has many more participants and would be much more likely to raise the funds.

Unless this project would violate the KS TOS.

Chris of Rights on May 17, 2013 at 11:40 AM

So they’re going to raise 2/3 of a billion dollars to buy a newspaper already run by liberal nutjobs?

Go for it. 2/3 of a billion less to go to Democratic politicians and PACs.

MadisonConservative on May 17, 2013 at 11:07 AM

My thoughts exactly.

Also shows you how agitated lefties get whenever conservatives or libertarians consider embarking on their own small march through the institutions.

gwelf on May 17, 2013 at 11:47 AM

This is just a money grab by the “non-profit” in question. $660 million in 30 days? L.O.L. It took the Obama campaign 4-5 months to bring that much in at the very height of the campaign.

They won’t get anywhere near their goal, but they will get a hefty chunk of change from this country’s libtards, and they won’t be giving it back.

LukeinNE on May 17, 2013 at 11:50 AM

You know, a smart conservative could make some decent money pushing liberal ‘emergencies’ like this…

trigon on May 17, 2013 at 11:55 AM

I would love to see them do it.

THe sheer entertainment value of watching the OWS crowd try to run a business would be astronomical.

krome on May 17, 2013 at 11:56 AM

This is just a money grab by the “non-profit” in question. $660 million in 30 days? L.O.L. It took the Obama campaign 4-5 months to bring that much in at the very height of the campaign.

They won’t get anywhere near their goal, but they will get a hefty chunk of change from this country’s libtards, and they won’t be giving it back.

LukeinNE on May 17, 2013 at 11:50 AM

Typically, you’re not charged in a crowdfunded project unless they get pledges that match their funding goal.

Occasionally, Indiegogo projects forego that requirement. I think. Which may be why they picked Indiegogo instead of Kickstarter. But it doesn’t look like that’s the case for this one.

Chris of Rights on May 17, 2013 at 11:57 AM

Maybe I’ll kick in $100 so I can get a cool T-shirt. /

22044 on May 17, 2013 at 11:57 AM

I would love to see them do it.

THe sheer entertainment value of watching the OWS crowd try to run a business would be astronomical.

krome on May 17, 2013 at 11:56 AM

Exactly, they can’t just buy it, they’d have to run it.
Epic failure on the horizon.

22044 on May 17, 2013 at 11:59 AM

Won’t work. Leftists hate using their own money. They’d rather use yours.

Left Coast Right Mind on May 17, 2013 at 10:35 AM

Which is why I expect Team SCOAMT to “bail out” the LAT.

Steve Eggleston on May 17, 2013 at 12:15 PM

Chris of Rights on May 17, 2013 at 11:57 AM

blink on May 17, 2013 at 12:23 PM

Gotcha, thanks for the clarification. In case anyone is interested, I did an analysis of their current donor patterns, and here’s what they’d need to hit their mark:

$10 – 1.2 million donors
$25 – 1.9 million donors
$50 – 0.9 million donors
$100- 0.8 million donors
$250- 0.15 million donors
$500- 0.086 million donors
$1000- .075 million donors
$10000- .011 million donors

Total donors needed: 5.14 million

For them to be on course to success, they’re going to need 171,333 new donors every day, contributing a combined $22,000,000, or $128.40 per donor on average.

Right now, they’re at 794 donors, or 0.46% of what they need to be on track for today. I have no doubt they’ll raise a lot of money, but $660 million is a tough number to even wrap your head around, and unless some really big donors catch wind of this and chip in a few million each, they won’t get even close.

LukeinNE on May 17, 2013 at 12:31 PM

Go for it, libs!

It will be an amazing lesson for you. That’s how the free market works. You can buy stuff when the seller wants to sell it to you and he’s happy with the money you’re giving them for it.

Go for it.

Axeman on May 17, 2013 at 1:12 PM

You know, a smart conservative could make some decent money pushing liberal ‘emergencies’ like this…

trigon on May 17, 2013 at 11:55 AM

There you go.

Step 1: Buy some shares in a failing newspaper.

Step 2: Threaten to buy a controlling interest.

Step 3: Libs step in to stop it, driving up the cost.

Step 4: Sell after they’ve taken what was a worthless stock to marketability.

Axeman on May 17, 2013 at 1:15 PM

The 80′s called and want their sweatshirt back.

crrr6 on May 17, 2013 at 1:21 PM

The real question is- What are they going to do with the $383 when they come up short?

Bensonofben on May 17, 2013 at 11:23 AM

Someone will run off with it like that OWS scam.

visions on May 17, 2013 at 1:22 PM

What’s the deal here? Why do these Leftists care so much? If you have some problem with the LA Times, just stop reading it. There’s got to be other local papers/news sources to read in LA.

These people are control freaks, by nature. Self-centered, greedy, selfish, narcissistic, control freaks.

visions on May 17, 2013 at 1:25 PM

Math is hard

tmitsss on May 17, 2013 at 1:27 PM

If the Green Bay Packers stock had any value, it would go down from being put on this page.
Heck, maybe it went down anyway. :)

22044 on May 17, 2013 at 1:29 PM

Great illustration of how stupid and ignorant of free markets, economics, and finance the typical brain dead liberal is.

A true believer socialist, OTOH, already knows this won’t work. That’s why they use the government to raise, under force of law, the money they want to spend on their pet projects. A socialist would advocate some kind of government bailout of the LA Times. One that would hand control over to the unions, like the Government Motors bailout.

farsighted on May 17, 2013 at 1:41 PM

We should encourage this. The more money liberals flush down the toilet of their ideology, the less trouble they can make for the rest of us.

Socratease on May 17, 2013 at 1:51 PM

No, I can totally see why they’re doing this. I have a cousin who (on a completely unrelated topic) mentioned how scary it was that the Koch brothers’ attempted takeover over the Tribune Companies was. Just terrifying. I had to ask, “Oh, noes! Now where in the world will you find a news source that will cater to your leftist worldview?! Whatever will you do?”

Seriously, just read one of the other 1000 papers out there that serve as insulation for your cognitive bubble.

slknoerr on May 17, 2013 at 1:56 PM

Just to be clear, the campaign is to buy all the Tribune Company newspapers (including the Chicago Tribune, Baltimore Sun, Orlando Sentinel, etc.), not just the LA Times.

But unless someone like Warren Buffett decides to kick in an extra $658.7 million or so on the last day, I don’t think this campaign is going to get enough funding to make a difference.

J.S.K. on May 17, 2013 at 1:58 PM

Step 1: Buy some shares in a failing newspaper.

Step 2: Threaten to buy a controlling interest.

Step 3: Libs step in to stop it, driving up the cost.

Step 4: Sell after they’ve taken what was a worthless stock to marketability.

Axeman on May 17, 2013 at 1:15 PM

Step 5: Profit!!

(I can’t believe I was the first one in with that…)

JohnGalt23 on May 17, 2013 at 2:20 PM

There you go.

Step 1: Buy some shares in a failing newspaper.

Step 2: Threaten to buy a controlling interest.

Step 3: Libs step in to stop it, driving up the cost.

Step 4: Sell after they’ve taken what was a worthless stock to marketability.

Axeman on May 17, 2013 at 1:15 PM

Axeman, I think lines 3 and 4 are supposed to go like this:

Step 3: ????

Step 4: Profit!

BillH on May 17, 2013 at 2:22 PM

Step 5: Profit!!

(I can’t believe I was the first one in with that…)

JohnGalt23 on May 17, 2013 at 2:20 PM

You might have been first, but mine is closer to correct, so there! :p

BillH on May 17, 2013 at 2:24 PM

Just like everything else libs touch, it will end up being a train wreck.

tommer74 on May 17, 2013 at 2:31 PM

Won’t work. Leftists hate using their own money. They’d rather use yours.

Left Coast Right Mind on May 17, 2013 at 10:35 AM

They already do. It’s called NPR, PBS, the National Endowment for the Arts, and other assorted “cultural” artsie-fartsy (read Leftist) stuff. None of their crap can make money in the real world, so they always have Congress bankroll it with our money. Mark my words, it’s only a matter of time till they are squalling that newspapers need an alphabet department funded by Congress too.

JoseQuinones on May 17, 2013 at 3:06 PM

Reminds me of the old saw about the dog chasing the car…what’s he going to do with it if he catches it?

ss396 on May 17, 2013 at 3:20 PM

Yes, let’s make sure LA progresses to become Detroit with better weather.

I’d open my wallet for that one.

NoDonkey on May 17, 2013 at 3:23 PM

Ugh, this is pathetic. Imagine a big city newspaper run by the brainiacs who infested Zucotti Park.

Bishop on May 17, 2013 at 4:19 PM

Win the powerball, but the LA Times.

paulsur on May 17, 2013 at 4:22 PM

I applaud their idea as a fantastic waste of lib money and the potentially most entertaining wipeout in recent economic history except…there would be enough connected lefty investors that they’d end up with a bailout of somesort before the final flame-out.

There’s no way they get to that astronomical some without some connected lefty investors, and there’s no way lefty investors lose $660B without taking the taxpayer with them in some shape, form or fashion.

The only surprise here is that they propose to use their own money in this venture, and not tax dollars from the outset. Not to give them ideas or anything.

TexasDan on May 17, 2013 at 4:24 PM

What’s the deal here? Why do these Leftists care so much?
visions on May 17, 2013 at 1:25 PM

They care because the average lib thinks that the MSM is biased towards the repubs and conservatives. The LA Times is a known left leaning paper based in a left leaning state. They do not want conservatives taking over one of the very few left leaning papers in the country.

Dr. Frank Enstine on May 17, 2013 at 4:28 PM

Total donors needed: 5.14 million

LukeinNE on May 17, 2013 at 12:31 PM

Of course, if those same 5.14M people had purchased subscriptions to the LA Times in the first place, then the paper probably wouldn’t be for sale in the first place.

HarryBackside on May 17, 2013 at 4:29 PM

Of course, if those same 5.14M people had purchased subscriptions to the LA Times in the first place, then the paper probably wouldn’t be for sale in the first place.

HarryBackside on May 17, 2013 at 4:29 PM

Haha, good point. The LAT’s daily circulation is under 600,000. They could probably save the paper from teh evilll Koch Brothers with a tenth the number just buying subscriptions.

LukeinNE on May 17, 2013 at 4:49 PM

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.

This is the stuff of bigotry and racism. Because you know how all those _________ are!

RobertMN on May 17, 2013 at 5:14 PM

They’re such pack animals.

rdbrewer on May 17, 2013 at 5:23 PM

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