The Koch brothers decided they don’t want the Tribune papers as their propaganda outlet after all.
After the Kochs conducted a “due diligence test” they concluded the papers, which include the LA Times, the Chicago Tribune, The Baltimore Sun and aren’t “financially viable” enough to use as Tea Party style propaganda outlets. Of course, the public outcry against the Kochs buying the news to put their special spin on it had absolutely nothing to do with it.
According to the Daily Caller, which broke the story, the Koch Brothers lost interest once they found out that CareerBuilder.com, a job search website and Classified Ventures LLC – a car and building rental site bring in a lot of the revenue.
Two of the Tribune Company’s digital assets in particular, CareerBuilder.com and Classified Ventures LLC., a source with knowledge of the proceedings told The Daily Caller, were discovered to be half of the company’s revenue.
“They’re basically such an important part of the revenue,” the source confirmed, “in a way that if they sold them, it goes away.”
Translation: The job search site and the rental site earned lots of money, but they’re too icky for the Kochs to keep because you know, they actually do some good for human kind. Their ickiness outweighed the allure of having access to a huge audience for their Tea Party style propaganda. In other words, even profit isn’t enough incentive for the Koch brothers to have any association with something that might actually help the unemployed get a job or help people who want to rent a car.
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