CA Legislators, Unions Oppose LA Times Sale to Kochs

Isn't there an amendment thingy about government officials and newspapers?


Reason 24/7 note: David Koch sits on the board of the Reason Foundation.

California legislative leaders and 10 public employee unions announced opposition Wednesday to any sale of the Los Angeles Times and other Tribune Co. newspapers to a pair of wealthy brothers who fund conservative causes throughout the country.

In a letter dated Tuesday to Bruce Karsh, president of Oaktree Capital Management, the largest shareholder in Tribune Co., and chairman of its Board of Directors, the unions said David and Charles Koch are "anti-labor, anti-environment, anti-public education and anti-immigrant."

The unions noted that some Oaktree assets come from public pension funds and warned that a sale to the Koch brothers "would be adverse to the retirement security of public employees whose pension funds you are responsible for managing and investing."