NY TIMES REPORTS KOCH BROTHERS MAY BE FRONT RUNNERS IN BIDDING TO BUY LA TIMES
On Sunday the USC Campus was gloriously packed with tens of thousands of Lit Lovers as the yearly LA Times Festival of Books entered its second event-jammed day.
However in the “green room” area where author/panelists and LA Times staffers gathered before and after their respective events, amid the upbeat book chatter there were grim conversations about the report by Amy Chozick in the NY Times that politically conservative billionaires Charles and David Koch may be the front runners among suitors to buy the LA Times.
The article suggested that the Koch brothers may have an edge on some of the other would-be buyers like, say, Austin Beutner, who only want to buy the Los Angeles Times and not the rest of the Tribune Corp’s stable of newspapers, whereas the Koches will reportedly bid on the whole shebang. This could be crucial, as the Tribune Corp would reportedly prefer to sell the whole bunch, not piecemeal, paper by paper.
In March the Hilel Aron of the LA Weekly broke the story that the Koch siblings were strongly rumored to be potential bidders.
Here’s a clip from the NY Times story:
Other than financing a few fringe libertarian publications, the Kochs have mostly avoided media investments. Now, Koch Industries, the sprawling private company of which Charles G. Koch serves as chairman and chief executive, is exploring a bid to buy the Tribune Company’s eight regional newspapers, including The Los Angeles Times, The Chicago Tribune, The Baltimore Sun, The Orlando Sentinel and The Hartford Courant.
By early May, the Tribune Company is expected to send financial data to serious suitors in what will be among the largest sales of newspapers by circulation in the country. Koch Industries is among those interested, said several people with direct knowledge of the sale who spoke on the condition they not be named. Tribune emerged from bankruptcy on Dec. 31 and has hired JPMorgan Chase and Evercore Partners to sell its print properties.
The papers, valued at roughly $623 million, would be a financially diminutive deal for Koch Industries, the energy and manufacturing conglomerate based in Wichita, Kan., with annual revenue of about $115 billion.
Politically, however, the papers could serve as a broader platform for the Kochs’ laissez-faire ideas. The Los Angeles Times is the fourth-largest paper in the country, and The Tribune is No. 9, and others are in several battleground states, including two of the largest newspapers in Florida, The Orlando Sentinel and The Sun Sentinel in Fort Lauderdale. A deal could include Hoy, the second-largest Spanish-language daily newspaper, which speaks to the pivotal Hispanic demographic.
One person who attended the Aspen seminar who spoke on the condition of anonymity described the strategy as follows: “It was never ‘How do we destroy the other side?’ ”
“It was ‘How do we make sure our voice is being heard?’ ”
“So far, they haven’t seemed to be particularly enthusiastic about the role of the free press,” Ms. Mayer said in an e-mail, “but hopefully, if they become newspaper publishers, they’ll embrace it with a bit more enthusiasm.”
A Democratic political operative who spoke on the condition of anonymity, said he admired how over decades the brothers have assembled a complex political infrastructure that supports their agenda. A media company seems like a logical next step.
This person said, “If they get some bad press that Darth Vader is buying Tribune, they don’t care.”
Alarming X a zillion.
CALIFORNIA WANTS ITS PRISONS BACK
The NY Times also reports on the issue of whether or not the State of California has done enough to justify taking the state’s prisons out of federal receivership. Near the end of the story, criminal Justice expert Barry Krisberg explains what he thinks it will take.
Here’s the relevant clip from Norimitsu Onishi’s story:
Barry Krisberg, a law professor at the University of California, Berkeley, and an expert on California’s prisons who testified in the 2011 Supreme Court case, said it was unlikely the state would succeed in its appeals because of that 2011 ruling.
“He can’t win these cases,” Mr. Krisberg said, referring to the governor. “In my view, it’s nearly impossible to go to the same Supreme Court and within a year ask them the same question.”
Instead of looking only to realignment, Mr. Krisberg said, the state must consider the politically difficult option of shortening sentences for good behavior, a policy that previous governors have carried out without an increase in crime.
“If they were to restore good-time credits for the people who are doing everything we’re asking of them in prison, they could get these numbers,” he said, referring to the 137.5 percent goal.
CHIEF CHARLIE BECK GIVES “SOUTHLAND” APPEARANCE MONEY TO HOMEBOY INDUSTRY
This story is a small but sweet one. (And we could use sweet stories right now.)
Beck did a cameo for “Southland” recently … and got a check for more than a grand. The Chief could have spent the cash on scores of donuts … but decided there was a worthier cause — he’s donating the money to Homeboy Industries…..
Turns out Beck has another cause celeb … he and some of his boys in blue are lobbying for the return of “Southland” — which is currently on the bubble.
NOTE TO TMZ: We are grateful to you for nosing out this cool little story, but we could have done without the condescending donut cliché. (Just sayin’.)
DENNIS ZINE SAYS, IF ELECTED, CITY CONTROLLER HE WOULD AUDIT THE LAPD’S RISK MANAGEMENT SECTION TO FIND OUT WHY SO MANY OFFICERS ARE INVOLVED IN LAWSUITS (DOESN’T MENTION OWN SEX HARASSMENT LAWSUIT)
Here’s a clip from the story by the LA Times Catherine Saillant:
As he campaigns to become the city’s next controller, Councilman Dennis Zine said his first job in office would be to audit the Los Angeles Police Department’s risk management division to find out why so many officers are involved in lawsuits.
The city has spent as much as $50 million on legal settlements in recent years on cases it could have avoided if commanders did a better job supervising officers, says Zine, a former LAPD motorcycle officer who faces lawyer Ron Galperin in a May 21 runoff election.
What Zine doesn’t mention is a sexual harassment lawsuit brought by a female officer claiming that as a police sergeant he made inappropriate sexual advances during a 1997 business trip to Canada. Zine said that the two were dating and that the officer made up or exaggerated her claims….
Whatever the situation with Zine’s own lawsuit, an audit of this nature never hurts, and needn’t be adversarial. In fact, we’d like to see one for the LASD as well.
PS: THE LAPD OFFICERS ACCUSED OF PERJURY WERE AQUITTED
This happened last week, but it bears mentioning. The Daily News’ Eric Hartley has the story. Here’s a clip:
A jury acquitted a Los Angeles police officer and a fired former officer Friday of charges they lied under oath about witnessing a drunken driver.
Lawyers for Craig Allen and Phil Walters admitted the two were wrong when they said they had seen a woman blow through two stop signs and pulled her over. In fact, other LAPD officers had stopped the woman, then called Allen and Walters to the scene to administer sobriety tests.
But the defense attorneys said the two officers made honest mistakes and had no reason to risk their careers by lying about a routine traffic stop.
“We’re all extremely relieved that this nightmare is over,” Walters’ lawyer, Joel Isaacson, said Friday afternoon. “Officer Walters had faith in the system, but it’s a scary situation to go through. ”
The two were charged with perjury and filing a false report, both felonies.
The LAPD fired Allen, now 40, before criminal charges were filed. His lawyer, Bill Seki, said Allen is “praying that he gets his job back” and will ask the department to reconsider the firing.
Walters, 58 and a 23-year veteran, still faces a departmental trial called a Board of Rights that could result in his being cleared, punished or fired. He has been relieved of his police powers and is not being paid, an LAPD spokesman said.
Here’s the back story (scroll to the bottom of the post).