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article imageKoch brothers thinking about buying newspapers across U.S.

By Owen Weldon     Apr 21, 2013 in Business
Billionaire funders of the Tea Party, the Koch brothers, have reportedly expressed interest in buying several newspapers across the United States.
According to Gawker, the papers that they are reportedly interested in buying include The Los Angeles Times, The Orlando Sentinel, The Chicago Tribune and The Baltimore Sun. The brothers may also be interested in buying the second-largest Spanish language daily newspaper in America, Hoy.
According to NY Times, the newspapers that the Koch brothers may consider buying belong to The Tribune.
Tribune is expected to send out its financial data to serious suitors sometime in early May.
According to Wall Street Journal, formal bids are not expected to take place until sometime after May.
The Tribune has declined to comment on the speculation and the Koch brothers have not commented on whether or not they are considering making a bid for the newspapers.
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