It's a wonderful compliment for Tribune Co.'s newspapers that so many people are worried about what might happen to them under the ownership of Charles and David Koch
, the libertarian billionaires said to be considering a bid for the outlets.
In California, unions and legislators have expressed concern about such a sale, the former implying they may withdraw funds invested with Oaktree Capital Management, Tribune's largest shareholder, if the Kochs get the papers. And the Courage Campaign has bought ads in the Tribune-owned Los Angeles Times asking readers to cancel their subscriptions if the Kochs pocket the paper.
But threatening newspaper publishers with canceled subscriptions is probably not the most effective way to get their attention. The average Sunday print circulation of the Los Angeles Times, for example, has dropped 9 percent in the past year, according to figures from the Alliance for Audited Media. ("Digital memberships" at Tribune properties are reportedly going very well