California Labor Leaders Strongly Oppose Newspaper Sale to Anti-Union Extremists

May 14, 2013 - The State Building Trades has joined with nine other labor organizations, that collectively represent 2.1 million working Californians, to strongly urge shareholders in the media group that owns the Los Angeles Times and other major newspapers not to sell those newspapers to the infamous Koch Brothers due to their long history of efforts that are “anti-labor, anti-environment, anti-public education and anti-immigrant.”

The Koch Brothers were a major force in the vicious attack on unions and workers’ rights in Wisconsin. Their control of the L.A. Times would place them in a position to similarly distort public opinion and policy in California.

The letter was addressed to Bruce Karsh, president of Oaktree Capital Management, the largest shareholder in the Tribune Company and who is also chairman of the board of the Tribune Company. The letter notes that Oaktree is responsible for managing a substantial amount of public pension funds to provide retirement security for California workers. A sale of the newspapers to the Koch Brothers, who would then use them to promote their extreme anti-worker and anti-union agenda, would run directly counter to the best interest of those workers Oaktree is obligated to protect, the letter states.

The letter requests that all strategic alternatives to a sale to the Koch brothers be carefully evaluated, and requests a personal meeting with Chairman Karsh to discuss the matter further.

Click HERE to view the entire letter.

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