Read time: 1 minute

Want To Own The Tribune Co.? Join The Campaign, Pledge Money

The Other 98%, a nonprofit organization, has setup a crowdfunding campaign to buy Tribune Co.’s newspaper business.

Good for them! So far, $75,000 in pledges have been made:

Want to buy the Los Angeles Times, Chicago Tribune, Baltimore Sun and six other daily newspapers? No, I don’t mean at the newsstand.
The Other 98%, a nonprofit organization, has setup a crowdfunding campaign to buy Tribune Co.’s newspaper business. The initiative is meant to prevent the Koch brothers, Rupert Murdoch or some other billionaire from buying it.

The campaign is looking to raise $660 million in the next 31 days so it can outbid the Kochs – the high-powered, libertarian brothers known for hosting $50,000-a-plate fundraising events for Republican candidates, according to the pitch on Indiegogo, a crowdfunding site. The group promoting the campaign was founded in 2010 with the mission “to kick corporate lobbyists out of DC,” according to its website.

In the case of the stop-the-Kochs campaign, the group doesn’t want “press freedom to be subject to the benevolence or non-benevolence of a billionaire,” according to Nicole Carty, one of the organization’s activists. “The press belongs to the people,” she said.

The newspapers were valued at $623 million last year, according to bankruptcy filings, making crowdfunding target of $660 million a competitive bid.

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $20 for 2020? Please consider a one time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage


NOTE: We will be changing to a new commenting platform in the next couple of weeks. We will supply more details as we get closer to the change. We understand some users are having problems with comments loading and this will hopefully remedy that problem

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.