UPDATE — What the Koch Industries says in a statement:
We are constantly exploring profitable opportunities in many industries and sectors. So, it is natural that our name would come up in connection with this rumor. We respect the independence of the journalistic institutions referenced in today’s news stories, but it our long-standing policy not to comment on deals or rumors of deals we may or may not be exploring.
One rumor that LA Weekly hears has the Koch Brothers helping to finance a bid for the Los Angeles Times by conservative UT-San Diego owner “Papa Doug” Manchester.
* Are the Koch brothers trying to buy the Los Angeles Times? (laweekly.com)
* Los Angeles Times in 2011: Koch brothers now at heart of GOP power (latimes.com)