Thursday, August 22, 2013

Are The Koch Brothers Going to Follow Ron Paul Into Internet Television?

NYT reports:
Charles and David Koch are no longer contemplating a purchase of the Tribune Company’s chain of newspapers, a spokeswoman for the billionaire industrialists said on Thursday.

The spokeswoman, Melissa Cohlmia, affirmed a report by the conservative news Web site The Daily Caller that said Koch Industries — where Charles is chairman and chief executive and David is an executive vice president — had concluded that the acquisition was “not economically viable.”

But other acquisitions in the media industry might be: “Koch continues to have an interest in the media business, and we’re exploring a broad range of opportunities where we think we can add value,” Ms. Cohlmia said in a statement. She declined to elaborate.

So what does a broad range of media opportunities mean?  It's not completely clear, but internet television can't be ruled out. NYT reports on comments made by Charles Koch to the Wichita Eagle:
“There are tremendous changes going on in media, in taking media as a whole, all forms of communication. We’re back at square one analyzing where is the most change, where are the best opportunities for new entrants to come in and add value. And so newspapers are one, but there are all sorts of others. There’s the Internet, there’s TV. There’s entertainment. And so we don’t know where we’ll end up on that,” Mr. Koch told the paper.
Thus, an internet television show wouldn't come as a surprise. The Koch brothers have always made important business decisions based on the thinking of principled libertarians. Indeed, their great wealth was built on  Austrian economist Murray Rothbard's waning in 1963 of then developing price inflation. The Kochs bet on this Rothbard warning and bought assets using huge debt that they were able to pay off with cheap dollars.

1 comment:

  1. They are going to copy Ron since he has single handedly created more libertarians in one year than they have in their whole careers with hundreds of millions of dollars spent.