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Possible Sale of LA Times to Koch Brothers Sparks Protest

Approximately 300 union members, activists, and Los Angeles Times readers rallied downtown yesterday to protest the potential sale of the paper to right-wing billionaire brothers Charles and David Koch.

The protest was held at noon outside the downtown office of the investment firm Oaktree Capital Management, which holds the largest share of the Tribune Co. Musician Ry Cooder performed for the crowd, singing “I Don’t Want Your Millions, Mister” with special anti-Koch lyrics added.

From the LA Times coverage:

The protesters targeted Oaktree because the firm manages pension investments on behalf of unionized government employees, including those in the California Public Employees’ Retirement System.

“We don’t want that kind of thing going on with our money,” said Maria Elena Durazo, executive secretary-treasurer of the Los Angeles County Federation of Labor, AFL-CIO. “That’s like us selling you a car so you can run us over.”

The rumor of a Tribune Co. sale to Koch Industries has already inspired multiple online petitions and vocal opposition from unions and politicians.

The LA Weekly also covered the protest, and took some great photos.

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