For Immediate Release
May 8, 2013
Contact: Marisela Villar
DEMONSTRATORS TO SAY “NO KOCH TAKEOVER OF LA TIMES”
(Los Angeles) – On Tuesday, May 14, hundreds of union workers, environmentalists, good government advocates and others will rally outside the offices of Bruce Karsh in downtown Los Angeles. The rally will call on Karsh, chairman of the Tribune Company, not to sell to David and Charles Koch.
Karsh is also president of Oaktree Capital Management. Oaktree is the single largest shareholder in the Tribune Company, LA Times parent corporation.
“The Koch’s radical right wing extremism has no place in Los Angeles, particularly at the helm of the LA Times,” said Maria Elena Durazo, the leader of the Los Angeles County Federation of Labor, AFL-CIO.
“It’s shocking that Oaktree Capital would even consider selling to the Koch brothers,” Durazo continued, “ given that Oaktree manages billions of dollars in public employee pension money and the Kochs have been at the forefront of trying to destroy public employee unions and collective bargaining from Wisconsin to California.”
“I guarantee that hard working police officers, firefighters and teachers will not like Oaktree reaping the benefits of managing their pension money while at the same time doing business with the Koch brothers,” Durazo concluded.
What: Hundreds of protestors carrying “No Koch Hate in LA” signs.
Who: Union workers, environmentalists, good government advocates
When: Tuesday, May 14 at Noon
Where: Oaktree Capital Management (Wells Fargo Building) 333 South Grand, Los Angeles
Visual: In addition to carrying signs, hundreds of protestors will be wearing
Koch brothers masks.