Koch brothers drop pursuit of Tribune papers

August 23, 2013 - 11:35 AM

The Koch brothers are dropping their pursuit of newspapers owned by the Tribune Co. of Chicago.

Koch Industries, run by the billionaire brothers Charles and David, said Friday that it is still interested in the media and is exploring a broad range of opportunities.

Tribune publications include the Chicago Tribune, the Los Angeles Times, the Orlando Sentinel and The Sun, in Baltimore.

Reports first surfaced four months ago of the Koch's interest in Tribune after the company in December announced plans to sell its papers.