A state political campaign watchdog agency has issued $1 million in fines and $15 million in penalties to shadowy groups—yes, the Koch brothers are connected—that sought to buy results in two California proposition elections. The decision points up the lack of teeth in federal laws, and offers an example of how to fix that. Assuming Washington can fix anything.
After meeting well into the night Sunday, the Tribune Co. board of directors agreed to sell the company to Chicago-based billionaire Sam Zell for an estimated $8.2 billion. According to the Los Angeles Times, Zell’s bid trumped last-minute offers from L.A. moguls Ron Burkle and Eli Broad.