Briefs: UCLA Study Rates L.A. a C+, Lions Gate’s Largest Shareholder SellsTuesday, April 7, 2015
UCLA Environmental Study Gives L.A. County a C+
Los Angeles County has work to do when it comes to the environment, according to a UCLA study released on Tuesday that rates the county’s environmental performance as a C+.
Researchers with UCLA’s Institute of the Environment and Sustainability, which authored the study, reviewed a number of environmental statistics and quality of life issues, including travel times for commuters. The average travel time to work for county residents is 30 minutes, and nearly one quarter of local commuters spend more than 45 minutes on the road.
UCLA researchers say the study, done in conjunction with the Goldhirsh Foundation and the LA2050 initiative, is the “first thorough analysis” of L.A. County’s environment.
Lions Gate’s Largest Shareholder Sells 10 Million Shares
Santa Monica studio Lions Gate Entertainment Corp. announced Tuesday that its largest shareholder, New York's MHR Fund Management, will sell 10 million Lions Gate shares in an underwritten offering. Following the sale, MHR will still be Lion's Gate's largest shareholders, with nearly 30 percent of the company's shares.
The sale was announced after markets closed Tuesday. Lions Gate shares fell 3.4 percent to $32.54 in after-hours trading.