PAGE 3 Aussies Galore; HEDs Up on Devereaux

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A great irony could be in store for Los Angeles in the wake of Rupert Murdoch’s agreement to sell much of 20th Century Fox in a $52.4 billion all-stock deal struck with Walt Disney Co. The stuff that isn’t bound for Disney includes Fox Broadcasting, Fox News Channel and Fox Sports 1. A recent piece in the Wall Street Journal – part of News Corp., a separate chunk of the Murdoch’s empire – speculated that his son Lachlan would be “in position to run” those remaining pieces, and is “hoping to stay in Los Angeles, where he moved his family from Australia a few years ago and has settled in.” That suggests there’s a chance that the ultra-blue Westside could eventually become home to the red-meat-red Fox News Channel, currently based in New York … The story also speculated that the rump operations of 20th Century Fox could be recombined with News Corp.’s assets, which include the Journal and other newspapers stretching from Murdoch’s native Australia to the U.K. And that means it wouldn’t take long for speculation about News Corp. buying the L.A. Times to begin swirling about … Some round of Aussie one-upmanship, with Murdoch’s deal coming a couple of days after Frank Lowy agreed to sell his Sydney-based Westfield Corp. – which just spent $1 billion to make the Westfield Century City one of its global retail showplaces – to Unibail-Rodamco in Paris for $15.7 billion in cash and stock and a total of $24.7 billion with debt … Both Murdoch and Lowy had busy run-ups to their big deals. Lowy was knighted by Britain’s Queen Elizabeth a few days before the Westfield sale. Murdoch had been keeping one eye on this Moraga Vineyards in Bel-Air, which was touched up a bit by the recent wildfires but came through largely intact … What about that other Aussie mogul with L.A. ties? A representative of Joseph Hellen, the low-key, nonagenarian Holocaust survivor-turned-Australian real estate powerhouse says he’s doing fine but doesn’t plan to sell anything …Murdoch, meanwhile, wasn’t alone in his brush with disaster on the recent fires. The Jonathan Club sent out an email to members at the height of the local trouble, letting them know that its dozens of rooms would be available for folks displaced by the blazes. An hour later brought a follow-up saying all the rooms were filled, and directing members to a special deal with the Westin Bonaventure … The California Club had an A-list of honorees in the house Dec. 8 for the USC/University Kidney Research Organization dinner. The lineup: Dr. Edward Crandall, chair of the department of medicine at the Keck School of Medicine; J. Peter Devereaux, the D in downtown-based architecture firm HED, and Robert A. Bradway, chairman and CEO of Amgen Inc. Devereaux gave a particularly poignant talk, highlighted by a reference to – and rejection of – Ayn Rand. The one-time hippie told the crowd that architecture is not a form of self-expression, as the author’s Fountainhead contended, but a “service delivered to advance the human” cause … Sullivan Says: Wayne Avrashow’s newly published “Roll the Dice” is worth a read if you have even a passing interest in politics.

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