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Us Weekly is closing its West Coast office in Los Angeles, Page Six reported Friday, while several news sites reported the New York-based celebrity news publication was laying off as many as 40 of its employees.
The high-stakes chess match for control of tronc Inc., Chicago parent of the Los Angeles Times, reached a fever pitch this week as biotech billionaire Patrick Soon-Shiong upped his stake with a series of stock acquisitions that appeared to be part of a move for control of the company.
Metrosource magazine, which describes itself as the largest LGBTQ media brand serving the Los Angeles and New York areas, has a new owner: New York’s Davler Media Group.
Walt Disney Co.’s board of directors on Thursday extended for an additional year the contract with Chief Executive Robert Iger.
Oaktree Capital Management, the third-largest shareholder in Los Angeles Times’ parent tronc Inc., is selling its holdings back to tronc in a $56 million deal, according to documents filed Thursday with the Securities and Exchange Commission.
Michael Eisner’s Tornante Co. is in talks to purchase English soccer club Portsmouth FC.
Los Angeles International Airport officials on Tuesday announced a massive airline relocation plan for May involving 21 airlines moving to different terminals or to different locations within terminals.
L.A. biotech billionaire Patrick Soon-Shiong has upped his stake in Los Angeles Times parent tronc Inc. to 24 percent, nearly overtaking majority shareholder Michael Ferro in a move that may further stoke rumors he could be positioning himself to make a run at the company.
The name posted on L.A.’s five ShopHouse Southeast Asian Kitchen restaurants is about to change, but the food will remain similar now that another Asian restaurant concept has taken over the leases.
Los Angeles Times parent company tronc Inc. is reportedly forcing out its vice chairman and second-largest shareholder, L.A. biotech billionaire Patrick Soon-Shiong.
Residents of L.A.’s urban jungle will soon have access to more open green space.
Last week, Los Angeles Times parent company tronc Inc. was in talks to buy celebrity magazine Us Weekly for $85 million to $95 million, but media analyst Ken Doctor says the deal is off.
The Washington Blade, the nation’s oldest LGBT newspaper, plans to launch a sister publication in Los Angeles.
West Hollywood’s Sunset Tower Hotel is slated to sell to a long-time stakeholder after going on the market last month. Hotelier Jeff Klein, who owns just under a quarter of the Sunset Strip property, is in escrow to buy the remaining stake for about $75 million, according to sources familiar with the deal. That would make the building’s full value $95 million, or $1.2 million a room.