Shares of tronc Inc., parent of the Los Angeles Times, jumped 4.6 percent on Monday after the company pushed back against claims of unfair treatment by Patrick Soon-Shiong, its second-largest shareholder.
HOSPITALITY: King’s move to China yielded investors.
Developer Grant King checked in with Chinese investors to back his Hollywood hotel projects.
SpaceX landed a used Falcon 9 first-stage rocket on a water barge in the Atlantic Ocean on Thursday — the world’s first flight and landing of a previously launched orbital-class rocket.
Following the high-profile, tweet-related flub at last month’s Oscars that led award presenters to announce the wrong Best Picture winner, the Academy of Motion Picture Arts and Sciences has decided to retain PricewaterhouseCoopers for its accounting and Oscar balloting business. But no cell phones will be allowed backstage.
Filmmaker George Lucas has doubled his support for student diversity at USC’s School of Cinematic Arts with another $10 million endowment. The gift from the George Lucas Family Foundation raises the foundation’s student diversity support effort to $20 million.
Magazine publisher American Media Inc. confirmed Monday it is closing the West Coast office of Us Weekly, which it bought earlier this month, and laying off less than 30 percent of the publication’s total staff, or around 30 people.
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.
Capital Foresight places big bet on micro-room restoration of Mikado building in Little Tokyo.
Developer Capital Foresight sees a big opening for a micro-unit hotel in Little Tokyo.
SPORTS: Michael Eisner’s Tornante enters talks to buy English team Portsmouth.
Former Disney chief Michael Eisner looks to play ball with British soccer team Portsmouth FC.
MEDIA: Blade believes niche focus, Trump’s presidency will help it step into market.
LGBT paper the Blade will take a stab at bringing L.A. readers into its fold.
ARTS: Deborah Borda, departing for New York gig, oversaw nonprofit’s growth.
Departing Deborah Borda talks how she conducted the Los Angeles Philharmonic’s business.
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.