Tribune Profit Falls on Circulation Woes
Media company Tribune Co. said Thursday its second-quarter profit slumped on lower newspaper circulation and the sale of some of its television stations, the Associated Press reports. Second-quarter earnings slid to $85.7 million, or 28 cents per share, from $231.3 million, or 73 cents per share, during the same period last year. Last year’s results include a 13 cents per share non-operating gain.
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A Mall Strives to Fit In With Its Neighborhood
The Westside Pavilion, a West Los Angeles mall that has struggled to attract shoppers after previous remakes, is being made over again , this time by adding the nation’s biggest art-house theater complex, the Los Angeles Times reports. Owner Macerich Co. said it hoped that a $30-million renovation, converting former shops and a garden into theaters and restaurants, would revive the mall’s western addition at Pico and Westwood boulevards. The addition has performed poorly much of the time since it opened to fanfare in 1991.
