March 31, 2013 |
The Pittsburgh Penguins took most of the fun out of speculation leading up to Wednesday's noon Pacific trade deadline when they pulled off major deals last week for veteran wingers Brenden Morrow and Jarome Iginla and defenseman Douglas Murray. Their acquisition of Iginla was bizarre. Several major media outlets, led by Canada's TSN, reported he had been sent to Boston and it was a done deal. Except it wasn't. Iginla, who waived his no-move clause, decided he preferred Pittsburgh and went there for two prospects and a first-round draft pick.
March 20, 2013 |
The trustees of L.A.'s Museum of Contemporary Art say they have decided not to turn over the keys to their financially ailing institution to others - notably the Los Angeles County Museum of Art - and will instead raise the money needed to keep the downtown museum independent. The board issued a three-sentence statement Tuesday afternoon headlined "MOCA Trustees Committed to Independence. " It gave no specifics - and did not refer directly to the lone option that has become public: an offer by LACMA and its director, Michael Govan, to acquire MOCA and raise $100 million as part of the takeover, while keeping the MOCA name and continuing to operate its two downtown buildings.
March 20, 2013 |
Hewlett-Packard Co. shareholders voted in favor of the current board at an annual meeting Wednesday, shrugging off a campaign by some investors to ignite a protest over a series of troubled acquisitions. HP announced that all 11 directors received at least 50% of the vote in their favor. The results of the vote were announced at the end of HP's annual shareholder meeting, held at the Computer History Museum in Mountain View, Calif. The 90-minute meeting included an extensive presentation by Chief Executive Meg Whitman, who outlined the strides she believes have been made in turning around the Silicon Valley icon.
March 19, 2013 |
Despite the recent offer from the Los Angeles County Museum of Art to acquire the cash-strapped Museum of Contemporary Art, the contemporary museum's board of trustees says that its members agree that "the best future for MOCA would be as an independent institution. " MOCA leaders had declined any comment since the offer became public this month. But the board met Friday and a museum spokesperson issued the following statement Tuesday: “The Board is in agreement that the best future for MOCA would be as an independent institution.
March 8, 2013 |
News Corp.'s soon-to-be publishing company will begin life with no debt and about $2.6 billion in cash -- illustrating the parent company's attempt to provide the new entity with solid financials and money for acquisitions. The new company, which will carry the News Corp. name when it is inaugurated this summer, will include the Wall Street Journal, Barron's, the New York Post, the Times of London, HarperCollins book publishing and an educational materials division called Amplify.
February 13, 2013 |
Comcast Corp. is buying out General Electric Co.'s stake in entertainment company NBCUniversal for $16.7 billion, and will take full control of a media conglomerate that includes the NBC network, Universal Studios theme parks, Universal Pictures film studio and cable channels USA Network, Bravo and MSNBC. The purchase comes two years after the Philadelphia cable TV operator acquired a 51% interest in the media company, leaving GE with a 49% stake. Comcast had an option to buy more of GE's interest beginning in July 2014.
February 12, 2013
With spring training starting this week, it's time to look at some of the most intriguing story lines across Major League Baseball. After discussing the American League on Monday, writers from the Tribune Co. turn their attention to the National League. Feel free to join the conversation by leaving a comment of your own. Kevin Baxter, Los Angeles Times No team in baseball history spent more money in less time than the Dodgers, who invested about a bazillion dollars during the last seven months to compile a roster that will feature All-Stars at six positions.
January 18, 2013 |
Last year will go down in MOCA history as a tumultuous year of board resignations and criticism of the museum's leadership, but it will not be known as the year in which gifts to the museum dried up. The Museum of Contemporary Art reports that it has acquired a total of 117 pieces, through museum funds and gifts of artworks or money from donors, adding to a collection of more than 6,700 works. MOCA director Jeffrey Deitch singled out several as particularly significant: a 1980 installation donated by Mike Kelley, an original storyboard for Kenneth Anger's 1949 film "Puce Moment," a 1974-75 David Hammons body print, a 2012 gunpowder drawing by Cai Guo-Qiang (above)
December 18, 2012 |
One of the most influential decisions last summer involving the Lakers was made outside the front office. Ramon Sessions opted to leave the team, leading to an influx of superstars. Steve Nash became a Laker. So did Dwight Howard. A precursor to their arrival in Los Angeles came in June when Sessions decided not to exercise a player option with the Lakers for one season and $4.55 million. "I definitely didn't want to go in with one year not really knowing what to expect in that situation," Sessions said Tuesday before his first game back at Staples Center, "so I kind of was looking for longevity.
December 13, 2012 |
Who would have thought the baseball off-season would be so interesting? The Dodgers spent a lot of money and added the top pitching free agent Zack Greinke, getting him from the Angels. And then on Thursday the Angels added Josh Hamilton, the top hitting free agent. What's left are a lot of questions and speculation about what might happen. Here's an attempt at some answers. Does the increased payroll mean increased ticket prices for both teams? Probably not. The Dodgers released their season-ticket prices in October and they weren't significantly different than they were a year ago. Here's something to remember: Ticket prices are largely based on supply and demand.