Advertisement
YOU ARE HERE: LAT HomeCollectionsAeg
IN THE NEWS

Aeg

FEATURED ARTICLES
OPINION
March 17, 2013
Re "Playing ball with AEG," Editorial, March 15 The Times' editorial board cannot control its bias even when writing about a business topic. Regarding the editorial's description of AEG owner Phil Anschutz as "the conservative Denver billionaire," noting Anschutz's political persuasion is completely irrelevant. The fact that some of our less-than-ideal local leaders might have reservations about him because of his politics should be ridiculed. Anschutz has brought much economic benefit to the area.
ARTICLES BY DATE
BUSINESS
April 20, 2014 | By Roger Vincent
Last year, Los Angeles entertainment giant AEG weathered a major corporate shake-up, endured a six-month trial spotlighting its role in the last days of Michael Jackson and fell short in its efforts to bring L.A. a pro football team. Even so, the company - owner of Staples Center, L.A. Live and the Los Angeles Kings hockey team - seems to be on the rebound. Although AEG has taken a decidedly low profile in Southern California in recent months, the company has seen most of its worldwide operations surge.
Advertisement
SPORTS
October 18, 2008
Interesting that AEG will be involved in bringing sports teams to China. Kings fans have been getting shanghaied by them for years. Jamie Rocamora Los Angeles
CALIFORNIA | LOCAL
January 4, 2014 | By Kate Mather
A Los Angeles judge heard arguments Friday over her tentative ruling this week denying Katherine Jackson's request for a new trial against entertainment giant AEG Live in the death of her son, Michael Jackson. Los Angeles County Superior Court Judge Yvette Palazuelos took the case under submission following the morning hearing, which came three months after jurors decided AEG was not responsible for Jackson's death. Palazuelos issued her tentative 44-page ruling Thursday. When the judge makes her final decision, the parties will have 30 days to file an appeal.
BUSINESS
September 19, 2012 | By Tiffany Hsu
The whispers started right away: Was Patrick Soon- Shiong , a Los Angeles billionaire-doctor-philanthropist-businessman, on the shortlist of potential buyers for entertainment giant AEG ? Soon after the company put itself on the block Tuesday, Soon- Shiong representative Chuck Kenworthy confirmed that the mogul “is keenly aware that AEG is in play” and is “interested.” Here, a look into the life of the founder of Abraxis BioScience Inc. who, as of Wednesday, was the 47th- richest person in America and the wealthiest in Los Angeles . Soon- Shiong was raised in apartheid Sou th Africa by his Chinese immigrant parents; his father fled China during World War II and practiced traditional Asian medicine.
OPINION
September 13, 2012
Re "Tackling AEG," Opinion, Sept. 10 Jim Newton's Op-Ed column begins with a promising, to-the-point headline, one that implies that the interests of the people of Los Angeles are in conflict with developer AEG's. But in his second paragraph Newton writes, "AEG, the developer, has so successfully courted influence over the years that it's hard to drive a hard bargain. " Why say it so politely? What Newton must actually mean is, "AEG owns Los Angeles; it has paid off so many officials for such a long period of time that there is no one left to defend the city's interests.
OPINION
September 17, 2011
Few issues have drawn such one-sided response from our letter writers as the proposed football stadium in downtown Los Angeles. So when The Times published an editorial on Sept. 4 supporting a state bill to expedite judicial review of the project (a narrower accommodation than the broad protection from environmental lawsuits that developer AEG had asked for originally), and a follow-up editorial on Sept. 12 calling for a comprehensive review of the California Environmental Quality Act, several readers expressed incredulity over the paper's position.
ENTERTAINMENT
February 5, 2013 | By Todd Martens
In its bid to create a ticketing system that can eventually compete head-to-head with Ticketmaster, Los Angeles entertainment giant AEG is putting forth a bold argument: The long-standing concept of the morning on-sale needs to die.  "It's 2013, a 24-7 fully-distributed on-demand world, and we still have this process that's a legacy of how we used to sell tickets 30 years ago, when you stood in line outside of Tower Records," said Bryan Perez,...
CALIFORNIA | LOCAL
May 7, 2013 | By Jeff Gottlieb
Michael Jackson's doctor showed warning signs that should have led concert promoter AEG to raise serious questions before letting him sign on as the singer's physician for an anticipated comeback tour, a cardiologist testified Tuesday.       Dr.  Daniel Wohlgelernter, who practices in Santa Monica and who has taught at Yale and UCLA medical schools, spent Tuesday as an expert witness testifying on behalf of Jackson's mother and three children, who have filed a wrongful death suit against AEG, the entertainment company that promoted Jackson's 50 London concerts.
SPORTS
March 5, 2013 | By Sam Farmer
In a story posted Monday, Yahoo's Jason Cole reported AEG's proposal for a downtown NFL stadium “is essentially dead” to the league, citing two NFL sources who say the numbers don't make sense. For months, the league has made it clear it will only return to L.A. when the right deal is on the table, and that deal has yet to materialize. I wrote about that in August. But the most intriguing aspect of the Yahoo report is that it is counter to the way the league has operated throughout the 18 years L.A. has been without a team.
BUSINESS
December 11, 2013 | By Hugo Martín
The city-owned Los Angeles Convention Center entered a new era Tuesday when a new general manager was named by the private company hired to run the facility. Anschutz Entertainment Group, which won a contract to run the center in October, named Brad Gessner to the post. He most recently served as general manager of the 2.6-million-square-foot San Diego Convention Center for six years. The L.A. Convention Center offers 720,000 square feet of exhibit space, 46,000 square feet in two event halls and 102,000 square feet of column-free space in a sky-lighted meeting room.
SPORTS
November 25, 2013 | By Sam Farmer
Is rocker Jon Bon Jovi angling to be an NFL owner? According to a report by CBS' Jason La Canfora, Bon Jovi is "consumed" with buying an NFL team and is positioned to make a play for the Buffalo Bills when they eventually are up for sale. Bills owner Ralph Wilson, 95, has said the team will not remain in his family after his death. The CBS report, citing unnamed source, said Rogers Communications in Toronto is the "prime suitor" for the franchise, but that Bon Jovi "has spent considerable time in the area getting to know politicians and power brokers and even added a [concert]
ENTERTAINMENT
November 25, 2013 | By Ryan Faughnder
Anschutz Entertainment Group has parted ways with Randy Phillips, the chief executive of its live entertainment arm AEG Live, the company said Monday. Jay Marciano, AEG's chief operating officer, has been named AEG Live's chairman.  The exit of Phillips, who joined the company in 2002, is part of a restructuring of the division's management, in which Marciano will take a more active role in leading the subsidiary with a team of executives.  ...
BUSINESS
November 5, 2013 | By Roger Vincent
Images of a $350-million sports and entertainment arena planned for the Las Vegas Strip were unveiled Tuesday by developers AEG and MGM Resorts International. Construction of the previously announced 20,000-seat arena is expected to begin in April, AEG said. Upon completion in early 2016, the arena will be available to host professional basketball and hockey, though it doesn't have affiliated teams at this point. The arena is also expected to be used for concerts, boxing, mixed martial arts, family shows, award shows and other major events.
CALIFORNIA | LOCAL
October 9, 2013 | By Catherine Saillant
Los Angeles City Council members agreed Wednesday to pay Anschutz Entertainment Group up to $350,000 a year to operate the city's ailing downtown convention center. The five-year contract provides AEG an annual base fee of $175,000 with the potential to double that if it meets certain targets, such as raising revenues and bookings at the 1970s-era facility. Wednesday's unanimous vote culminated a nearly yearlong effort to find a private operator for the city-owned convention center and negotiate a contract that can benefit both the city and its new management team.
CALIFORNIA | LOCAL
October 9, 2013 | By Catherine Saillant
Hoping that an outside manager can bring more dazzle to the Los Angeles Convention Center, City Council members agreed Wednesday to pay Anschutz Entertainment Group up to $350,000 a year to operate the dated downtown venue. The five-year contract provides AEG an annual base fee of $175,000 with the potential to double that if it meets certain targets, such as raising revenues and bookings at the 1970s-era facility. The unanimous vote culminated a nearly yearlong effort to find a private operator for the city-owned Convention Center and negotiate a contract that will benefit both the city and its new management team.
SPORTS
September 19, 2012 | By Bill Shaikin
The Anschutz Co. expects its sports and entertainment empire to sell for at least $5 billion, two people familiar with the sale process told the Los Angeles Times. The so-called "bid books" for the AEG sale have not been distributed to potential investors, said the people, neither of whom was authorized to comment publicly. The book lists the assets for sale and provides confidential financial information about them. A sale is not expected to be completed until next year. Colony Capital, a Santa Monica-based real estate investment firm, is interested in exploring a bid for AEG, a person familiar with the process said Wednesday.
BUSINESS
March 14, 2013 | By Ricardo Lopez
Billionaire Philip Anschutz said Thursday he has decided not to sell AEG, the entertainment giant that controls the Staples Center, LA Live and the Los Angeles Kings. Anschutz said he plans to resume a more active role in the company. He announced in September that he was seeking bidders in a sale that some insiders said could fetch $7 billion. AEG: A look back Potential bidders for the company were said to be Los Angeles billionaire Patrick Soon-Shiong, and well-known names such as Mark Cuban and powerhouse Santa Monica investment firm Colony Capital.
SPORTS
October 9, 2013 | Bill Dwyre
As far as the NFL and Los Angeles go, all is quiet on the Western front. Or maybe we just need to look more closely. The leading location remains AEG's downtown Farmers Field. Phil Anschutz's exclusive bargaining window is open until November 2014. It is "shovel-ready," as developers say. Money is in the bank. Entitlements have been taken care of. AEG is an owner-landlord in waiting. It is a quieter effort now, since Tim Leiweke left AEG. He was effective, hard-charging, persuasive, but never quiet.
Los Angeles Times Articles
|