CALIFORNIA | LOCAL
June 5, 2013 |
His name is Dr. Tohme Tohme, and although he has not taken the witness stand in the Michael Jackson wrongful death case, he was the center of attention Wednesday. Tohme was one of Jackson's many managers, who seemed to come and go. “With Michael Jackson and his advisers you needed a scorecard,” testified Randy Phillips, chief executive of AEG Live, which was promoting and producing the singer's comeback concerts. Phillips said he was introduced to Tohme in a meeting at the Century City offices of Colony Capital, the investment firm that held the mortgage on Jackson's Neverland Ranch.
July 8, 2013 |
The Miramax film company's attempts to reestablish itself as a Hollywood powerhouse hit another snag with the resignation of Chairman Richard Nanula, a veteran executive who formerly held prominent posts at Walt Disney Co. and Amgen Inc. Nanula's departure Sunday came after two websites published photographs last month of a man they identified as the executive having sex with an adult-film actress. Nanula, 53, and his attorney did not respond to requests for comment. PHOTOS: Hollywood Backlot moments Miramax, founded by brothers Harvey and Bob Weinstein in 1979, produced a string of Oscar-winning films, including "Chicago" and "Shakespeare in Love.
March 15, 2012 |
Stanley Gold and Leo Hindery, the leaders of the two Dodgers bid groups rejected by Major League Baseball, will appeal to a court-appointed mediator, two people familiar with the process said Thursday. Joseph Farnan, the mediator overseeing the sale of the Dodgers for the U.S. Bankruptcy Court, is scheduled to hear from Gold and Hindery on Monday, the people said. Farnan is expected to rule Tuesday. The 30 major league owners are expected to vote to approve or reject all remaining bidders next Thursday or Friday.
June 27, 2013 |
After the coffee. Before going back to my salad diet. The Skinny: Had dinner at the iconic diner Pann's on Wednesday night and now I can't move. But it was worth it. Thursday's headlines include a potential scandal involving a top Miramax executive, CNN bringing back "Crossfire" and moguls getting ready for Allen & Co.'s annual Sun Valley, Idaho, conference. Daily Dose: While Food Network personality Paula Deen continues to get beaten up by the media and business partners (see below)
September 25, 2009 |
Tom Barrack is considered one of the savviest commercial real estate investors of the last 20 years. But his bid to lure public investors to join with him fell far short this week. Barrack, the 62-year-old founder of L.A.-based real estate and private-equity giant Colony Capital, wanted to raise $500 million via a new real estate investment trust that would buy troubled commercial property debt. His Wall Street bankers could rustle up only half that sum from investors. The initial public stock offering of Colony Financial Inc. raised $250 million Wednesday by selling 12.5 million shares at $20 each, instead of the 25 million shares Barrack had wanted to issue.
April 10, 2012 |
Troubled film financier David Bergstein has sued the owners of Miramax, alleging that they denied him money and an equity stake owed for his role in the acquisition of the film label from Walt Disney Co. in 2010. The suit, filed Monday in Los Angeles Superior Court by the law firm Weingarten Brown, contends that Bergstein — who has been involved in dozens of lawsuits, many related to his activities in the film business — played a crucial role in the deal to acquire Miramax. It asserts that Santa Monica private equity firm Colony Capital, one of Miramax's new owners, and its principal Richard Nanula conspired to deny Bergstein a $6.1-million fee and 3.3% stake they agreed to provide him as part of the purchase.
January 24, 2001 |
Two affiliates of buyout firm Colony Capital of Los Angeles have terminated their previously announced plan to buy casino operator Pinnacle Entertainment Inc. in a deal valued at about $1.3 billion. Glendale-based Pinnacle said the parties involved, which had previously agreed on a Jan. 31 extension of their deadline to close the deal, "mutually agreed that the merger agreement and all related transaction documents have been terminated."
November 2, 2012 |
Tom Barrack's Colony Capital is taking a big step into foreclosures. The Santa Monica real estate investment firm won an auction by the federal government to purchase 970 foreclosed homes in California, Arizona and Nevada from mortgage titan Fannie Mae for $176 million. Barrack, owner of Colony Capital in Santa Monica, has had his name associated as a contender for several high-profile deals this year. He tried unsuccessfully to buy the Dodgers and he is considered a potential bidder for Anschutz Entertainment Group, better known as AEG, the Los Angeles sports and entertainment giant behind Staples Center and L.A. Live.
September 19, 2012 |
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.