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ENTERTAINMENT
September 11, 2012 | By Joe Flint
CBS Corp. is blanketing Los Angeles with billboards trumpeting how many Angelenos it employs and the billions of dollars it contributes to the city's economy. But this isn't part of some feel-good campaign by the media giant. At issue is CBS' contract with the Los Angeles County Metropolitan Transportation Authority (MTA) to sell advertising on county buses and trains. CBS, which this year received MTA approval on a $110-million bid to renew its contract for an additional five years from 2013 through 2018, is trying to derail a rival's effort to get that winning bid overturned.
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BUSINESS
November 15, 2013 | By Salvador Rodriguez
Although Apple no longer sells the iPhone 5, Wal-Mart said customers can still pick up the 2012 smartphone at its stores, now available for $29 with a two-year contract from AT&T or Verizon. Wal-Mart has been selling the device since September, when Apple introduced its latest iPhone models and discontinued the iPhone 5. Previously, the giant retailer sold the iPhone 5 for $79; it cut its price by $50 on Friday. The iPhone 5 at Wal-Mart is a nice option for users interested in an iPhone with a 4-inch screen.
SPORTS
December 10, 2012 | By Dylan Hernandez
Zack Greinke can become a free agent halfway through his six-year, $147-million contract with the Dodgers, according to people familiar with his deal who were unauthorized to talk about it. Greinke passed a physical examination Monday to finalize the contract, which is the largest a right-handed pitcher has ever received. The Dodgers wouldn't grant Greinke a no-trade clause, following a precedent they set in negotiations with Matt Kemp and Andre Ethier. But if Greinke is traded at any time, there is a provision in his deal that would allow him to elect free agency at the end of that season.
SPORTS
December 14, 2012 | By Dylan Hernandez
Zack Greinke's six-year deal with the Dodgers could be worth as much as $158 million, according to a person familiar with the details of the contract. But it's unlikely Greinke will collect the full amount, as it would require him to win six Cy Young Awards and be traded. Greinke's contract is guaranteed for $147 million. He will be paid a signing bonus of $12 million in several installments from this month to February 2014. His annual salary breakdown is as follows: 2013: $17 million 2014: $24 million 2015: $23 million 2016: $24 million 2017: $23 million 2018: $24 million Greinke's base salary in 2018 will increase to $26 million if he pitches 1,000 innings in his first five years of the contract.
SPORTS
November 26, 2012 | Staff and wire reports
Evan Longoria says he wants to be with the Tampa Bay Rays for his entire big league career. The slugging third baseman got his wish Monday when he and the Rays agreed to a $136.6-million, 10-year contract that adds six guaranteed seasons and $100 million. "I always wanted to be kind of a benchmark player … the guy that you could think about or associate with the organization," Longoria said. "My goal from day one was to be the first player that played their whole career here, to be the first guy that came into the organization and went out in the organization, and played all the years in between.
SPORTS
February 26, 2013 | By Chuck Schilken
Oakland defensive tackle Desmond Bryant was arrested Sunday morning on a misdemeanor charge of criminal mischief after allegedly causing a commotion at a neighbor's house while inebriated. We probably wouldn't even be discussing his arrest right now ... if it weren't for that unfortunate mug shot . Now I don't want to make fun of the man -- like I said, not his finest moment. I'll just describe the mug shot as "unflattering" and let it go at that. Bryant, who was held on $1,000 bond after being booked at 9:24 a.m. Sunday, has 10 1/2 sacks in four seasons with the Raiders and is due to be an unrestricted free agent on March 12. Can you imagine potential employers searching for information about Bryant online and that's what pops onto their screens?
SPORTS
June 14, 2012 | By Steve Dilbeck
If all goes as planned, that five-year extension for $85 million that Andre Ethier just signed won't be hard to turn into a six-year, $100-million deal. The sixth year automatically vests if Ethier has either 550 plate appearances in his fifth season, or a total of 1,100 plate appearances in the last two years of the guaranteed portion of the contract, according to The Times' Dylan Hernandez. Ethier has had at least 550 plate appearances in his past four seasons, including last year (551)
CALIFORNIA | LOCAL
April 9, 2013 | By Jean Merl, This post has been corrected. See note below for details.
Citing pending litigation, Los Angeles city attorney candidate Mike Feuer on Tuesday said he won't release a copy of his unusual “win-bonus” contract with campaign consultant John Shallman. The Times had requested copies of both the original contract and modifications Feuer said he made after coming in first in the four-way primary last month. He has since been sued by a supporter of incumbent City Atty. Carmen Trutanich over the contract. “Following discussions with our counsel, given the pending litigation, we aren't releasing the contracts at this time,” Dave Jacobson, Feuer campaign spokesman, said in an email.
BUSINESS
March 21, 2011 | By Richard Verrier, Los Angeles Times
After less than three weeks of talks, the Writers Guild of America and Hollywood's major studios have reached an agreement on a new three-year contract. The tentative agreement includes a 20% increase in pay-TV residuals, a 2% increase in annual wage rates and an increase in employer pension contributions to 7.5% from 6%, according a letter the WGA sent to its 12,000 members Sunday night. Negotiations to replace the current contract, which expires May 1, began March 3. The swift agreement was widely anticipated and stood in sharp contrast to the bitter standoff that occurred in late 2007, after negotiations with the studios broke down and writers staged a 100-day strike that shut down television production and roiled Hollywood.
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