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ENTERTAINMENT
December 13, 2012 | By Joe Flint
This post has been corrected. See below for details. CBS has won an at-times bitter fight to hold on to its contract to sell advertising on Los Angeles County buses and trains. The board of the Los Angeles County Metropolitan Transit Agency voted 7-2 Thursday to approve CBS' bid of $110 million for a five-year renewal agreement that will start in 2013. CBS has held the contract for more than 30 years. CBS faced competition from outdoor advertising company Titan, which bid $117 million in an effort to snag the contract.
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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.
ENTERTAINMENT
October 17, 2012 | By Richard Verrier
Costume designers and art directors who work on such shows as HBO's "Boardwalk Empire" have a new three-year contract. The new contract, which includes 2% annual wage increases and higher contributions to the union health plan, was unanimously ratified by members of United Scenic Artists Local USA 829, which is part of the International Alliance of Theatrical Stage Employees. The contract will run through September 30, 2015 and applies to scenic artists and designers, art directors, costume designers, art department coordinators and their assistants working in feature film and television production in the city of New York, Nassau County and the Meadowlands area of New Jersey.
ENTERTAINMENT
September 18, 2012 | By Joe Flint
The Los Angeles Metropolitan Transportation Agency has reiterated its support for CBS' bid to renew its contract to sell advertising on county buses and trains. In a report to the MTA board of directors released Monday that will be officially presented Thursday, the staff favored CBS Outdoor over Titan, a rival outdoor advertising company that also sought the rights. This is the second time the MTA staff has backed CBS. In July, it approved CBS' bid of $110 million for a five-year contract.
SPORTS
July 20, 2013 | By Broderick Turner
The Clippers and free-agent center Byron Mullens reached agreement on a two-year contract Saturday, according to NBA executives who were not authorized to speak publicly on the matter. Mullens' deal is worth about $1 million per season. He can opt out of the contract after one season. Mullens is expected to sign his contract with the Clippers on Monday or Tuesday. The 7-foot Mullens averaged 10.6 points and 6.4 rebounds per game last season with Charlotte. He shot 38.5% from the field, 31.7% from three-point range.
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.
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.
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)
ENTERTAINMENT
October 18, 2012 | By Meg James
When CBS Corp. chief executive Leslie Moonves signed a new contract this week, he was awarded additional stock and option grants above his typical allotment. Moonves received additional company shares worth $14.5 million, which will vest in 2014 and 2015, according to a filing Thursday with the Securities and Exchange Commission. Separately, Moonves received options worth $7.5 million. Those vest next year. Moonves' new contract extended the 63-year-old media executive's departure date to June 2017.
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