September 24, 2012 |
Hollywood's 107-year-old industry trade publication Variety and 6-year-old online competitor Deadline, headed by editor Nikki Finke, may soon be housed under the same corporate roof. Penske Media Corp., the owner of Deadline and six other online properties, is now the leading bidder for Variety, partnered with private equity fund Shamrock Capital Advisors, according to two knowledgeable people not authorized to discuss the matter publicly. The company, led by Jay Penske, the 33-year-old son of automobile magnate Roger Penske, could close a deal to purchase the paper in the next three weeks for around $30 million, one of the people added.
October 17, 2013 |
MEXICO CITY - Five years and millions of U.S.-supplied dollars later, Mexican authorities are acknowledging they are still a long way from purging and improving local and federal police forces, among the most corrupt institutions in the country. The deadline for certifying hundreds of thousands of police nationwide -- already blown once -- is Oct. 29. This week, the government said the process will not be completed by that date and suggested there should not be a deadline at all. “We will never reach 100%; it's impossible,” Interior Minister Miguel Angel Osorio Chong, the nation's top security official, said at a forum on public safety.
CALIFORNIA | LOCAL
December 2, 2009 |
University of California officials have extended the application period for undergraduate admissions after a computer slowdown kept some students from filing their online applications in time for Monday night's deadline. The new deadline is 11:59 p.m. Tuesday. Susan Wilbur, UC's director of undergraduate admissions, said her office is investigating the cause of the computerized malfunction that at least temporarily blocked some panicked last-minute filers from submitting applications on Sunday and Monday nights.
May 9, 2011 |
A top Democrat in the Senate said Monday that Congress should pass a debt-ceiling increase no later than mid-July -- weeks before a Treasury Department deadline -- to avoid the expected turmoil in the financial markets if partisan infighting prolongs the debate. "We ought to have plenty of breathing room -- this should not be an hour, a day or even a week [before the deadline]," Sen. Charles E. Schumer of New York, the No. 3 Democrat in the Senate, said during a call with reporters.
October 9, 2012 |
The Hollywood trade paper Variety has been acquired by Penske Media Corp. and its financial backer, hedge fund Third Point, for about $25 million, in a power shift for the world of show business and a transformation of the industry's most famous news brand. Santa Monica-based Penske already owns Deadline.com, the website that has in just six years become a dominant news source for show business professionals and, together with online competitor Wrap and a resurgent Hollywood Reporter, stolen much of the thunder that belonged to Variety for its 107-year history.
November 27, 2011 |
Some civil rights attorneys are questioning the decision by Mayor Antonio Villaraigosa and Los Angeles Police Chief Charlie Beck to set a deadline for removing Occupy L.A. protesters encamped on the City Hall grounds. The mayor and chief announced that the deadline would be 12:01 a.m. Monday, though many protesters are vowing to stay. While civil rights activists have praised the LAPD for showing restraint with protesters, they fear that setting a deadline could cause problems.