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BUSINESS
December 13, 1992
While James Bates wrote a balanced column ("Footnotes," Dec. 7) about my multilevel marketing business, he made one serious slip of the word that unfairly indicted my company. When he wrote, "Omnitrition is a 'multilevel marketing' company, in which distributors make money when they recruit other distributors," he inadvertently accused us of illegal activity. Not only is the statement absolutely wrong, making money strictly off recruitment, in fact, is against federal law. Omnitrition is a legal company providing part-time and full-time financial opportunities for thousands.
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BUSINESS
October 23, 2013 | By Michael Hiltzik
It looks like former Los Angeles Mayor Antonio Villaraigosa, who we heard was intent on keeping his political options open when he left City Hall this summer -- a run for governor was mentioned -- has instead decided to go for the money. The question is how many conflicts of interest this onetime rising Democratic star can juggle at once. Villaraigosa's newest deal is an advisory contract with the big public relations firm Edelman. That's curious, because Edelman also handles PR for hedge fund manager Bill Ackman, who has been on a months-long campaign to bring down the Los Angeles multilevel marketing firm Herbalife Ltd. -- where Villaraigosa is also a paid advisor.
ENTERTAINMENT
January 9, 2014 | By Joe Flint
After four years and tens of millions of dollars spent on developing a new channel, WWE Corp. ultimately decided to bet on itself. Its new network, unveiled Wednesday at the Consumer Electronics Show in Las Vegas , is not a traditional channel that will be distributed by pay-TV distributors including cable and satellite companies. Instead, it will be an online network that WWE fans can watch if they shell out $9.99 per month. By going the so-called over-the-top or OTT route, WWE is bypassing launching a network that would likely have been a slam dunk with distributors.
CALIFORNIA | LOCAL
November 26, 1996 | SCOTT STEEPLETON
Fifty years after its founders started doing business from a tent in the Avenue area of west Ventura, magazine distributor Schulze News Co. will close on Jan. 24. On Friday, company President Dave Schulze, 53, called the nearly 30 employees together at the headquarters on Palma Drive in Ventura to break the news. He cited competition among distributors as the reason for the closure. He said Schulze News Co.
BUSINESS
May 3, 2013 | By Stuart Pfeifer
Things are starting to get personal in the battle between hedge fund manager Bill Ackman and Herbalife Ltd., the Los Angeles nutritional products company he's accused of operating a long-running pyramid scheme. Herbalife spokeswoman Barbara Henderson said today that Ackman is making false allegations about the company because he's “increasingly desperate to distract the market from focusing on his J.C. Penney disaster.” Ackman's Pershing Square Capital Management owns nearly 18% of struggling J.C. Penney, which has seen its stock drop 12% this year.
ENTERTAINMENT
December 12, 2013 | By Joe Flint
Looking to bring an end to channels going dark as a result of contract disputes between broadcasters and pay-TV distributors, two lawmakers are proposing legislation that could radically alter the media landscape. Reps. Anna Eshoo and Zoe Lofgren, both California Democrats, on Thursday introduced the Video CHOICE (Consumers Have Options in Choosing Entertainment) Act, which was praised by pay-TV distributors and criticized by broadcasters. "My bill would put an end to broadcast television blackouts and ensure consumers aren't held hostage by a dispute they have no control over," said Eshoo, who is ranking member of the House Communications and Technology Subcommittee.
BUSINESS
January 10, 2013 | Alana Semuels
NEW YORK -- The investor presentation featured protein shakes and granola bars, entreaties for more hugs in the world, and accusations of lies and snobbery, all to counter a $1-billion bet that Herbalife, the Southern California company, will soon go down the tubes. Who says Wall Street is more boring these days? The presentation was the latest move in a battle between Herbalife, which sells nutrition powders, bars and vitamins through a network of individual distributors, and Bill Ackman, founder and chief of Pershing Square Capital Management.
BUSINESS
June 13, 2013 | By Stuart Pfeifer, This post has been updated. See the note below for details.
A California congresswoman asked the Federal Trade Commission to investigate allegations that Herbalife Ltd. operates a well-disguised pyramid scheme that victimizes “our country's most vulnerable populations.” Rep. Linda T. Sanchez (D-Cerritos) said in a letter to FTC Chairwoman Edith Ramirez that she was “troubled that this company may be harming consumers,” noting allegations that Herbalife's independent distributors are compensated more for recruiting new distributors than for sales.
ENTERTAINMENT
April 18, 2013 | By Dawn C. Chmielewski
Marketers say they plan to increase spending on online brand advertising in a new report that comes just weeks before the major digital distributors are preparing to woo Madison Avenue in a series of advertising presentations. The new 2013 Online Advertising Performance Report, produced jointly by the CMO Council and the Nielsen Co.'s Vizu, a unit that specializes in measuring online ad effectiveness, found that advertisers are changing how they view the medium. Though they once used online primarily for direct response, marketers who responded to this year's survey said they plan to allocate more of their digital dollars to brand advertising that's used to promote a company, product or service.
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