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January 9, 2014 | By Joe Flint
Satellite broadcaster DirecTV is less than thrilled with the WWE's plans to launch an online network and said it will have to rethink its relationship with the programmer and whether it will continue to offer its pay-per-view specials. As part of the WWE's online network, which will launch next month, its 12 pay-per-view specials including the hugely popular "Wrestlemania" will be made available to subscribers at a price tag of $9.99 a month. Traditional pay-TV distributors including DirecTV have for years counted on WWE's pay-per-view specials as a solid revenue source.
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.
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.
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.
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.
June 14, 2013 | By Stuart Pfeifer, Los Angeles Times
Rep. Linda T. Sanchez asked regulators to investigate allegations that Herbalife Ltd. operates a well-disguised pyramid scheme that victimizes "our country's most vulnerable populations. " The Lakewood Democrat said in a letter to the Federal Trade Commission 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. Herbalife is a Los Angeles nutritional products company that sells weight-loss shake mixes, vitamins, protein bars and other such items through independent salespeople, or distributors, who profit from their sales and from the sales made by others they recruit into the 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.
May 18, 1985 | Wm. KNOEDELSEDER JR., Times Staff Writer
On a recent weekend, customers at Aron's, a West Hollywood record store, could buy a copy of rock star Eric Clapton's 1983 album, "Money and Cigarettes," for the full price of $6.29. Or, if they took the time to flip through the nearby budget record bin, they could find the same album--brand new, still factory-sealed except for a missing top corner--for just $3.98. These days, consumers are finding it easier to buy new copies of record albums at well below the full retail price.
October 4, 2009 | Andrea Chang
Amid rising unemployment, more Americans are selling cosmetics, vitamins, kitchen knives and other goods to their friends and neighbors. Or trying to, anyway. Industry figures suggest that as the ranks of salespeople grow, the increased competition is making it harder for many to move merchandise. That has left people like Lisa Wilson stuck with closets full of unsold inventory. "You get pity purchases from your family, who feel guilty if they say no or they want to support you in your new endeavor.
September 28, 2012 | By Steven Zeitchik
Get ready for a new branch in "The Tree of Life" debate. Magnolia Pictures said Friday morning it had acquired "To the Wonder," Terrence Malick's follow-up to 'Tree," and will release it theatrically next year. The move concludes a month-long period in which distributors had vacillated on a picture that had divided audiences at the Venice and Toronto International Film festivals. Magnolia President Eamonn Bowles called "Wonder" a "romantic, haunting and beautiful film that will be endlessly rewarding for movie lovers.
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