June 18, 1995
Re: "Concert Business Awaits the Word on Ticketing Issue" (May 30). Rather than outlaw exclusive contracts between event promoters and ticket distributors, I'd attack the fee arrangements as misleading advertising. It's a "truth in advertising" loophole that lets promoters advertise tickets at less than their actual price by splitting out the difference as a separate fee. As far as actual costs are concerned, I wouldn't be surprised if economies of scale let the distributors distribute tickets for less than it would cost the promoters to handle their own distribution.
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.
CALIFORNIA | LOCAL
November 26, 1996 |
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 |
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 |
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.
February 20, 2014 |
Activist hedge fund manager Bill Ackman continued his relentless attack on Herbalife, releasing a report that accuses millionaire Herbalife distributor John Tartol of misleading others into selling the company's nutrition products. Ackman's company, Pershing Square Capital Management, said in the report released on its website Thursday that Tartol has made millions of dollars by misleading people into believing they can get rich as independent Herbalife distributors. “What took us that many years to do - 25, 30-plus years - you can all do in the next six, seven, eight years,” Tartol said at a 2011 Herbalife convention in Las Vegas, according to Ackman's report.
January 10, 2013 |
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.
April 18, 2013 |
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.
June 13, 2013 |
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.