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Transfer Of Ownership

November 14, 1985 | United Press International
The Federal Communications Commission today approved two major broadcast deals, allowing Capital Cities Communications Inc. to buy the ABC television network and publisher Rupert Murdoch to acquire a chain of independent TV stations. The commission approved the first transfer of ownership of a television network in giving the green light to the $3.5-billion ABC-Capital Cities merger. Australian-born media magnate Murdoch was permitted to buy the chain of television stations from Metromedia Inc.
May 8, 1996 | PAUL ELIAS
In a continuing exchange of lawsuits and counter-suits, the owner of Oxnard-based KADY-TV is being sued for libel by the former owner of the station, court documents filed Tuesday show. Former owner Donald Sterling filed the libel suit in Ventura County Superior Court, alleging that a press release that KADY President John Huddy issued concerning their legal battles was purposely and maliciously false.
February 26, 1999 | From Bloomberg News
Boeing Co., the world's biggest aircraft builder, which earlier this week disclosed a top-to-bottom review to weed out products and programs that aren't profitable, said Thursday it plans to sell a Long Beach-based technical services unit to a management buyout team backed by BankAmerica Corp. Terms weren't disclosed. The 150-employee unit, known as McDonnell Douglas Technical Services, provides skilled contract engineers and technicians to U.S. companies, including Boeing.
April 5, 2003 | Roger Vincent, Times Staff Writer
A jury verdict in favor of former investors in a series of limited partnerships operated by Los Angeles apartment tycoon Alan Casden was upheld by a federal judge, but damages were reduced by $64 million to about $120 million. Casden and his associates at Casden Properties Inc. were found guilty in November of violating federal securities laws and breaching their fiduciary duties.
Employees and listeners of talk station KFI-AM (640) and adult contemporary music outlet KOST-FM (103.5) can rest easy, but not those of R&B oldies station KACE-FM (103.9). The incoming owner of KFI and KOST has "no plans at this time for changes in the stations' programming or personnel," a spokesman for Dallas-based AMFM Inc. said this week. "Those are great stations," spokesman Joseph N. Jaffoni explained.
November 6, 1990 | JOHN PENNER
City Council candidate and former Mayor Jack Kelly has failed to pay $23,615 owed to the previous owners of his weekly newspaper, according to a lawsuit filed Friday. In the suit, filed in West Orange Municipal Court, Jeff Brown and Allison Okada claim that Kelly agreed to purchase their majority interest in the Huntington Beach News for $20,000 last year, has been publisher since then, but has never paid.
January 3, 2001 | From Times Wire Services
A senior bank official told the impeachment trial of Philippine President Joseph Estrada on Tuesday that her boss ordered her to cover up Estrada's ownership of a multimillion-dollar account under a false name. The testimony by Clarissa Ocampo, senior vice president of Equitable PCI Bank, reopened the Senate's trial after a 10-day recess as prosecutors pressed their case that Estrada hid an undeclared fortune in a bank run by a friend.
January 14, 1992 | LESLIE EARNEST
As a result of an agreement between the city and a local developer, Laguna Niguel now owns a 120-acre park that includes more than 100 acres of open space for hikers, bicycle riders and equestrians. Combined with the adjacent Salt Creek Park, the city's takeover of Chapparosa Community Park provides a total of more than 400 acres of open space and parkland in the area, City Manager Tim Casey said. "We have taken ownership of the 120 acres forever," Casey said.
A home for developmentally disabled residents that was accused of providing inadequate care has been given six months to improve conditions, state officials said Friday. The state Department of Health Services had threatened to cut Medi-Cal funding to Casa Grande after inspections of the home in November and December that revealed several alleged deficiencies.
August 31, 1989 | BRUCE KEPPEL, Times Staff Writer
Attorneys for BAT Industries, the London-based parent of Farmers Group in Los Angeles, urged state insurance regulators to scrutinize each stage of what they portray as a triple change in Farmers' ownership if investor groups succeed in taking control of BAT. The $13.4-billion bid for BAT Industries, made by an investor group headed by Sir James Goldsmith, calls for the immediate sale of Farmers to a French company, Axa Midi Assurances of Paris.
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