In the aftermath of the letter from Warren Christopher and others urging the Tribune to shape up in Los Angeles or get out, today's report on August revenues finds the chain's newspapers down 2.3%. Mark Lacter at LA Biz Observed writes that "the elephant in the room was national advertising - down 11 percent due to 'weakness across most categories.'" Continued...

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11:31 AM Fri | The actor gives CBS' "Person to Person" a tour of his Studio City home of 20 years. He moved to Los Angeles almost ten years before; his dad Nick Clooney...
Mark Lacter, LA Biz Observed
12:26 PM Fri | One more reminder of how unpredictable these tax receipts can be.
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