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Sure, the Tribune Co. has owned the L.A. Times since 2000. But the Chandler family's trust kept the land at 1st and Spring streets in Downtown, so the Times had to pay rent. On Monday, Tribune announced it acquired the land under the Times and several of its other newspapers, tying it to the sale of the Tribune Studios in Hollywood and other land. Not much sentiment involved: "This tax-efficient transaction gives us complete control over some very strategic real estate assets in major markets around the country, particularly in downtown Los Angeles,” said Stephanie Pater, Tribune’s director of real estate. Reuters
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| CBS and ABC have far bigger fish to fry - namely whether their stations can get back the auto and retail advertising that fell off a cliff in 2009.
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| After a tough year financially, the Museum of Contemporary Art put on a gala party to celebrate with 1,000 of its closest friends.
One of the last of Doug Ring’s many good deeds was a visit to the Los Angeles Times editorial board with members of Housing LA, an organization advocating affordable housing for the thousands of residents being forced out of the city by high rents.
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