He becomes the second largest shareholder, vice chairman of the board, and Michael Ferro's defense against a takeover by Gannett.
Business and economy
News and observations on the economy, business, real estate, aerospace, tech, wealth, poverty and more.
Incorporating LA Biz Observed.
The Los Angeles Business Journal's annual exercise of estimating net worth has again tabbed Patrick Soon-Shiong as number one. Here are the top 10.
Early-rising onlookers and photographer Gary Leonard observed ET-94 as it came around the breakwater this morning and was offloaded.
The Chronicle, KQED and 28 other media outlets will do stories the same day to push for a solution.
Bob Hope has been a dumb name for an airport for 12 years. So they are going with Hollywood Burbank (again.)
After sale of the real estate, the net cost for buying the OC Register and Riverside's Press-Enterprise is just $15.8 million.
ET-94 towers 15 stories high and will be displayed at the California Science Center.
"David got bored with Los Angeles a long time ago,” says Tina Brown.
The Belmont Shore booksellers have been in business together for 23 years in different locations.
California's Secretary of State put his family in a Burbank hotel about six weeks ago.
The proprietors of Traveler's Bookcase on West 3rd Street announced to customers via email that they are in the process of shutting down. The closing clearance sale begins today and...
When I talked to Los Angeles City Councilman Jose Huizar, I got the feeling that the city may be moving away from its punitive approach to homelessness and toward something more humane and practical.
Wendy Greuel with Bill Clinton at Langer's Deli during the 2013 mayoral campaign. Photo: Gary Leonard. Eric Garcetti and Wendy Greuel were City Hall allies, and I believe friends, before...
When the first storms thrown our way by El Niño were bearing down last week, the Los Angeles-based staff writer for the New Yorker, Dana Goodyear, went out and gave...
“No one should expect the problem to be solved overnight,” cautioned former Los Angeles County Supervisor Zev Yaroslavsky when I asked him about the latest and most promising aid proposal.
On the third try, SpaceX brings back the Falcon 9 and lands it on a pad at Cape Canaveral. Video inside.
The family-owned store that opened in 1957 was sold just five months ago. Lots of other changes coming to Westwood Village soon.
NPR series looks at aerospace jobs and the garment industry.
The last military transport to be made in Long Beach flew off Sunday, symbolically ending the era of aircraft manufacturing here.
Chicago's Tribune Media wants to cash in on the hot real estate market in downtown Los Angeles.
“Homelessness is a problem that involves thousands of people and requires a massive response but at the end of the day it’s really about one person at a time,“ said Miguel Santana, Los Angeles’ city administrative officer.
Twenty years later, Amazon has decided what it really needs is a physical, brick and mortar retail store to sell books.
He is a bean counter "actually worth writing about" and the point man in City Hall on the homeless issue, says the Downtown News.
In the heart of Silicon Valley, a milestone has been reached. Plus more progress at Harvey Mudd.
The Center for Investigative Reporting got the story rolling. Now Steve Lopez is on the case.
A month before shooting her famous migrant mother, Lange documented the "Mexican quarter" before it was razed for downtown's Union Station.
The web operation is still looking for the right LA headquarters, but for now BuzzFeed Motion Pictures is moving to Siren Studios.
Report is that LA's richest person is "seriously considering" a bid but has not contacted Tribune. Not that the Times is even for sale.
Mark Lacter and LA Biz ObservedMark Lacter created the LA Biz Observed blog in 2006 and posted until his death on Nov. 13, 2013. His 10,000-plus posts are archived here.
New at LA Observed
StreetscapeSanta Fe Avenue, downtown Arts District.
Face paintingA Sunday afternoon in the downtown piñata district. Bigger
Mellow DTLA SundayLate afternoon in the courtyard at Hauser Wirth & Schimmel.
Homework tableThe communal table at Verve Coffee Roasters on Spring Street is always packed.
Death Valley gets all floweryGrace Peng's daughter wonders, is it Death Valley or Spring's Meadows? Native Intelligence
StreetscapeIglesia Aposento Alto. Cantara Street in Sun Valley.
StreetscapePort of Los Angeles.
LA's ghost streetsWriter Geoff Manaugh observes the shapes of blocks, yards and homes that reveal the existence of old streets. More
Down by the riverEgyptian geese in the Los Angeles River channel near the 6th Street Viaduct. Photo: Anna Sklar.
Gone but not forgottenA presence of the late downtown newspaper the Garment & Citizen remains on a Spring Street wall.
Colors of the seasonThe day before Thanksgiving. Veronique de Turenne
PCH blueNot a bad commute. Veronique de Turenne
Griffith Observatory in the '30sDon Bentley submitted this family snapshot. Not much growth on those hills.
Spring Street streetscapeFirst Whole Foods arrives downtown. Now health food for dogs.
Rain RoomMuch-anticipated installation at LACMA requires timed tickets. A peek inside.
Lines of miscommunicationOnly in LA: Steve Harvey's latest column.