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FROM THIS EPISODE

The Assembly and Senate convened today after a long recess. Immediately there was talk of passing the state budget, and we’ll work our way through that maze tonight. On Reporter’s Notebook, the shareholders of the Tribune company meet tomorrow. Will they okay the sale of the LA Times?

Producers:
Karen Radziner
Christian Bordal

Main Topic Will Sam Zell’s Deal for the Tribune Company Get Stalled?

Last week, Sam Zell, the real estate magnate and likely new owner of the LA Times, made his first visit to the paper since offering to buy the Tribune Company. Zell’s meeting with senior management was off the record.  Tomorrow, Tribune shareholders will meet in Chicago. Will they vote their approval for his 8.2 billion dollar plan? Even if they do, can the company and its lenders close the deal? 

Guests:
Michael Hiltzik, Los Angeles Times (@latimeshiltzik)

Main Topic Tentative Deal Could End California’s 51-Day Budget Delay

Late this afternoon, there was word that Senate Republicans had made a deal with the Democrats, seven weeks after the June 30th deadline. In the meantime, the Assembly passed a budget and left town. Today, both houses were back in session.

Guests:
Dan Weintraub, California Health Report (@HealthyCal)
Ed Mendel, CalPensions.com
Eduardo Gonzalez, Owner and Administrator of the Fillmore Convalescent Center

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