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FROM THIS EPISODE

On this special combined edition of Which Way, LA? and Politics of Culture, it's been a period of vast upheaval at the Los Angeles Times under Sam Zell's ownership. How exactly did he manage to use the employees' pension fund as collateral? How secure are the futures of Times employees?Also, will California Republicans and Democrats take off for their national party conventions without passing a state spending plan?

Producers:
Karen Radziner

Making News California Lawmakers Running Out of Time on Budget Compromise 5 MIN, 7 SEC

It's less than a week before the Democratic National Convention and the Republicans will be meeting the week after that. Will Californians have to wait until after that before the legislature passes a budget? Barbara O'Conner directs the Institute for the Study of Politics and the Media at Sacramento State University.  

Guests:
Barbara O'Connor, Cal State Sacramento's Institute for the Study of Politics and Media

Main Topic Sam Zell's Deal from Hell 20 MIN, 2 SEC

The "deal from Hell" is what Sam Zell calls his purchase of the Tribune Company, including the Los Angeles Times.  BusinessWeek magazine calls is "one of the most disastrous the media world has ever seen." On this special rebroadcast of Politics of Culture, we hear how Zell's miscalculations will impact the paper and its long-suffering employees. Will Lewis speaks with former Los Angeles Times legal reporter Henry Weinstein, media merchant banker Porter Bibb and BusinessWeek's Emily Thornton.

Guests:
Henry Weinstein, Professor of Law and Journalism, UC Irvine
Porter Bibb, Managing Partner, Mediatech Capital Partners
Emily Thornton, Senior Writer, BusinessWeek

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