Sam Zell's Deal from Hell
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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?
Making News
California Lawmakers Running Out of Time on Budget Compromise ()
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: Director of the Institute for the Study of Politics and Media, California State University Sacramento
Main Topic
Sam Zell's Deal from Hell ()
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: former Legal Affairs Writer, Los Angeles Times
- Porter Bibb: Managing Partner, Mediatech Capital Partners
- Emily Thornton: Senior Writer, BusinessWeek
Underwriters
Which Way L.A.? is made possible in part by the Ralph M. Parsons Foundation, the Nathan Cummings Foundation, and the John Randolph Haynes and Dora Haynes Foundation, which supports study and research into policy issues of the Los Angeles region.
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