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| December 12, 2017

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Billionaire CEO Joe Ricketts shuts down DNAinfo and Gothamist, including Los Angeles operations

November 6, 2017 |

DNAinfo, the 8-year-old hyperlocal news website, abruptly shut down Thursday afternoon and ended operations of related sites, including LAist.

Joe Ricketts, chief executive officer of DNAinfo and recently acquired Gothamist, announced the decision in an online letter to readers.

“I’ve made the…


L.A. Times – Business

Infant found covered in white powder dies in Los Angeles

October 20, 2017 |

An infant died and a young girl and a woman were hospitalized after they were found naked, unconscious and covered with a white powder in a store parking lot early Thursday, Los Angeles police said.
FOX News

Lewis DVorkin is named Los Angeles Times editor in chief

October 9, 2017 |

The Los Angeles Times has named Forbes Media executive Lewis DVorkin as its new editor in chief, Ross Levinsohn, the paper’s publisher, said Monday.

At Forbes, DVorkin, 65, held roles including executive editor, editor and chief product officer. He previously worked at the Wall Street Journal,…


L.A. Times – Business

Los Angeles hotel chain to accept Chinese mobile payment options to serve tourism boom

October 4, 2017 |

With tourism from China surging, two Southern California hotels announced plans to become among the first in the region to allow guests to use the Chinese mobile payment options WeChat Pay and Alipay.

Starting in December, the Luxe Rodeo Drive Hotel and the Luxe Sunset Boulevard Hotel will accept…


L.A. Times – Business

CBS pondering sale of historic Television City studios in Los Angeles

September 29, 2017 |

The curtain may be closing on one of Hollywood’s most storied production studios — CBS Television City — where such legendary entertainers as Jack Benny, Judy Garland and the cast of “All in the Family” performed for millions of viewers.

Broadcast giant CBS Corp. is pondering the sale of its historic…


L.A. Times – Business

Los Angeles Times’ parent company acquires New York Daily News

September 5, 2017 |

In a stunning and bold bet on the future of newspapers, Tronc, the parent company of the Los Angeles Times, has acquired the New York Daily News.

The deal for the tabloid, which includes the Daily News’ website and other assets, has been in the works for some months and was finalized Sunday. The…


L.A. Times – Business

Labor Day weekend travelers expected to break record at Los Angeles International Airport

September 4, 2017 |

Another holiday weekend, another record set to be broken at Los Angeles International Airport.

LAX officials predict 888,000 travelers will fly through the airport over the Labor Day holiday weekend, a 4.1% increase over last year’s total and a new record for the nation’s second-busiest airport.


L.A. Times – Business

Los Angeles developer David Wilstein dies at 89

July 13, 2017 |

David Wilstein — founder of a prominent Los Angeles development firm — died Sunday. He was 89.

Since establishing Realtech Construction Co. in 1976, Wilstein had overseen more than 100 projects, including high-rise office towers, medical buildings, apartments, hotels and shopping centers.

Wilstein’s…


L.A. Times – Business

Los Angeles seeks $1.45 million from Carl’s Jr. for alleged minimum-wage violations

June 26, 2017 |

Los Angeles city officials alleged Monday that fast-food chain Carl’s Jr. failed to pay the minimum wage to three dozen local workers for six months and is demanding $ 1.45 million in fines and restitution.

“L.A. law is clear: Employees must be paid at least the minimum wage,” City Atty. Mike Feuer…


L.A. Times – Business

Wilshire Grand Center, tallest skyscraper in the West, debuts in downtown Los Angeles

June 24, 2017 |

At 1,100 feet and the tallest building west of the Mississippi, L.A.’s newest skyscraper is hard to miss.

With a sweeping sail of a roofline, it stands out by day among the flat tops of its tall rivals and is illuminated at night with an enveloping expanse of ever-changing colored lights.

But for…


L.A. Times – Business