Los Angeles Times From Wikipedia, the free encyclopedia Los Angeles Times
Front page from October 21, 2008 Type Daily newspaper Format Broadsheet Owner(s) Tribune Company Publisher Eddy Hartenstein Editor Davan Maharaj Founded December 4, 1881 Language English Headquarters 202 West 1st Street
Los Angeles, California 90012 Circulation 653,868 Daily
954,010 Sunday ISSN 0458-3035 OCLC number 3638237 Official website www.latimes.com The Los Angeles Times is a daily newspaper published in Los Angeles, California, since 1881. It was the largest metropolitan newspaper in circulation in the United States in 2008 and the fourth most widely distributed newspaper in the country. In 2000, the Tribune Company, parent company of the Chicago Tribune and the area's KTLA, purchased the Los Angeles Times.
Television The Times-Mirror Company was a founding co-owner of then-CBS turned independent (and eventual Fox flagship) television station KTTV. It became that station's sole owner in 1951, and remained so until the station was sold to Metromedia in 1963. For the next seven years, Times-Mirror had no television station until it purchased the Dallas Times Herald, the owner of KRLD-TV (now KDFW) in Dallas, Texas, in 1970.
Times-Mirror Broadcasting, as the division was named, later acquired KTBC in Austin, TX; WVTM-TV in Birmingham, AL; and KTVI in St. Louis, MO. The group was sold to Argyle Television in 1994; soon after, that group merged with New World Communications, and KTBC, KDFW, and KTVI all switched to Fox, while WVTM was sold to NBC (and is currently owned by Media General). (Ironically, KTVI is set to become a Tribune-owned station, with the merger of Tribune and KTVI's owners, Local TV, and yet the newspaper side, including the Times, is set to be spun off in 2014.)
The company also entered the field of cable television, servicing the Phoenix, AZ and San Diego areas, amongst others. They were originally titled Times-Mirror Cable, and were later renamed to Dimension Cable Television. Similarly, they also attempted to enter the pay-TV market, with the Spotlight movie network; it wasn't successful and was quickly shut down. The cable systems were sold in the mid-1990s to Cox Communications.
History See also: List of Los Angeles Times publishers Chandler and Otis 1917 Otis era The Times was first published on December 4, 1881, as the Los Angeles Daily Times under the direction of Nathan Cole Jr. and Thomas Gardiner. It was printed at the Mirror printing plant, owned by Jesse Yarnell and T.J. Caystile. Unable to pay the printing bill, Cole and Gardiner turned the paper over to the Mirror Company. In the meantime, S.J. Mathes had joined the firm, and it was at his insistence that the Times continued publication. In July 1882, Harrison Gray Otis moved from Santa Barbara to become the paper's editor. Otis made the Times a financial success.
In an era where newspapers were driven by party politics, the Times was directed at Republican readers. In an extreme example of partisan tilt, the newspaper waited several days to report the 1884 victory of Democratic presidential candidate Grover Cleveland.
Historian Kevin Starr wrote that Otis was a businessman "capable of manipulating the entire apparatus of politics and public opinion for his own enrichment". Otis's editorial policy was based on civic boosterism, extolling the virtues of Los Angeles and promoting its growth. Toward those ends, the paper supported efforts to expand the city's water supply by acquiring the watershed of the Owens Valley, an effort fictionalized in the Roman Polanski movie Chinatown, which is also covered in California Water Wars.
Rubble of the L.A. Times building after the 1910 bombing The efforts of the Times to fight local unions led to the October 1, 1910, bombing of its headquarters, killing twenty-one people. Two union leaders, James and Joseph McNamara, were charged. The American Federation of Labor hired noted trial attorney Clarence Darrow to represent the brothers, who eventually pleaded guilty. Otis fastened a bronze eagle on top of a high frieze of the new Times headquarters, proclaiming anew the credo written by his wife, Eliza: "Stand Fast, Stand Firm, Stand Sure, Stand True."
Tribune Company From Wikipedia, the free encyclopedia Tribune Company Type Private Industry News, entertainment, broadcasting Founded 1847 Headquarters Chicago, Illinois Key people Peter Liguori, President/CEO Products Television, newspapers, radio, television production Revenue US$3.18 billion (FY 2010) Owner(s) Oaktree Capital (23%)
Angelo, Gordon & Co. (9%)
JPMorgan Chase & Co. (9%)
(corporate employees hold the remaining 48% ownership interest) Employees 14,000 Website www.tribune.com The Tribune Tower on Michigan Avenue in downtown Chicago is the headquarters of the Tribune Company. The Tribune Company (Tribune) is an American multimedia corporation with official headquarters in Chicago, Illinois. Tribune is publicly traded but tightly held by three former senior debt holders: Oaktree Capital Management (which owns a 23% interest), Angelo, Gordon & Co. and JPMorgan Chase (which both own 9%).
Tribune is one of the largest television broadcasting companies, with 42 stations across America. It is also the nation's second-largest newspaper publisher (behind the Gannett Company), with ten daily newspapers and several commuter tabloids including the Chicago Tribune, Los Angeles Times, Orlando Sentinel, Sun-Sentinel and The Baltimore Sun. Through Tribune Broadcasting, the company owns 23 television stations, national cable superstation WGN America, regional cable news channel Chicagoland Television (CLTV) and Chicago's WGN radio. Investment interests include Food Network (which the company maintains a 31% ownership interest).
Tribune Technology LLC, another subsidiary, manages the interactive operations of major daily newspapers such as the Chicago Tribune and Los Angeles Times and their associated websites. Its national network sites owned with partners include CareerBuilder, Cars.com, Apartments.com and Topix.net. Its Tribune Media Services division provides syndicated content to print and electronic media. Key company investment interests include CareerBuilder (30.8% owned), Classified Ventures (28%) and Topix.com (34%).
Oaktree Capital Management From Wikipedia, the free encyclopedia Not to be confused with Oak Hill Capital Partners or Oak Investment Partners. Oaktree Capital Management, Inc. Type Public Traded as NYSE: OAK Industry Financial services Founded April 1995 Founder(s) Howard Marks, Bruce Karsh, Steve Kaplan, Larry Keele, Richard Masson, Sheldon Stone Headquarters Los Angeles, California, USA Number of locations 13 Key people Howard Marks (Chairman)
Bruce Karsh (President)
John B. Frank (Managing Principal) AUM US$77.1 billion (as of 31 December 2012) Website www.oaktreecapital.com
Oaktree Capital Management is a global asset management firm specializing in alternative investment strategies. Oaktree emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. As of December 31, 2012, the company managed $77.1 billion, primarily on behalf of pension funds, foundations, endowments, and sovereign wealth funds. On April 12, 2012, Oaktree Capital Group LLC became listed on the NYSE: OAK.
The firm was co-founded in 1995 by a group who had formerly worked together at the TCW Group starting in the 1980s. Oaktree quickly established a reputation in the high-yield and distressed-debt markets. As of 2012 it has over 700 employees and offices in Los Angeles, where it is headquartered, London, New York, Hong Kong, Stamford (Connecticut), Tokyo, Luxembourg, Paris, Frankfurt, Singapore, Seoul, Beijing and Amsterdam.
Howard Marks (investor) From Wikipedia, the free encyclopedia Howard Marks Born 1946 (age 67–68)
New York City, U.S. Ethnicity Jewish Alma mater University of Pennsylvania
University of Chicago (MBA) Occupation Co-founder and Chairman of Oaktree Capital Management Net worth $2.0 billion (March 2014) Spouse(s) Nancy Marks Children Andrew Marks (with Nancy)
Jane Hait (step-child) Website OaktreeCapital.com Howard Stanley Marks (born 1946) is an American investor and writer. After working in senior positions at Citibank early in his career, Marks joined TCW in 1985 and created and led the High Yield, Convertible Securities and Distressed Debt groups. In 1995, he left TCW and co-founded Oaktree Capital Management. In the 2011 Forbes rankings of the wealthiest Americans, Marks was ranked the #273 richest in the United States, with a net worth of $1.5 billion
Angelo, Gordon & Co. From Wikipedia, the free encyclopedia Angelo Gordon & Co. Type Private Industry Private equity Founded 1988 Headquarters 245 Park Avenue
New York City, New York, U.S. Products Distressed securities, hedge funds, Leveraged buyouts Total assets $25 billion Website www.angelogordon.com Angelo Gordon & Company is an American alternative investment manager focused on making distressed investments and a hedge fund sponsor. Within its hedge fund activities, Angelo Gordon focuses on a number of alternative investment strategies. The firm also manages convertible arbitrage, credit arbitrage, leveraged loans, merger arbitrage, real estate, power/energy as well as multi-strategy portfolios for its clients.
The firm is headquartered in New York City and has offices in Los Angeles, London, Hong Kong, Seoul, Tokyo and Oak Brook, Illinois.
The firm was founded in 1988 by John M. Angelo and Michael L. Gordon. Prior to the founding of Angelo Gordon, the two co-founders ran the arbitrage department of L.F. Rothschild in the 1980s.