Copies of the Orange County Register slide through the presses. The Register's parent company, Freedom Communications Holdings Inc., plans to buy Riverside newspaper, The Press-Enterprise.
The parent company of The Press-Enterprise said it has extended the deadline for the sale of the Riverside newspaper.
Dallas-based A.H. Belo Corp. said buyer Freedom Communications Holdings Inc. must purchase the Press-Enterprise for $27.25 million on or before Nov. 15. After that, A.H. Belo can terminate the deal, according to documents filed with the U.S. Securities and Exchange Commission. The sale was originally expected to close in mid-October.
A.H. Belo also noted other changes to the deal, including Freedom Communications paying a non-refundable deposit of $1 million for the Press-Enterprise, which will go toward the final payment price. There is also language in the agreement that says the buyer won't have "an unreasonably small amount of capital for the business in which it is engaged or will be engaged" when the deal closes.
Demonstrators on Thursday stood across the street from the downtown Los Angeles headquarters of Build Your Dreams, a Chinese-owned company that makes electric vehicles, batteries and solar panels. BYD has agreements with the Los Angeles County Metropolitan Transportation Authority and Long Beach Transit to build electric buses, but the company is under investigation, accused of violating California labor laws.
The Los Angeles Alliance for a New Economy (LAANE) and other advocacy groups say BYD brings workers from China, fails to pay them minimum wage and isn't delivering on past promises to create jobs in Los Angeles.
Earlier this month, the California Department of Industrial Relations fined BYD $100,000 for failing to provide workers at its Los Angeles office and Lancaster factory the mandated California minimum wage, workers' compensation insurance, proper rest breaks and sufficient pay documentation.
Mario Tama/Getty Images
CBS channels were blacked out for more than a month in Dallas, New York and Los Angeles, affecting over 3 million Time Warner Cable customers.
Time Warner Cable paid a big price for its monthlong battle with CBS over carriage fees: More than 300,000 of its cable customers left last quarter, or 3 percent of its subscribers, the company reported in its quarterly earnings statement Thursday. Time Warner also reported a rare loss of broadband and phone business.
The number of defectors was about twice as many as analysts had expected.
During the standoff, Time Warner Cable blacked out CBS, Showtime and other CBS-owned channels from its service in Los Angeles, Dallas and New York in a dispute over the fees CBS charges to carry its programming. The move — which deprived subscribers of access to L.A. Dodgers games on KCAL, U.S. Open tennis on CBS and hit shows such as "Under the Dome" — did not sit well with subscribers, some of whom sued the cable service.
Amazon.com Inc. reported Tuesday it’s planning to open a new 1.2 million-square-foot fulfillment center in Moreno Valley sometime next year. The Seattle-based online seller of just about everything made the announcement while offering tours of its newly expanded facility in San Bernardino to California Gov. Jerry Brown, a host of lawmakers, community leaders and journalists.
The San Bernardino fulfillment center covers a million square feet and houses a complex system of conveyor belts moving products in plastic yellow crates and cardboard boxes. Rows and rows of shelves store millions of items, seemingly at random, but precisely according to orders. Three copies of John Grisham's "Sycamore Row" might sit right next to three bottles of laundry detergent and a family-sized box of multigrain crackers.
The Lakers and the Clippers open their regular seasons Tuesday night, facing each other at Staples Center. That opening game will be televised on TNT, but most Lakers games this season will be carried by Time Warner Cable SportsNet and Time Warner Cable Deportes.
Time Warner Cable Deportes calls itself the first and only Spanish Language regional sports network. After last season, the channel decided it needed more Latino presenters - people with knowledge of the NBA and the Lakers. Vice President Pablo Urquiza says that was a challenge.
"It's easy to find people to do soccer or boxing," Urquiza says. "We can get talent, former players, former boxers, that's easy. Now that we're doing the NBA, we needed someone with credibility , that had played the game before."
That somebody is Juan Ignacio "Pepe" Sanchez. He played for the Argentina National Team that won the Olympic Gold Medal in 2004 in Athens. In the U.S., Sanchez played at Temple University and in the NBA for the Philadelphia 76ers, Atlanta Hawks, and Detroit Pistons.