The National Association of Realtors president, who resides in Mission Viejo, is denying allegations he and his two sons fraudulently pulled nearly $580,000 out of their South County real estate company before seeking bankruptcy protection."Exhibit A," as far as Gary Thomas is concerned, would be h ... More >>
Freedom Communications, the Irvine-based media company whose flagship newspaper is the Orange County Register of Santa Ana, has completed the sale of its eight television stations to the company that famously ordered its ABC affiliates not to show an April 30, 2004, Nightline tribute to American sol ... More >>
This morning, American Airlines' parent company filed for Chapter 11 bankruptcy protection, but, for now at least, it won't impact passengers.AMR Corpororation, the company over American Airlines and American Eagle, voluntarily filed for Chapter 11, saying it was the next logical step in ensuring ... More >>
UPDATE, AUG. 11, 12:22 P.M.: Crystal Cathedral's former chief financial officer, Fred Southard, strolled into a recent bankruptcy hearing in federal court in Santa Ana and shook his head. It just won't work, he commented to assembled reporters about the Robert H. Schuller family plan to turn to c ... More >>
[Moxley Confidential] Picking through the shards of the bankrupt televangelism empire.
Like vultures hovering over roadkill, media companies and private-equity firms are expected to pick at what remains of Irvine's Freedom Communications--parent company of The Orange County Register of Santa Ana--at auction Thursday.Among those likely placing bids will be Chicago-based Tribune, whi ... More >>
Update, November 19, 2:50 p.m.: Creditors in the Crystal Cathedral bankruptcy proceedings have filed court documents that question the high salary of yet another employee.This one is is paid to the son-in-law of the church's Chief Financial Officer Fred Southard, whose $132,019 housing allowance ... More >>
Update, November 18, 5:20 p.m.: A media industry watcher suggests Freedom Communications may have a strategy behind what would seem to be a counter-intuitive move to sell the modern-day equivalent of buggy whips, daily newspapers."Might the strategy be to sell some of the properties, keep othe ... More >>
If the death of a $184 million bailout ultimately kills the developer of homes above the ecologically sensitive Bolsa Chica wetlands, preservationists may have karma, an ancient Indian curse or an Orange County Register investor to thank.Or all three.
944 Media, which publishes fashion/entertainment/lifestyle magazines in 10 different regions, including Orange County, has filed for bankruptcy.But, not only does the company plan to keep publishing, it is having fun with its financial pickle by posting on its website, "The Top 9 Fun Facts About ... More >>
Blockbuster Inc. reveals in its annual financial report filed with the Securities and Exchange Commission that the video-store chain may have to file for Chapter 11 bankruptcy protection.The one-time king of DVD and videotape rentals reveals in the filing it ended the last year in the red, the ne ... More >>
Who's Next?The rest of the economy might be slowly recovering from the great global economic cataclysm, but the death march of daily print journalism continues. Yesterday, the Wall Street Journal---one of the few daily papers that successfully managed the rise of the Internet--reported that Dean ... More >>
Officials from Irvine-based Freedom Communications, whose flagship newspaper is the Orange County Register, told employees of Arizona's East Valley Tribune newspapers that they will cease operations on Dec. 31.Freedom's official announcement is contained in this company news release. It's also ba ... More >>
Bisno: Doesn't pay billsA source sent us the Chapter 11 bankruptcy filing of Robert Bisno, the man who essentially bought an election for SanTana Mayor Don Papi Pulido's regime by pouring tens of thousands of dollars into a campaign that extended term limits for the SanTana city council. Maybe th ... More >>
Long Beach's Chapter 11's new record, Premium Blend, is available now. Click here to buy that shit, yo. Founded in 1998, Chapter 11 has played a blend of reggae and hip-hop at probably every local venue you could think of (and probably some you can't). They've got a show July 18 in San Bernadino wit ... More >>
Seems we're not even buying burgers any more. On the other hand, maybe we're starting to think that it's not all doom and gloom, and that we might live beyond 2010. Two divisions of the struggling Fatburger chain, Fatburger Restaurants of California and Fatburger Restaurants of Nevada, ha ... More >>
A list of places that closed in March. Lake Forest seems particularly badly hit.Islands, Laguna Hills Black Angus, Tustin and Lake Forest. The parent company filed for bankruptcy in January, although reps currently aren't forthcoming on whether other locations are on the danger list.Izakaya Zero, Hu ... More >>
Does new California law spell the end for the states junk-gun makers?