Los Angeles journal, a long-running establishment within the metropolis’s media ecosystem, has been bought by attorneys Mark Geragos and Ben Meiselas, the publication introduced Monday.
The acquisition marks a brand new chapter for a publication that payments itself as “Southern California’s oldest glossy and the first city magazine in America.”
Geragos and Meiselas reportedly additionally bought the magazines Pasadena and Orange Coast; all three publications bought for an as-of-yet undisclosed value, and will probably be primarily based in downtown Los Angeles below the auspices of a brand new firm known as Engine Imaginative and prescient Media.
“The company will immediately take over operations, retaining all the existing staff including the publisher and editors,” Los Angeles journal reported. The brand new house owners plan to put money into the outlet’s on-line presence and reside occasion choices, the journal added.
Parallel bulletins issued in Pasadena and Orange Coast magazines confirmed the change in possession, and stated that Los Angeles journal will housed in downtown’s Engine Firm No. 28 constructing whereas a second workplace in Irvine serves as a beachhead for Orange County protection.
“I am honored to be part of the acquisition of these historic media properties,” tweeted Meiselas after the information broke. “Welcome back to Southern California!”
The three magazines’ prior proprietor was the Michigan-based Hour Media Group, which in flip acquired Los Angeles journal in 2017 from the Indianapolis-based Emmis Communications Corp.
Each of the brand new house owners have had a celebrity-studded consumer listing befitting an L.A. media property. Geragos’ shoppers have included the late Michael Jackson, Chris Brown and Winona Ryder, whereas Meiselas has represented former NFL quarterback and racial justice advocate Colin Kaepernick.
The acquisition doesn’t come with out baggage.
In September, the California state bar introduced that Geragos was below investigation for his dealing with of a multimillion-dollar settlement for victims of the Armenian genocide.
That disclosure adopted a Instances investigation of corruption within the case, which discovered that a number of the settlement cash was despatched to Geragos’ pet charities, amongst different irregularities.
Geragos has stated that he wasn’t accountable for issues with the claims course of, and advised The Instances that “all of the money earmarked was accounted for.”
Los Angeles Magazine for a few years served because the literary voice of town that always punched above weight with award-winning journalism.
Its lengthy kind tales examined all corners of Southern California, and featured a mixture of movie star profiles, true crime narratives and “best of” lists.
Lately, the journal has been squeezed by funds cuts and a deteriorating advert local weather for print magazines.