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    City Arts’ Fresh Focus photo auction set for Nov. 1

    By SHOOTUpdated:No Comments524 Views
    LOS ANGELES --

    City Arts, an organization dedicated to providing the highest quality arts education and experiences to children in the most economically stressed neighborhoods of Southern California, will hold its annual benefit photo auction, Fresh Focus, on Sunday, November 1, from 1-4 pm (with 12 pm VIP viewing) at the Leica Gallery in West Hollywood, Calif. The auction features the work of fine art photographers, and emerging artists from City Arts’ Fresh Focus: A New Shot at Life photography program.

    Established in 1984 by former-ballerina-turned-criminal-defense-attorney Sherry Jason and her husband, attorney Bob Jason, City Hearts was founded on the belief that the arts can and do help to rehabilitate troubled youth who are plagued by drugs and gangs. City Hearts is now an integral part of the prevention and rehabilitation efforts in Los Angeles’ inner city. The program is a model for youth diversion programs nationwide. City Hearts currently reaches 500 at-greatest-risk youth each week with programs spanning theater, dance, photography, music and  other artistic disciplines.

    For info on and tickets to the Fresh Focus auction, click here. 

    Tags:City ArtsFresh Focus



    DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

    Friday, November 22, 2024
    Dish Network satellite dishes are shown at an apartment complex in Palo Alto, Calif., Feb. 23, 2011. (AP Photo/Paul Sakuma, File)

    DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.

    The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.

    The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.

    DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.

    "While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV's balance sheet and our operational flexibility," DirecTV CEO Bill Morrow said in a statement.

    The prospect of a DirecTV-Dish combo has long been rumored, and reported talks resurfaced over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked the deal valued at the time at $18.5 billion deal, citing antitrust concerns.

    The pay-for-TV market has shifted significantly since. As more and more consumers tune into online streaming platforms, demand for more traditional satellite entertainment continues to shrink.

    DirecTV says that it will continue to invest in next-generation streaming platforms and offer new packaging options while integrating content from live TV alongside direct-to-consumer... Read More

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