Congress has cut federal funding for public media — a $3.4 million loss for LAist. We count on readers like you to protect our nonprofit newsroom. Become a monthly member and sustain local journalism.
Potential MGM Sale Nothing To Roar About
circa 1932: Johnny Mack Brown, the MGM film actor, with 'Flash' the famous police dog star, on Santa Monica beach. (General Photographic Agency/Getty Images)
()
In Hollywood history, Metro Goldwyn Mayer, with its famous pre-film roaring lion, is legendary. Founded nearly a century ago, it’s the studio that made “The Wizard of Oz,” “Ben-Hur” and many classic musicals, including “Singin’ in the Rain.”
More recently, though, MGM’s output has slowed to a trickle, and the studio has been through bankruptcy proceedings. The release of its next James Bond film, “No Time to Die,” has been postponed to next year.
The Wall Street Journal, which broke the news of a possible sale, said the privately held MGM believes its library of film and TV titles could be attractive to streaming services. But a potential price tag of more than $5 billion might scare away potential buyers, and give the MGM lion little reason to roar.
Support for LAist comes from
Our news is free on LAist. To make sure you get our coverage: Sign up for our daily newsletters. To support our non-profit public service journalism: Donate Now.
As Editor-in-Chief of our newsroom, I’m extremely proud of the work our top-notch journalists are doing here at LAist. We’re doing more hard-hitting watchdog journalism than ever before — powerful reporting on the economy, elections, climate and the homelessness crisis that is making a difference in your lives. At the same time, it’s never been more difficult to maintain a paywall-free, independent news source that informs, inspires, and engages everyone.
Simply put, we cannot do this essential work without your help. Federal funding for public media has been clawed back by Congress and that means LAist has lost $3.4 million in federal funding over the next two years. So we’re asking for your help. LAist has been there for you and we’re asking you to be here for us.
We rely on donations from readers like you to stay independent, which keeps our nonprofit newsroom strong and accountable to you.
No matter where you stand on the political spectrum, press freedom is at the core of keeping our nation free and fair. And as the landscape of free press changes, LAist will remain a voice you know and trust, but the amount of reader support we receive will help determine how strong of a newsroom we are going forward to cover the important news from our community.
Please take action today to support your trusted source for local news with a donation that makes sense for your budget.
Thank you for your generous support and believing in independent news.
Chip in now to fund your local journalism
(
LAist
)
Trending on LAist
-
The L.A. City Council approved the venue change Wednesday, which organizers say will save $12 million in infrastructure costs. -
Taxes on the sale of some newer apartment buildings would be lowered under a plan by Sacramento lawmakers to partially rein in city Measure ULA.
-
The union representing the restaurant's workers announced Tuesday that The Pantry will welcome back patrons Thursday after suddenly shutting down six months ago.
-
If approved, the more than 62-acre project would include 50 housing lots and a marina less than a mile from Jackie and Shadow's famous nest overlooking the lake.
-
The U.S. Supreme Court lifted limits on immigration sweeps in Southern California, overturning a lower court ruling that prohibited agents from stopping people based on their appearance.
-
Censorship has long been controversial. But lately, the issue of who does and doesn’t have the right to restrict kids’ access to books has been heating up across the country in the so-called culture wars.
Best of LAist