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THE818NOW
February 8, 2012
Time Warner Chief Executive Jeff Bewkes touted his company's digital initiatives for television and film while also promising to invest more in content in 2012 as the media conglomerate reported improved results for the final quarter of 2011, slightly beating analysts' estimates. Revenue for the New York-based company was up 5% during the fourth quarter and 8% for the full year to $8.2 billion and $29 billion, respectively. Net income rose a fraction of a percent to $769 million for the quarter and $2.89 billion for the year.
NEWS
By Mark Kellam, mark.kellam@latimes.com | March 6, 2012
Income from parking fees took a nose dive at Bob Hope Airport in January, dropping about 6.2% compared to the same period last year, according to figures released this week. Parking fees - an important revenue source - generated $1.5 million for the airport in January, down from roughly $1.6 million during the same month last year, according to a Monday report to the Burbank-Glendale-Pasadena Airport Authority. ________ For the Record: An earlier version of this story incorrectly stated the figure for January 2011 as being "nearly $2 million.
NEWS
May 2, 2012
DreamWorks Animation, the Glendale studio behind the "Shrek" and"Kung Fu Panda" movies, saw its revenues jump 26% to $136.1 million in the first quarter. The company said it earned a profit of $9.1 million, or 11 cents a share, the first quarter of the year, a 3% increase over last year, reflecting international ticket sales from the Shrek spinoff,"Puss in Boots. "The movie grossed $554 million worldwide since its release last October. The results exceeded the consensus estimate among analysts, who had forecast a profit of 9 cents per share and revenues of $134 million.
FEATURES
March 18, 2010
The Toll Middle School students rallying to defend their teachers against layoffs was heartwarming (“Students rally for teachers,” March 12), but I admit that the signs in the photograph struck a negative chord with me. Obviously, cutting foreign aid, which is a federal function, would not resolve California’s fiscal crisis that has brought on the threat of teacher layoffs along with numerous other serious damage to the state’s infrastructure. Yet the signs the youths brandished are emblematic of the commonly held assumption that the solution is to cut spending.
NEWS
May 2, 2012
Comcast Corp.'s earnings jumped nearly 30% in its first quarter as more customers signed up for high-speed Internet service.  But the cable Goliath also showed strength in some an unexpected quarters: the long-lagging NBC broadcast unit and Universal Pictures, which released two hit movies, including "The Lorax. " For the quarter ended March 31, the Philadelphia-based company said its net income grew to $1.22 billion, or 45 cents per share, from $943 million, or 34 cents per share, from the year-earlier period.
NEWS
February 24, 2012
Should anyone be sorry that the landfills are not generating income (“ Landfill sees steep revenue drop ,” Feb. 20)? Have we become some Third World country where our revenue depends on accepting trash? City officials have their policies upside-down. We should be doing everything to reduce waste and extend the life of the landfill. How about establishing a vision of zero waste by 2020? That would translate into zero dollars in revenue from landfill operations. What most Glendale residents may still not know is that the city's expenditures have far outpaced its revenues, starting since well before the recession.
NEWS
April 30, 2013
DreamWorks Animation posted a nearly 40% drop in profit in the first quarter while revenue remained virtually flat. For the three months ended March 31, the Glendale studio posted net income of $5.6 million, or 7 cents a share, on revenue of $135 million. That compared with net income of $9.1 million, or 11 cents a share, and revenue of $136.1 million during the same period a year earlier, the company said in a statement. Still, despite the decline in profits the company's results exceeded what industry analysts had projected.
NEWS
September 11, 2001
La Crescenta should not be its own city. I have lived in La Crescenta since 1947 and have seen many, many changes. Had the people of La Crescenta and Montrose not voted to be part of Glendale, the revenue of the Glendale annexed area has the revenue to support cityhood. Property values can be further increased if one does not have to look at the RVs, which detract from our property. Local control is not the answer. The control is local through the supervisor's office, and the supervisor has always listened and addressed our needs.
NEWS
August 13, 2001
Tim Willert DOWNTOWN -- Quarterly sales tax revenue generated by the city between January and March declined for the first time in more than five years, further evidence of a sluggish economy. The city collected $6.3 million during the first quarter of 2001 compared to $6.6 million over the same period last year, a drop of 5.1%, city officials said Friday. But a quarterly report compiled by consultant Hinderliter, de Llamas and Associates said accounting adjustments and a large one-time payment made during the first quarter of 2000, skewed the results.
ARTICLES BY DATE
NEWS
By Brittany Levine, brittany.levine@latimes.com | December 26, 2013
Ridership on Glendale's bus system, the Beeline, has decreased to nearly 1.9 million passengers this year, a roughly 26% decline since the city started increasing fare prices in 2011, according to data released this month in the city's comprehensive annual financial report. But the drop in ridership hasn't negatively impacted revenues. Instead, the phased-in fare increase that went into effect two years ago has doubled Beeline revenues to $1.2 million this year, said Steve Zurn, director of public works, in an email.
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NEWS
December 13, 2013
Glendale voters have not approved a new tax since 2009. In April of this year they were skittish about other items they were asked to consider and turned down three ballot measures that would have determined how the city would issue bonds, how it would account for an annual transfer of millions of funds from Glendale Water & Power and even how it would hire a city treasurer. Mindful of local voters' reluctance to support measures at the polls, and in need of raising some more cold, hard cash to maintain various services during a time in history when state and federal monies continue to evaporate, the majority of the City Council would like to tag on one or more tax measures to the special June election being held to fill the expiring council seat currently held by Frank Quintero.
NEWS
By Brittany Levine, brittany.levine@latimes.com | October 24, 2013
Since Glendale started charging all users of the Verdugo Skate Park in October 2012, the number of patrons dropped by 49% to roughly 6,800 people, according to a city report released to the Parks, Recreation and Community Services Commission this week. Despite the drop in attendance, revenue from the park skyrocketed due to the new fees. The skate park was on the verge of closing in summer 2012 as the city struggled to close a $15.4 million budget gap. But some City Council members fought to keep the park open, so officials started charging residents, who once could use the park for free, fees of $3 and $4 for youth and adults, respectively.
NEWS
By Kelly Corrigan, kelly.corrigan@latimes.com | September 3, 2013
A new semester started at Glendale Community College on Tuesday, and Violet Alvarenga was one of thousands of students gearing up for additional courses available by the end of the year as more state funds will be pumped into the school. Alvarenga, 20, who is beginning her third year at the college, is enrolled in three classes - cultural geography, English and philosophy. Planning to pursue a career in animal conservation, Alvarenga was waiting to hear if there was room for her in a chemistry class this semester.
NEWS
By Daniel Siegal, daniel.siegal@latimes.com | August 30, 2013
Digital advertising signs will light up downtown Glendale for the first time now that the City Council has approved a zoning amendment to let the Americana at Brand and Glendale Galleria use the high-tech displays. The council voted 5-0 last week to approve an amendment of the city's signage zoning overlay for major commercial developments. The overlay zone applies to developments with at least 1 million square feet of commercial or retail space, which currently covers only the Americana and Galleria.
NEWS
By Brittany Levine, brittany.levine@latimes.com | June 12, 2013
Glendale officials have decided to ignore recommendations made by the Los Angeles County Civil Grand Jury in a report that city officials claim muddled the waters around an unsuccessful ballot measure in April. The measure would have changed how millions in electric utility revenues are transferred to the General Fund each year. The civil grand jury serves as a watchdog and is charged with investigating city, county and other special government agencies. In March, it released a scathing report on the controversial practice of Glendale transferring millions of dollars in revenues from its city-owned utility to help pay for police, libraries and other public services.
NEWS
By Brittany Levine, brittany.levine@latimes.com | May 15, 2013
Over the next five years, Glendale may still face multi-million dollar budget gaps, even if revenues from property and sales taxes continue to climb at a steady rate, city officials said at a budget meeting Tuesday. But unlike in recent years, the shortfalls may not be as difficult to surmount as they've been in years past, thanks to a variety of ways to increase revenues, including new taxes, officials said. Rather than the $15.4-million and $18-million gaps of the past two years, respectively, the city may see deficits of $1.2 million to $11.3 million over the next five years, according to a city report.
NEWS
By Brittany Levine, brittany.levine@latimes.com | May 15, 2013
By 2017, property-tax revenue totaling roughly $700,000 from 20 new downtown developments is anticipated, a sum that at least one council member scoffed at this week as being lower than expected. Once the 20 projects start generating property tax revenues, Glendale could make an average $35,000 per development, which Councilman Ara Najarian on Tuesday called paltry. "I am surprised when I look at the list of those projects," Najarian said. "Those are just drops in the bucket.
NEWS
April 30, 2013
DreamWorks Animation posted a nearly 40% drop in profit in the first quarter while revenue remained virtually flat. For the three months ended March 31, the Glendale studio posted net income of $5.6 million, or 7 cents a share, on revenue of $135 million. That compared with net income of $9.1 million, or 11 cents a share, and revenue of $136.1 million during the same period a year earlier, the company said in a statement. Still, despite the decline in profits the company's results exceeded what industry analysts had projected.
NEWS
By Brittany Levine, brittany.levine@latimes.com | December 14, 2012
The Alex Theatre logged a 22% jump in income during the first quarter of this year compared to the same period in 2011, when the historic venue was coming out of a summer of intrusive renovations. Still, city officials this week said the surge is nothing to sneeze at. When comparing the first quarter results to the same period over the last four years, the theater saw 8% higher than average total income, according to a city report released Tuesday. Plus, while other first quarters had 10 to 15 days of activity, this most recent quarter had 29. “It's another step forward for the Alex Theatre,” said Philip Lanzafame, Glendale's officer for economic development and asset management.
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