TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Wednesday, December 6, 2017

Chemerinsky Backs Out Of Investment In L.A. Weekly

LACFollowing up on Monday's post, Chemerinsky To Buy Stake In L.A. Weekly:  OC Weekly, Erwin Chemerinsky Is No Longer Investing In Semanal Media Group, LA Weekly's New Owner:

UC Berkeley Law School Dean Erwin Chemerinsky emailed the Weekly today at 4:54 pm saying he will no longer be investing in Semanal Media Group, the company which now owns LA Weekly.

After we unveiled the fact LA Weekly is now owned by mostly Republican donors, many people online were questioning why the hell Chemerinsky would be willing to invest. ...

With the firing (effectively busting the union representing LA Weekly's staff) and the conservative faces behind Semanal now in the spotlight, Chemerinsky's possible investment is being criticized for being at odds with his longtime left-wing views. When we sent him our Most of the LA Weekly's New Owners Are Republican Donors article as well as informed him of criticisms, he told the Weekly at 3:09 p.m. "I knew nothing about that when I spoke to Brian when I said I would invest a small amount of money...I will take this seriously into account before investing."

Then, at 4:54 pm Chemerinsky emailed us again, indicating he'd changed his mind. "I am not going to be investing," he said.

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