The L.A. Weekly group is made up of several investors including Brian Calle, formerly of the Southern California News Group; David Welch, an L.A.-based attorney; Kevin Xu, a philanthropist and investor; Steve Mehr, an attorney and investor; Paul Makarechian, a boutique hotel developer; Mike Mugel, a real estate redeveloper; and Andy Bequer, a Southern California–based investor. And Erwin Chemerinsky, dean of UC Berkeley’s law school, also plans to invest.
I wonder if the original post asking who the new owners of the L.A. Weekly were was simply a PR stunt now? If so, it was a well planned stunt.
