Jacko: L.A. Times Gets It Wrong
Today’s article in The Los Angeles Times about Michael Jackson contained some of the worst reporting I’ve ever seen.
It was if the reporters just refused to do any research. Instead, they muddled a bunch of disparate facts. Let’s not let this story stand as the record for anything, OK?
I don’t know how they could have screwed up so much about Colony Capital LLC’s involvement with Jackson.
For one thing, Colony Capital and its chief, Thomas Barrack, only have the note on Neverland. They never had anything to do with Jackson’s main loans against his 50% ownership in Sony/ATV Music Publishing. Those loans were sold by Fortress Investment Group to a consortium of Barclays, HSBC, and Sony Music in 2007.
I don’t know if Barrack ever called his “old friend”Philip Anschutz about Jackson. But the truth is: AEG Live’s Randy Phillips tried to get Jackson to agree to perform at the O2 Arena in London as early as December 2007, when I reported it. That was at least a year before Colony and Barrack had anything to do with Jackson.







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