L. P. Media, which is owned by...

L. P. Media, which is owned by Norman Lear and A. Jerrold Perenchio, said it is abandoning its effort to purchase Evening News Assn., which has agreed to be acquired by Gannett Co. . . . American Savings & Loan Assn.’s previously reported acquisition of 13 retail savings offices from Pacific Savings Bank has been completed . . . Flying Tiger, the air-cargo division of Tiger International, said it has been awarded a $74.4-million contract for cargo and passenger services by the U.S. Military Airlift Command . . . Maryland’s liability to depositors at Old Court Savings & Loan will be about $175 million, the first accounting of the finances of the financially troubled thrift showed.