Los Angeles-based New World Pictures Ltd. reported...

Los Angeles-based New World Pictures Ltd. reported a recognized investment gain of $17.8 million on the sale of 456,900 shares, representing 4.98%, of Taft Broadcasting Co.'s outstanding common stock . . . Gull Air, which flies to about 20 cities in the Northeast, Florida and the Bahamas, suspended operations indefinitely and filed for protection under Chapter 11 of the federal bankruptcy codes.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
59°