CALIFORNIA : SOUTHLAND FOCUS : Also. . .
* Times Mirror Co. of Los Angeles said its investment affiliate, Eagle New Media Investments, has acquired Airspace Safety Analysis Corp. of Atlanta, a provider of airspace utilization and Federal Aviation Administration compliance services for the telecommunications and aviation industries. Terms were not disclosed. ASAC will be managed under contract with Eagle by Jeppesen Sanderson Inc., Times Mirror’s aviation information services subsidiary. Times Mirror also is the owner of the Los Angeles Times.
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* Cherokee Inc., a Van Nuys-based licensor of brand names for apparel and footwear, reported second-quarter net income of $2.2 million, or 25 cents a share, up from $1.3 million, or 15 cents, a year ago. Revenue rose to $6.4 million from $4.8 million.
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* WellPoint Health Networks Inc. of Thousand Oaks suffered a legal setback when the U.S. 9th Circuit Court of Appeals ruled that a fee dispute with 13,000 doctors in California cannot be resolved in federal court. The ruling means that WellPoint subsidiary Blue Cross of California must settle the 4-year-old dispute as a class action in state court, the doctors’ attorney Edward Sangster said. Had it been allowed to proceed in federal court, Blue Cross would have been able to treat each doctor’s claim individually instead of as a collective action. WellPoint did not comment on the ruling.
