CLU economists see the silver lining in Ventura County
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As COVID cases rise, region takes step back on road to re-opening
The entire tri-county region is going back into the most restrictive tier of California’s pandemic reopening system, as a rise in cases across the state forced Gov. Gavin Newsom to take emergency action. Under the state’s rules, all three counties would have re-entered the purple tier on Nov. 24, the Tuesday before Thanksgiving, if case Read More →
Guitar Center plans to file Chapter 11, cites pandemic’s effect on sales
Westlake Village-based Guitar Center plans to file for Chapter 11 bankruptcy, citing the pandemic as a major strain on the company’s resources. In a Nov. 13 news release, Guitar Center said that it had secured up to $165 million in new equity investments to recapitalize the company and reduce its corporate debt by nearly $800 Read More →
Salem Media back in black after cost-cutting
Salem Media Group, a Camarillo-based owner of conservative radio stations and other media properties, had net income of 1 cent per share in the third quarter, digging the company out of the hole it was at the same time in 2019. In the third quarter of 2019, Salem posted a $20.0 million net loss, which Read More →
CSUCI administrator named next interim president
Richard Yao, the vice president for student affairs at CSU Channel Islands, has been named the university’s interim president by CSU Chancellor Timothy P. White. Yao will assume leadership of the Camarillo-area university on Jan. 11, when current president Erika Beck leaves to becomes president of CSU Northridge, White’s office announced Nov. 12. Yao, who Read More →
Totten to retire after 18 years as Ventura County district attorney
Ventura County will get just its third district attorney in the past 42 years next year, when Greg Totten retires from the post he has held since 2003. Totten announced his retirement on Nov. 10. It will take effect Jan. 9 After he leaves office, he will take the job of chief executive for the Read More →
Resonant reports growing revenue, shrinking losses
Resonant, a Goleta-based cellular technology company, reported its third quarter earnings on Nov. 10 with a net loss of $6.1 million, or 11 cents per share. That was an improvement upon the same quarter a year ago, where Resonant had a net loss of $7.4 million, or 26 cents per share. Revenue in the third Read More →
