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The restaurant guide started up by two NY lawyers had been on and off the block for some time. The company had been struggling in recent years, largely because of online competition that made the printed guide seem outdated almost as soon as it came out every year. But Time and Nina Zagat had balked at previous offers. Terms of the transaction, including price, were not disclosed. (DealBook)
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.