The Association of U S West Retirees



LA Times gives high ranking to Anschutz
The Denver Business Journal
Friday, August 11, 2006

The Los Angeles Times on Friday singled out financier Philip Anschutz of Denver as one of the 100 most powerful people in Southern California.

He was ranked No. 6, coming in ahead of Gov. Arnold Schwarzenegger and filmmaker Steven Spielberg, who were unranked and merely lumped alphabetically in a list of those who didn't make the top 10.

The newspaper noted: "Southern California has more than its share of absentee landlords. Few, however, have had as much impact as Anschutz, who Forbes says is now worth $6.4 billion."

The Times offers a laundry list of Anschutz's involvement in the area, including ownership of the Kings hockey team and nearly a third of the Lakers.  He's also on the list because of his success in producing the film version of "The Chronicles of Narnia," which the newspaper said serves as a billion-dollar "lesson to the rest of the industry on the profitability of family entertainment."

Earlier this week, Anschutz's family-oriented movie company, Walden Media LLC, announced it has formed a joint venture with Fox Filmed Entertainment to market and release movies.

The new venture will create a new, as-yet-unnamed company and a new family-film label, but Walden will remain independent with its own production and development staff.