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Posted 24 Feb 2001   For week ended November 17, 2000
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News about Mormons, Mormonism,
and the LDS Church
Sent on Mormon-News: 17Nov00

By Kent Larsen

LDS Businessman Willes Sells California Home In Record Deal

LA CANADA-FLINTRIDGE, CALIFORNIA -- Mark Willes, former CEO of Times-Mirror turned BYU professor, has sold his La Canada-Flintridge home for $5 million, a record for homes in the area. Willes was forced-out as CEO when Times-Mirror merged into the Chicago-based Tribune company. He has since become a visiting professor at BYU's Marriott School of Management.

Willes, who is the nephew of LDS Church presideng Gordon B. Hinckley, departed from Times-Mirror under a cloud of controversy as journalists debated the wisdom of his breaches in the traditional wall separating a newspaper's business operations from its journalists. Traditionally, the wall exists to keep journalists from appearing to be influenced by the newspaper's financial deals. Willes' moves caused a storm of controversy when it was revealed that the Times shared the revenue from a special section it prepared on Los Angeles' new Staples Center with the center.

Now Willes, who received a huge $64.5 million salary for this year in spite of being ousted, has cut one of the remaining links he has to the area by selling his home. He and his wife Laura built the home in 1996 for $1.15 million. It has six bedrooms and nearly 10,000 square feet of floor space and sits on a lot of slightly more than an acre. The home also reportedly has seven baths, a pond and a large emergency generator - so large that it originally had to be brought in by helicopter.


Curtis Likes It Hot/Veteran actor builds a home in Las Vegas
San Francisco Chronicle (Los Angeles Times) 15Nov00 B2
By Ruth Ryon: Los Angeles Times


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