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1982 Michael Jackson...

Item # 726920
March 21, 1991
LOS ANGELES TIMES, March 21, 1991

* Michael Jackson "King of Pop" 
* American singer, songwriter & dancer
* Signs most lucrative music contract w/ SONY
 
The bottom of the front page gas a two column heading: "Michael Jackson Agrees to Huge Contract With Sony" with subhead and photo. (see images) Coverage continues inside. 
Great to have from the home of the entertainment industry and where Jackson lived. 
I suspect this to be an extremely rare item because their was really no reason to save it at the time.
Complete with all major sections (80+ pages), very nice condition.

Background: On March 20, 1991, Michael Jackson signed a historic, record-breaking contract renewal with Sony Music that fundamentally revolutionized the music industry's economic landscape. Globally hyped by the media as a "billion-dollar deal," the blockbuster multi-faceted entertainment pact actually guaranteed Jackson an unprecedented $50 million to $65 million advance, alongside a staggering 86% royalty rate on album sales and an immediate $18 million advance for his upcoming 1991 album Dangerous. The significance of the agreement extended far beyond mere numbers; it established Jackson's own boutique label, MJJ Music, and paved the way for high-profile multimedia ventures in film and television through Sony's Columbia Pictures, cementing his status as a corporate mogul rather than just a recording artist. Signed shortly after Sony's acquisition of CBS Records, the deal anchored Sony's newly minted global music division with the undisputed "King of Pop." However, this monumental partnership ultimately sowed the seeds for a bitter, highly publicized fallout a decade later, when Jackson accused Sony executives of sabotaging his 2001 album Invincible in a predatory bid to force him into bankruptcy and seize control of his incredibly lucrative ATV/Beatles publishing catalog.