Blanketing the Hollywood Sign

The world-famous Hollywood sign disappeared today — temporarily. The iconic white letters that symbolize the glamour and business of Hollywood are draped with a banner that reads "Save the Peak." It's all part of a $12.5 million undertaking to buy 138 acres of land around the landmark from Chicago-based investors who acquired the peak for a bargain price of $1.7 million. Paige Rausser is senior project manager for the Trust for Public Land, the nonprofit conservation organization that hopes to purchase the land.