Morning Buzz: Tuesday 6.26.12

MSG, buyer of The Forum, has big plans to revamp the Inglewood arena into a major performance venue. LAT

Newark mayor Cory Booker sent out a fundraising letter for Eric Garcetti's 2013 mayoral campaign. They were Rhodes Scholars together.

An update on the controversial Malibu Lagoon restoration. KPCC

Thousands cheered the Stanley Cup in Hermosa Beach, home of the Kings' Jarret Stoll. Daily Breeze

State Sen. Alex Padilla will be the first Californian in two decades to serve as president of the National Association of Latino Elected and Appointed Officials. DN

Without Hugh Hefner's Playboy magazine "and its philosophy of unfettered heterosexual hedonism through stimulation of all the senses, there would have been no LeRoy Neiman," says Christopher Knight. LAT

Artnet, the online magazine, shut down after 16 years. Culture Monster

Downtown dive bar the King Eddy Saloon has been bought by the team behind the Library Bar and Spring Street Bar, ending the decades long reign of the family-owned business. Blogdowntown

George R. Hearst Jr., chairman of the board of the Hearst Corp. and the grandson of William Randolph Hearst, died Monday at Stanford University Medical Center in Palo Alto of complications following a stroke. He was 84. SF Gate