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August 31, 2009
SD Union-Tribune finally scraps its old-fashioned paste-up production for a souped-up pagination system.
The communications setup isn't just a stray TV antenna or two - it's a monstrous collection of towers, dishes and buildings.
Several area radio stations without backup sites at other facilities could be especially vulnerable.
Whether the acquisition by Disney turns out to be a good move is nothing more than a guess at this early stage.
Disney acquires Marvel, Mt. Wilson threat unclear, Zell might stay on at Tribune, and Apple reportedly under investigation.
I want to express my appreciation for all the heartfelt expressions of sympathy on the passing of my mom.
August 19, 2009
Mark's mother passed away in Plantation, FL at age 96. The site will be dark much of the next week.
August 18, 2009
PIMCO CEO Mohamed El-Erian says the stock rally has hit a wall because valuations are going up more quickly than fundamentals.
This can't be a great sign for a company that's been struggling under a heavy debt load, not to mention the weakness of its film business.
July sales in the pricier coastal regions showed some life; median prices were up slightly from June, but down almost 20 percent from a year earlier.
Spielberg gets financing, Zell may be ready to call it quits, backdaters who never get caught, and big bucks for LACMA's Govan.
August 17, 2009
Here's another example of why it's hard to take Hollywood cost-cutting directives all that seriously.
News Corp.'s separation deal with former Chief Operating Officer Peter Chernin has amazingly little information.
Stocks are falling sharply, port outlook is grim, Tribune creditors look into Zell's LBO, and venture capital firms still look to invest.
August 14, 2009
The world's largest producer of fresh fruit and vegetables plans an initial public offering of as much as $500 million.
Videogames take another hit, L.A. hotels are struggling, ground beef recall, and Bill Gross buys OC home for $23 million.
Chicago Sun-Times is reporting that Tribune Co. creditors are working on a reorganization plan that would essentially break up the company.
August 13, 2009
Retailers remain discouraged about consumer spending, at least judging by the July figures from the Port of Long Beach.
They'll be available for redemption on Sept. 4, a month earlier than expected. State also needs $10.5 billion in short-term loans to get through the fiscal year.
The Union-Tribune is letting go another 112 people, not the 200 that had been posted yesterday.
If the nation's health care debate ever got around to substantive issues, you might be hearing more stories like this one.
Real clunkers passed by, CA foreclosure filings still high, questioning Hollywood's victory over China, and KIIS-FM still tops.
August 12, 2009
Company isn't disclosing the number, but sources tell paidContent that it's about 200. That's on top of an earlier round.
L.A.'s former City Attorney will be moving to Goodwin Procter as counsel, though he still wants to run for state attorney general.
In holding steady on interest rates, the Federal Reserve came ever so close to saying that the recession is over.
L.A. bankruptcy filings for June rose 70.2 percent from a year earlier. OC was up 77.2 percent.
Consumer interest is slowing. Maybe the extra $2 billion from Congress wasn't needed after all.
CFO Frank DiPascali summed up the Ponzi scheme with the kind of clarity that has been missing up to now.
Waiting for the Fed, Kaiser cuts 1,800 jobs, OC resorts are struggling, and Nevada goes after CA businesses.
August 11, 2009
We keep hearing that it's coming, and the July numbers would point in that direction. Maybe.
That's according to a majority of economists surveyed by the WSJ (27-11). Q3 GDP is expected to show 2.4 percent growth.
Anyone still wondering whether health care reform is a good idea should head over to the Forum where crowds of people are waiting to be examined.
Studios are finding them more trouble than they're worth, especially with so many of the songs already available on iTunes.
State Controller John Chiang has to determine whether the amount of cash on hand is sufficient to start using real money.
Vultures taking over, another big gas hike, Fox Business channel shows signs of retreating, and best law firms for women.
August 10, 2009
Sure didn't take long for Sony to move forward with its clip movie of Michael Jackson's last rehearsals, called "This Is It."
The former Merrill Lynch analyst and the former NY Attorney General who went after them talk about Wall Street - and comebacks.
However many additional cars are sold won't be nearly enough to stave off a major consolidation of L.A.'s car dealership business.
The company does not plan any filing, despite relinquishing seven Socal buildings, including 550 S. Hope St. in downtown L.A.
Maguire set to default, big drop in July home sales, new legal snags for state budget, and GM to haggle on eBay.
August 7, 2009
The "Friends of Angelo" VIP program was a pretty sexy story at first but none of it ever seemed terribly serious, certainly not illegal.
The billionaire's proposed Bev Hills museum on the corner of Wilshire and Santa Monica is all but dead and Eli is now looking elsewhere.
Don't get too worked up over a slight dip in the jobless rate, to 9.4 percent. All it shows is that fewer people are still looking for work.
AIG turns a profit (really), Platinum Equity bids for Boston Globe, L.A. gas prices shooting up, and NYT fires Ben Stein.
U.S. payrolls fell by 247,000 in July, which is considerably better than what many economists had been expecting.
August 6, 2009
Another $2 billion goes into the popular federal program that may or may not be helping the economy, depending on who you ask.
The U.S. government affirms what many of us have long known: women spend a bunch more time doing unpaid household work than men.
Stefan Richter, that overly confident contestant from last season's "Top Chef" brigade, now has his own restaurant in Santa Monica.
Deutsche Bank economist expects July job loss to total 150,000, down from his earlier 325,000 estimate - and way below recent months.
Early word is that Twitter was the victim of a denial of service attack, or DoS, which is when a Web site gets deliberately overloaded.
Sluggish July retail sales, post-Jackson businesses outlined, decline in online ads, and computer woes slow clunker program.
August 5, 2009
News Corp. lost $203 million in its fourth quarter, largely the result of impairment and operating charges involving the Bev Hills-based social networking site.
Almost one out of every two mortgage holders is likely to be underwater before the housing recession ends.
The chief has accepted a job at Altegrity Inc., which has a subsidiary focusing on law enforcement and criminal justice issues.
The unmarked, all-white Boeing 737 that Bill Clinton took to North Korea is owned by real estate heir and Hollywood producer Stephen Bing.
LAT gives Puck's latest restaurant a hefty two stars, though S. Irene Virbila says the dishes "can sometimes taste more corporate than passionate."
LAT reports that William Bratton is resigning as chief of the LAPD today to take over as head of a private security firm.
I realize that the information age can be a free-for-all, but some items just stick out.
More job losses, some dealers running out of cars, Arena Football is on its last legs, and Clifton's building is up for sale.
August 4, 2009
City Council approves $30-million loan to help finance upgrades for the Kodak Theatre, which will host the acrobatic troupe.
Bad news is a 1 percent decline for the year in communication spending. Good news is advertising will start growing again in 2011.
Big jump in L.A. gas prices, modification program not working well, lowest airfares are in Long Beach, and fighting for Century Plaza.
August 3, 2009
Looks like the Senate will go along with providing another $2 billion for the trade-in program. But can improving auto sales be sustained?
The S&P 500-stock index crosses 1000 for the first time since early November. Of course, it's still off more than a third from its all-time highs.
Those of us dutifully waiting to see who would become "The Next Food Network Star" received a much-unwanted clue over the weekend.
Who says there aren't any jobs out there? For $8 an hour, you can sell pricey shoes in OC or make lattes in Torrance (if you agree to work in a bikini).
Clunkers program up in the air, sluggish summer box office, governor considers rolling back pensions, and Nissan's new electric car.
August 1, 2009
Sure, the government is offering a considerable carrot - $3,500 to $4,500 - for a new car purchase but that still leaves a chunk of cash to be shelled out.
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| "Melville was the most extraordinary advocate Los Angeles theater has known," says the CEO of LA Stage Alliance.
| Mind-boggling (and kind of sad) on several fronts, not the least of which is that according to the Weekly he did it publicly during an Oscar party. (Someone should tell him not to job hunt in a crowd.)