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Hear Mark Lacter on KPCC

Final air date is not for a while - Sept. 25, 2011, according to CNN. She'll talk more about it during a live show tomorrow.

Here's more from the NYT:

After her broadcast talk show winds down, Ms. Winfrey will concentrate exclusively on her coming cable channel, OWN: The Oprah Winfrey Network. The channel is a joint venture between her production company and Discovery Communications. Getting the channel off the ground has proved challenging amid management turnover and an uncertain advertising climate. OWN will have its premiere on cable in January 2011, according to a person with knowledge of Ms. Winfrey's decision who insisted on anonymity. That timeline will theoretically give Ms. Winfrey about nine months to promote her cable channel on her existing show.
November 19 2009 • Link  • Email this post
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L.A. Councilman Paul Koretz is still the new kid on the block, having taken over the Jack Weiss 5th district seat a few months ago, but he exudes a lot of freshman enthusiasm - and optimism - in his early days at City Hall. Speaking today to Emma Schafer's Current Affairs Forum, Koretz seemed pleased with the latest package of concessions worked out between the city and the unions (he painted himself as a kind of conciliator in making it happen). I'm not aware of his role, though he might not want to take that much credit: the city is still in the hole, big time. For all the challenges of being an L.A. Councilmember, he said it's a pleasure compared with the dysfunctional state assembly, where he had been a legislator. He intends to play a watchdog role in ways the city can save money. On his to-do list: Thumb through all those audits by former Controller Laura Chick that have been collecting dust.

November 19 2009 • Link  • Email this post
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The Board of Regents signed off on the 32 percent increase in student fees, which brings the basic UC education fees to about $10,300 a year. That's triple what it was a decade ago - and it doesn't cover room, board, etc. Protesters were chanting their displeasure on the UCLA campus. (LAT, NYT)


November 19 2009 • Link  • Email this post
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Don't be fooled by the sluggish economy - flights are selling out and last-minute airfares are getting higher. The WSJ's Scott McCartney warns about the usual holiday hassles at airports - plus a few new ones.

The biggest changes are occurring at security checkpoints. TSA has been instructing travelers to book tickets using their full legal names, plus birth dates and gender, as part of a "Secure Flight" program to better utilize terrorist watch and warning lists. The hope is that more information will cut down on "false positive" red flags and keep people from unnecessary extra screening, and at the same time make it harder for bad guys to slip through. Some travelers have now had to update frequent-flier program records at airlines to book reservations under full legal names, rather than using middle names or initials.

When there's a holdup, you'll have a harder time finding airline personnel. And if you miss your connection or a flight is cancelled, there will be fewer, if any seats, available on later flights. McCartney warns that if the airline asks for volunteers to give up seats on an overbooked flight, make sure the offer is for a confirmed seat on the next flight. If they put you on standby it could be days before another space opens. That's right - days.

Here's more:

Travelers may also face some security holdups because of beefed up screening of powders in carry-on luggage. TSA is deploying devices at airports to test powders for explosive materials. Powders are legal to be carried aboard airplanes, but TSA says a small percentage may get additional screening. Most medications, infant formula and makeup won't need screening, but for anything TSA decides is suspicious, screeners can now collect a sample and hit it with a liquid to "test for traces of potential explosives."

One local note: Parking at LAX's Lots B and C go up beginning today. Lot B is now $10 a day and C is $12. Both lots offer free parking for the first two hours and there's free shuttle service 24/7.

November 19 2009 • Link  • Email this post
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Some serious delays are expected at LAX and other Socal airports as the ripple effects of this morning's air traffic glitch start reaching the West Coast. So far there haven't been many problems, but that's because most of the West-bound flights won't start arriving for another few hours. Major delays are being reported in Washington, NY and Chicago, though the computer problems have been resolved. You can track flight delay information through this FAA site. Just click the airport or region you're looking for.

November 19 2009 • Link  • Email this post
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Stocks way down: The push-pull pattern continues and today is looking like a pull session. In early trading, Dow is down about 140 points.

Air traffic improving: The FAA says its flight computer system is up and running again. Now the airlines must play catch-up on all the flights that have been delayed and cancelled, many of them based out of Atlanta. LAX has had only minor delays. From ABC News:

The system electronically inputs pilots' flight plans to computers, telling air traffic controllers the anticipated route and altitude of each flight after taking off. Controllers reached by ABC News say they have had to enter those plans manually, resulting in a slowdown of takeoffs and landings. Flight plans are processed by the FAA at two centers - one in Utah and another in Georgia. The FAA is investigating which center experienced the computer problem.

More IOUs?: Controller John Chiang warns that if tax revenues keep coming in below projections, the state could have trouble making payments as early as next spring. From the WSJ:

Regarding the prospect of delayed payment of its obligations, Mr. Chiang, the state's controller, said: "We don't want to revisit the dangerous scenario we were in twice last year....It's all in the governor's and legislature's hands, and if they're serious about protecting Californians, they'll resolve it quickly." But state legislators don't expect swift resolution.

Budget woes into the future: Don't expect tax revenue to really pick up until the 2014-2015 budget year, according to the state's chief budget analyst, Mac Taylor. From the LAT:

A major reason the recovery will take so long, say many experts, is California's place at the epicenter of the real estate slide and the resulting foreclosure wave. Moreover, "the mess in Sacramento is going to affect the California economy," said Jerry Nickelsburg, senior economist at UCLA Anderson Forecast, "and not in a good way." Californians must get used to a state that offers fewer services -- and has higher taxes -- than before the real estate boom, Taylor's report suggests. But it remains to be seen how much residents will accept.

Hooray for muni bonds!: A glut of state offerings, not to mention all the discouraging budget news, is having only minimal impact on the market. From the LAT:

The per-share net asset value of the Franklin California Tax-Free Income fund, which holds $14.2 billion of state and local debt, was $6.90 on Wednesday, a drop of 4% from the 52-week high of $7.19 on Oct. 5. That's unfortunate for anyone who bought near the high, but year-to-date the fund's total return (share price gain plus interest earned) still is a hefty 15.6%. And that's even better than it looks, given that the interest earned is exempt from state and federal income tax.

AOL downsizing: After its spinoff from Time Warner next month, the company wants to reduce its workforce by at least a third. It's asking for 2,500 volunteers. (MediaMemo)

Glass ceiling persists: Just over 10 percent of the executive positions in CA's biggest companies are women, according to a new study, a slight decline from 2008. What's the problem? "It's a mix of sociology, corporate culture and skill building," said Wendy Beecham of the Forum for Women Entrepreneurs and Executives. (LAT)

DirecTV going global: That's where media titan John Malone expects the El Segundo-based satellite service to focus, especially with the hiring of former Pepsico executive Michael White as CEO. Malone's Liberty Media is about break out Liberty Entertainment and merge it with DirecTV. He expects White to make a big push in Latin America. (DJ)

"New Moon" watch: Huge advance sales for the "Twilight" sequel that opens at 12:01 a.m. on 3,500 screens (quite a few are already sold out). Projections for the full weekend box office are in the $85 million range.(THR)

Hollywood Reporter sale nears: The Wrap's Sharon Waxman says the deal may close on Friday. Also included in the purchase by James Finkelstein are Billboard, Adweek, Brandweek and Mediaweek. Still no word on price.

November 19 2009 • Link  • Email this post
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The author of "Liar's Poker" and "Moneyball" - and one of the best business writers around - has finally gotten one of his books made into a movie. It's "The Blind Side," the amazing story of Baltimore Ravens tackle Michael Oher and how he overcame all kinds of obstacles growing up (it opens Friday). As for Lewis' other books, Hollywood has been less than kind. From NY magazine's Vulture:

Do your books just get optioned and never made into movies? Yes! Bought, actually. If you option it, it's a small sum of money and it expires. If you buy it, it's a larger sum of money and they own it forever. So if they don't make it, it's gone. So, I mean, Warner Bros. owns Liars' Poker and I think they've put something like $2 million into it already and it's just vanished. All right, look, the Hollywood development process, someone some day is going to write something really good about it. It doesn't, to my eyes, make a lot of sense. They waste a lot of money and it's not clear if there's any kind of logic to the process other than the enthusiasm of whoever happens to have bought it. What was weird about this case was it was different from every other experience that I've had, in that it almost didn't matter who had bought it. Fox bought it in the beginning, but it felt like, well, if they weren't going to do it, someone was going to do it. So it was going to be wrestled out of Fox and to somewhere else, and that's what happened. Fox bought it and decided not to make it.

Why'd they decide not to make it?
I'm being honest when I tell you I have no idea. The best writer in Hollywood is a dead writer. I mean, it would be better if I was dead, as an author. I have no place in the process! None. I mean, I've written this book. Someone will need to come along, like John Lee did, and if it's going to be any good, they've got to sort of break it and redo it, as they did...

And what of the Liars' Poker movie?
Dead, I think. Completely dead.


November 18 2009 • Link  • Email this post
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California is a wreck, of course, but every once in a while regulators manage to get through a groundbreaking mandate that will actually do some good for the world (if it doesn't get upended in the courts). The California Energy Commission voted unanimously to require all new TVs sold in the state to consume 33 percent less energy than current sets, starting with the 2011 model year - and 50 percent less starting with 2013 models. The energy used for TV sets account for 10 percent of home electric bills in the state. Given the size of California's market (especially during football season), manufacturers will probably go along with the new standard. From Reuters:

The rule was adopted against the backdrop of a larger state effort to cut heat-trapping greenhouse gas pollutants by 28 percent by 2020. Public utilities, which backed the measure, estimate it will reduce carbon dioxide emissions by 3 million metric tons over a decade. Nearly three years in the making, the measure is the latest in a long line of energy efficiency regulations pioneered by the California Energy Commission for a appliances ranging from refrigerators to cell-phone chargers.

The commission said more than 1,000 TV models now on the market already meet the 2011 standards.

November 18 2009 • Link  • Email this post
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