LA TRAVEL LEISURE
Recent and archived news stories on: Airports, Cruises, Entertainment, Hotels, Gaming, Restaurants, Sports, Sightseeing, Theme Parks...
Restaurant Buyer Hopes Hot Economy Is on Menu
Santa Monica firm counting on less debt to revive El Torito parent. New owners of bankrupt Mexican restaurant operator hope to feast on reviving economy and lower debt. February 20, 2012 midnight $$ ShareDesign of New Headquarters Offers Firm Approval
ADVERTISING & PR: Walls of Inter/Media office mimic soundwave of word ‘yes.’
Direct-response ad agency Inter/Media Group of Cos. has purchased a new headquarters in Woodland Hills and plans to make a statement with an interior remodeling.
Ad Network Says It Scored Music Website for a Song
BaronsMedia becomes publisher with low-price pickup Hypster.
New owner BaronsMedia looks to tune up revenue at music site Hypster with better ad placement.
Networking Site Thinks It Has Preteens’ Number
Kidsocial to rely on virtual payment systems instead of advertising.
Networking site Kidsocial hopes to click with preteens while offering virtual payment systems to users and their parents.
Show of Strength
NBC Universal parent seeks tax refund on L.A. County property.
NBC Universal parent Comcast produces lawsuit to recover Universal City property taxes.
Inglewood Speaks Up for Forum Deal
City to give sports venue suitor $18 million.
Inglewood steps in with loan to help Madison Square Garden score purchase of the Forum.
Demand Media's Quarter Pleases Investors
Demand Media Inc.'s stock jumped 31 percent on Friday after the online content publisher reported a significantly smaller fourth-quarter loss, suggesting that the company is starting to recover from the decline in traffic that resulted from changes to Google's Internet search formula.
DreamWorks Forms Joint Venture with Chinese Companies
DreamWorks Animation SKG Inc. announced a joint venture with Chinese media and investment partners to create Oriental DreamWorks, a China-focused family entertainment company.
DirecTV’s Quarterly Profit Grows
DirecTV Group Inc. said its fourth quarter profit rose 16 percent, boosted by subscriber gains.
Kodak Gets Judge’s OK to Remove Name from Theater
A U.S. bankruptcy judge in New York has agreed that Eastman Kodak Co. can get out of its $72 million naming deal for Hollywood’s Kodak Theatre.
Drawing Them In
DreamWorks Animation chief strives to keep studio one of the best places to work.
CEO Jeffrey Katzenberg wants DreamWorks Animation to maintain a small-company feel while producing big-screen hits.
Hollywood & Highland Owner Files Objection in Kodak Bankruptcy
CIM/H&H Media LP has filed an objection in U.S. Bankruptcy Court that seeks to block Eastman Kodak Co. from ending its sponsorship agreement at Hollywood and Highland’s Kodak Theatre.
Lions Gate Shares Rise on Film Prospects
Optimism about Lions Gate Entertainment Corp.’s upcoming releases sent its stock up more than 8 percent Friday morning, even though the film studio reported lower fiscal third quarter revenue because of no major releases.
Activision Blizzard Turns To Profit
Despite slightly lower revenue, video game publisher Activision Blizzard Inc. said it shifted to a profit for its fourth quarter, as its latest "Call of Duty" game and other new titles sold well. Adjusted results beat Wall Street expectations.
Mixed Quarter at Disney
Walt Disney Co.’s profit rose 12 percent in its fiscal first quarter on lower costs, but revenue fell short of Wall Street forecasts as film revenue declined.
MGM Gains Credit Facility
Metro-Goldwyn-Mayer Inc. has closed a $500 million revolving credit facility with a syndicate of banks.
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