Los Angeles Business Journal


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OpenGate Portfolio Company PennySaver USA Cuts Distribution

Brea discount mailer company PennySaver USA, a portfolio company of Century City private equity firm OpenGate Capital, announced Monday that it would cease distribution to several areas, mainly in Northern California’s East Bay and South Bay regions.

Disney Earnings Beat Estimates

The financial bonanza to Walt Disney Co. from its blockbuster animated hit “Frozen” appears not to be melting anytime soon.

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Airport Exec Lindsey to Retire

Gina Marie Lindsey, who’s led Los Angeles World Airports for nearly eight years as executive director, said she will retire this spring "to move on to other adventures."

L.A. County Disputes AHF Allegations

Los Angeles County is disputing allegations by the AIDS Healthcare Foundation that it is failing to enforce Measure B, which requires mandatory condom usage on adult film shoots, by not collecting permit fees from production companies.

AHF Demands L.A. County Enforce Condom Law

The AIDS Healthcare Foundation sent a letter this week to Los Angeles County officials asking that the county begin enforcing mandatory condom usage for adult film shoots – or face legal action.

Investments Keep Daily Journal in Black

Daily Journal Corp. saw its operating income slide into the red in its last quarter, but eeked out a profit thanks to its investment portfolio.

Lions Gate in Talks with Chinese Broadcaster About $1.5 Billion Deal

Santa Monica’s Lions Gate Entertainment is in advanced talks with China’s second-largest broadcaster, Hunan TV & Broadcast Intermediary Co., about a deal that would see the companies invest a combined $1.5 billion in film production and distribution over a three-year period.

LAX Sees Record 2014

Last year was the busiest ever for Los Angeles International Airport, breaking the record it set all the way back in 2000, airport officials said Tuesday.

Voice Media Selling OC Weekly, Keeping LA Weekly

Voice Media Group, which publishes LA Weekly, OC Weekly and other alt-weekly properties, hired Santa Fe, N.M., investment bank Dirks Van Essen & Murray to “explore new strategies,” including the sale or acquisition of its publications, the company announced Tuesday afternoon.

Injunction Seeks to Block L.A. From Implementing Hotel Wage Law

Two trade groups representing large hotels in Los Angeles announced they have filed for a preliminary injunction to block the city from implementing its hotel wage hike until their lawsuit against the city is resolved.

City Charges Music Manager in Talent Scam

Los Angeles is moving to crack down on talent scams against aspiring entertainers being charged outrageous amounts for Hollywood representation.

DreamWorks Lays Off 500, Top Execs Leave

Two top executives are leaving and 500 employees are being laid off at DreamWorks Animation SKG after yet another poor box office showing, the studio disclosed in a regulatory filing on Thursday.

Woven Digital Scores Dime Magazine

Online publisher Woven Digital of Culver City has acquired basketball news publication Dime Magazine to help expand the sports division of its biggest web property Uproxx.

Proud Bird at LAX Signs 20-Year Lease Extension

The historic Proud Bird restaurant at the Los Angeles International Airport, which had been rumored to be closing after failing to agree to a long-term lease with airport operator Los Angeles World Airports, isn’t taking off after all.

Location Filming in L.A. Rose 10 Percent Last Year

On-location filming in the Los Angeles area increased 9.6 percent last year with television dramas showing the biggest leap, according to a report released Tuesday by FilmL.A.