Los Angeles Business Journal


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Beutner Named Publisher of L.A. Times

Former Los Angeles deputy mayor Austin Beutner was named publisher and chief executive of the Los Angeles Times Media Group, the Times announced Monday.

Demand Acquires Saatchi Art, Names New CEO

Santa Monica digital media company Demand Media announced Monday that it bought online art gallery Saatchi Art for $17 million in cash and stock. Demand also hired Saatchi Chief Executive Sean Moriarty for the same position at Demand.

Surf Air Announces Expansion

Santa Monica startup airline Surf Air has announced big expansion plans, including the addition of as 15 new planes to its fleet and as many as 13 new destinations.

Formosa to Reopen Pacific Ocean Post Facility

Formosa Group, a West Hollywood post-production company specializing in sound work, announced Wednesday it will expand to the Santa Monica facility previously occupied by Pacific Ocean Post.

21st Century Fox Ceases Time Warner Bid

21st Century Fox on Tuesday formally withdrew its offer to acquire Time Warner Inc., parent of Warner Bros. Entertainment in Burbank.

World Cup Boosted Disney Earnings

The World Cup soccer games gave a kick to Walt Disney Co. earnings in the second quarter as results outperformed analyst estimates.

Princess Cruises Places Order for $800 Million Ship

Princess Cruises will add a third ship to its Royal Princess fleet, a 3,560-passenger vessel that will cost about $800 million, the Santa Clarita company announced on Wednesday.

'Dragon' a Drag for DreamWorks

Weak box office results for “How to Train Your Dragon 2” put a drag on DreamWorks Animation SKG Inc. second quarter earnings, which failed to match analysts’ expectations.

Walt Disney Co. Restructures Leadership in Asia

Walt Disney Co. has appointed 16-year company veteran Paul Candland to the entertainment company’s new position of president for its Asia division.

New L.A. Chief for American Airlines

American Airlines Group has selected Juan Carlos “J.C.” Liscano as the airline’s next head of operations at LAX.

Lions Gate Makes Chinese Streaming Deal

Santa Monica studio Lions Gate Entertainment Corp. has made a deal to bring its TV shows and movies to a new streaming service in China.

Air Lease Corp. Makes Major Boeing Buy

Air Lease Corp. in Century City will purchase 26 Boeing Co. aircraft valued at $3.9 billion, both companies announced Tuesday.

Six Flags Roller Coaster Still Closed

After four riders were injured last week, Six Flags Magic Mountain’s Ninja roller coaster is still being examined without an expected reopening date.

Daily Journal Hires New Auditor, Appeals Nasdaq Delisting

In an effort to remain listed on the Nasdaq, downtown Los Angeles legal newspaper publisher Daily Journal Corp. has fired accounting firm Ernst & Young and hired BDO USA as its new auditor.

Post Production House to Close

Pacific Ocean Post, a Santa Monica audio post production company, on Monday confirmed a report that the company is closing effective immediately.