Los Angeles Business Journal

LA TRAVEL LEISURE

Recent and archived news stories on: Airports, Cruises, Entertainment, Hotels, Gaming, Restaurants, Sports, Sightseeing, Theme Parks...

OpenGate Buys Three Coupon Publications

Century City buyout firm OpenGate Capital has purchased three Southern California coupon and advertising publications, the company announced Monday.

Daily Journal Reports Loss

Downtown Los Angeles legal publisher Daily Journal Corp. company reported a loss of $473,000 (-27 cents) for six months ended March 31, compared with net income of $2.9 million ($1.44) for the same period a year earlier. Revenue was $20.8 million, up 20 percent.

Calendar--Week of May 12

Upcoming calendar of events.

Business Veteran Takes Charge of Clippers

The National Basketball Association has named a prominent African-American businessman as interim chief executive of the Clippers, NBA Commissioner Adam Silver announced Friday. The appointment is effective immediately.

Report: Apple Eyes $3.2 Billion Bid for Beats

Apple Inc. reportedly is looking to acquire Dr. Dre’s Beats Electronics, the Santa Monica maker of premium headphones that earlier this year launched a subscription-music service.

Seacrest Buys Marketing and PR Firm

Ryan Seacrest’s investment firm, Seacrest Global Capital, has acquired marketing and PR firm Culture Shop through a subsidiary, Seacrest’s company announced Thursday.

Saban Announces ‘Power Rangers’ Film

Billionaire Haim Saban is announced a partnership with Lions Gate Entertainment Corp. on a theatrical film based on the 1990s children’s TV show that launched his media empire.

NBCUniversal Agrees to $7.6B Olympic Deal

NBCUniversal will continue broadcasting the Olympic Games in the United States through 2032 under a $7.6 billion deal announced Wednesday with the International Olympic Committee.

Earnings: Health Net, Live Nation, Activision, PennyMac

Shares jumped Wednesday for Health Net, Live Nation Entertainment, and Activision Blizzard after the companies reported better-than-expected first quarter results. PennyMac Mortgage Investment Trust struggled, but affiliate PennyMac Financial Services met analyst expectations.

Currency Change Hurts DirecTV’s Quarter

DirecTV on Tuesday said that its first-quarter profit fell 19 percent largely because of currency fluctuations in part of its key Latin American market. Adjusted net income did beat analysts’ expectations, however.

Higher Profit at Disney

Walt Disney Co. beat analyst estimates in the second quarter on Monday, buoyed by strong home entertainment sales and the box office of its animated hit, “Frozen.”

Three L.A. Agencies Claim Ad Industry Awards

Ad agencies Deutsch LA, CAA Marketing and North Kingdom might go head-to-head when competing for new clients, but last week they celebrated with wins at the 50th Annual International Andy Awards in New York.

CrowdGather Buys Boston Social-Gaming Firm

CrowdGather Inc., a Woodland Hills operator of online forums, on Monday said that it has acquired a social-gaming company for $5 million.

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Waiting Rooms

Hoteliers’ plans hinge on NFL stadium project

Downtown Los Angeles could score more hotel rooms if a plan for a pro football stadium fails to pan out.

Earnings: Superior Industries, Crown Media, Molina Healthcare

Superior Industries International Inc. matched analysts’ net income estimates for the first quarter but just missed on revenue. Crown Media Holdings Inc. reported a drop in net income for the first quarter despite rising ratings and advertising rates. Molina Healthcare reported a profit for the quarter when analyst were expecting a loss.