Los Angeles Business Journal

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Hat in Ring

Former TV exec weighs into boxing promotion

Former TV syndication exec Michael King looks to ring up dollars and TV deals as a boxing promoter.

Additional Stock Float Sinking Fashion Company

CLOTHING: Price plunges after American Apparel’s dilutive share offering.

American Apparel stitches together a stock offering as company appears to hang by a thread.

RealD Expands Reach in China

RealD Inc. announced Monday it is expanding its relationship with the largest theater chain in China, Wanda Cinema Line Corp.

Herbalife Shares Rise as Icahn Gets More of Board

Herbalife shares rose Monday after the company announced it is nominating three more designees of Carl Icahn to its board.

Drug Developer’s Promotions Generate Bad Buzz

HEALTH CARE: Shares of CytRx drop over issues of alleged stock touting.

Concern over stock promotions spurs investors to check out of drug developer CytRx.

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Merchandisers Work in Concert

MUSIC: Merger gets two former competitors in sync.

Ex-rivals Cinder Block and BandMerch cue up merger to boost their merchandising business.

Al Jerome to Retire from KCETLink

Al Jerome, the longtime chief executive at public broadcaster KCET of Burbank, announced Tuesday he will retire within six months.

Dialed In

Channels share one signal so they can sell second

TV: KLCS and KJLA hope to channel big money by sharing the airwaves and selling a broadcast frequency for cellphone use.

Licensing-Publishing Companies Cue Up Merger

MUSIC: Newly created entity Riptide aims to get in ‘sync’ with more recording artists.

They’re scaling up for more deals: Two L.A. music licensing and publishing houses merged last month to create Riptide Music Group of Culver City.

L.A. Sues Time Warner Cable for $10 Million

The city of Los Angeles filed suit against Time Warner Cable on Friday seeking $10 million in fees.

L.A. Stations Test ‘Spectrum’ Sale

Some TV stations are tuning in to a sudden opportunity to sell what could be their most valuable asset – their airwaves. Cellphone companies covet them to satisfy the ever-growing appetite for mobile Internet use.

CytRx Shares Volatile After Report

Shares of West L.A. biotechnology firm CytRx Corp. rebounded after falling as much as 10 percent Friday due to reports that the company has worked closely with a stock promoter to boost interest in its shares without disclosing its involvement.

Herbalife, Ryland Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies fell for the week. The weighted LABJ Stock Index dropped 2 percent to 190 for the trading week ended March 17. Decliners outpaced gainers 98 to 56, with six companies unchanged.

L.A. Register to Launch April 16

Freedom Communications on Monday announced that it will launch its daily newspaper in Los Angeles next month.

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Web Inroads

PUBLISHING: Source Interlink aims to rev up online interest and ad revenue for its car enthusiast magazines.

A new CEO looks to steer Source Interlink’s car magazines into a bigger presence on the Web.

Medical Imaging Business Looks Good to Investors

HEALTH CARE: RadNet’s shares rise after company beats analyst expectations.

Imaging company RadNet looks good to investors after a healthy fourth quarter.

Trip That Celebrated Halfpipe Legacy

Publicist Nicole Wool’s trip to the Sochi Olympics wasn’t just about the athlete she was there to represent – U.S. Olympic women’s halfpipe skier Angeli Vanlaanen – but also the one who never made it there.

Super Heroes Fight Over Fanboys

EVENTS: Multiplying comic cons spar for world domination.

EVENTS: Wizard World hopes celebrities can continue to work their magic and boost interest in its comic cons.

Latinos’ Star on Rise With New Manager-Producer

FILM: Olmos Kontakto aims to tap growing audience with first movie, ‘Asher.’

As the audience for Latino entertainment grows, two Hollywood managers with Latino clients have joined forces to make a bigger impact in the film industry and are preparing to go into production on their first movie.

Getting In Sink on Cleanliness

Hyginex’s wristbands keep track of wearer’s hand-washing.

HEALTH CARE – Hyginex looks to clean up at hospitals and eateries with its wristbands that track users’ hand-washing.

Will ’60s Cartoon Still Draw Kids?

film: DreamWorks shares dip over ‘Mr. Peabody’s’ appeal.

FILM – DreamWorks shares fall as investors worry today’s kids won’t make time for its “Mr. Sherman & Peabody” movie.

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Big Role to Play

Theater critic debuts review site to fill void in L.A.

LA Weekly critic acts to revive local theater reviews with new website Stage Raw.

Assemblymen Introduce Expanded Film Tax Credit Bill

Two Los Angeles assemblymen on Wednesday introduced a bill to ramp up California’s efforts to hold onto film and TV production.

KCRW Buys Santa Barbara Radio Station

Santa Monica public radio station KCRW-FM (89.9) announced Tuesday it has acquired a station in Santa Barbara to increase its reach up the coast.

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Still No Takers For Dodgers TV

TELEVISION: Time Warner wants rivals on channel’s team.

Less than two weeks before the high-stakes launch of SportsNet LA, the all-Dodgers channel last week still had not reached carriage deals with any pay-TV companies aside from its operator, Time Warner Cable.

Film Color Giant Now Seeks Image As Tech Pioneer

FILM: Technicolor looks to hew out a future as a Web pioneer with a social site to help connect filmmakers and crew members.

When Will Space Traveler Finally Fly?

Rene Kaerskov is hoping the Federal Aviation Administration will soon clear Richard Branson’s Virgin Galactic to take tourists to space.

Herbalife Increases Share Buyback

Herbalife announced early Monday it is increasing its share buyback program by $500 million, to $1.5 billion. The buyback is being financed by selling $1 billion of convertible bonds.

Publisher Takes ‘Easy’ Entry Into Los Angeles

NEWSPAPERS: Freedom Communications takes over Reader to bolster Register.

Freedom Communications’ expansion into Los Angeles is beginning to take shape.

Green Dot, Mattel Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies closed lower for the week.

CytRx Hopes to Raise $75 Million in Stock Offering

West L.A. biotech firm CytRx Corp. has announced a $75 million public stock offering.

CBRE Buys German Consulting Firm

CBRE Group Inc. of downtown Los Angeles announced Thursday it has acquired Valteq Gesellschaft, a German real estate consulting firm.

Lloyd Braun Takes Sole Ownership of BermanBraun

Gail Berman and Lloyd Braun, co-founders of Hollywood production BermanBraun, are breaking up.

L.A. Register Starts Social Media and Ad Campaign

Freedom Communications’ soon-to-launch Los Angeles Register is ramping up its social media presence.

Wilshire Bank Profit Narrows

The parent company of Koreatown lender Wilshire Bank announced after the close of the markets Monday that its profit narrowed in the last quarter of last year as it closed on two acquisitions.

Hudson Pacific Raises $196 Million

Hudson Pacific Properties has raised $196 million in a public stock offering, the company announced after the close of the markets Tuesday.

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New Magazine Pages Film, TV

Entertainment: California agency looks to keep productions.

California Film Commission turns the spotlight on the state’s production advantages with a new magazine.

Hooking Up to Ethernet Pays Off With Investors

Telecom: New focus on hardware spurs increase in Vitesse’s share value.

Vitesse Semiconductor connects with investors as its shift into Ethernet hardware takes off.

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Distributor Shooting for Stars on Bigger Screens

Entertainment: Gravitas expanding into theatrical releases for bigger upside.

Video-on-demand distributor Gravitas is expanding into indie theatrical films, a more expensive proposition but with a bigger potential upside.

Nasdaq Looks Like Right Place for Furniture Firm

Investing: Shares of Nova LifeStyle soar after announcement of listing.

Investing: When Nova LifeStyle announced it would begin trading on the Nasdaq, investors got very comfortable with the furniture company

Amazing L.A. Sequel – Return of the Drive-In

Retro: Property owner is targeting family audiences in revival of Paramount site.

Some movie theaters are installing 3-D projectors or high-tech sound systems.

Riding of the Bulls to Hit Los Angeles

AEG sets up new tour and hopes local stop will create big bucks.

Sports: AEG is bullish on bull riding, so it’s participating in a new tour and will soon schedule PBR’s first stop in L.A

Location Filming Rose Last Year

More TV shows, movies and digital videos were filmed on location in Los Angeles last year than in 2012, according to a report released Tuesday by FilmL.A. But the long-term trends aren’t as encouraging.

Paper Claims Right Focus for L.A.

Publishing: Register promises libertarian leanings, local stories.

Publishing: Orange County Register owner hopes to make news in Los Angeles with a locally focused, libertarian-leaning paper.

Medbox Among Week’s Biggest Movers

The Los Angeles Business Journal’s index of largest local public companies rose for the week.

Is TV Worth Second Look?

Television: DirecTV seeks to pair mobile device, home set.

Television– Satellite provider DirecTV hopes customers won’t think twice about adding a second screen to their viewing.

Obit: Hollywood Publicist Julian Myers, 95

Noted Hollywood publicist Julian Myers, who represented stars such as Marilyn Monroe and Judy Garland, has passed away. He was 95.

Hallmark Channel Parent Investors See Bad Deal in Cards

TV – Crown Media shareholders fear they won’t be receiving the very best if Hallmark Cards takes the company private.

Building Manager Sees Value in Upkeep Costs

Real Estate: CBRE buys maker of software that calculates property expenses.

Real Estate – CBRE builds up consulting business with pickup of company that tallies property unkeep costs.

Positive Drug Trials Spur Healthy Investor Interest

Biotech: Puma shares soar after cancer treatment surpasses expectations.

Biotech: Investors went on the prowl for Puma stock after its cancer treatment drug surpassed test expectations.