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.
Ryan Seacrest’s investment firm, Seacrest Global Capital, has acquired marketing and PR firm Culture Shop through a subsidiary, Seacrest’s company announced Thursday.
PUBLISHING: New owner of free weekly touts ties with local businesses.
ix months after its relaunch, hyperlocal newspaper Malibu Surfside News is growing its advertising business and has turned a profit, the paper’s new owner said.
Virtual mail service Zumbox looks to post a comeback after announcing plans to shutter.
Los Angeles Clippers owner Donald Sterling was banned from any involvement in the National Basketball Association for the rest of his life and could also be forced to sell his team, NBA Commissioner Adam Silver announced Tuesday.
Show looks to ride cape of Marvel movies
Co-producers of comic book-based traveling show Marvel Experience are betting on a super-size response.
HOSPITALITY: HBA expands beyond luxury market to interior design for less expensive hotels.
Luxury hotel interior designer HBA/Hirsch Bedner Associates now seeks inside jobs for lower-price lodgings.
MANUFACTURING: Film part of Mattel’s plan to lift sales of sagging product.
Live-action Barbie film plays into toymaker Mattel’s plan for big-screen productions.
The Los Angeles Business Journal’s index of largest local public companies closed down for the week, in line with the larger markets.
Shares of Skechers USA Inc. jumped 5 percent Wednesday after the Manhattan Beach shoe company announced first quarter earnings that soared above expectations.
INTERNET: Radio Titans relaunches in downtown L.A. with sponsorship model
Carl Kozlowski is giving podcasting another try – and hoping to sustain his network with a newly introduced sponsorship model.
Hyun Jin Ryu steps up to plate to promote Jin Ramen noodles.
Ottogi sees Dodgers pitcher Hyun Jin Ryu as quite a catch as a spokesman for its brand of ramen noodles.
Vycon sets up kinetic energy storage system at subway station.
Vycon hopes its kinetic energy storage system gets on a roll from installation at a subway station.
TV: Carriers say high price of channel will lose customers.
Time Warner Cable may have dropped the ball in its plan for other carriers to pick up its new Dodgers channel.
After doing the math, pay-TV providers appear to be sticking to their story that carrying the all-Los Angeles Dodgers channel SportsNet LA on Time Warner Cable’s terms doesn’t pencil out.
MEDIA: New York’s RNN opens L.A. outpost to land new media customers.
New York news producer looks to channel content to new media businesses.
Daniel Singer is the 14-year-old creator of Backchat, an anonymous messaging application.
Spanish ads pull in Hispanic customers.
Sit n’ Sleep says it’s now freeeeeee in recovering economy to launch a Hispanic ad campaign.
PUBLISHING: Lang parent Digital First reportedly looking to cut costs.
Is the Los Angeles News Group about to go on the market as part of its parent company’s sale?
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.
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.
RealD Inc. announced Monday it is expanding its relationship with the largest theater chain in China, Wanda Cinema Line Corp.
Herbalife shares rose Monday after the company announced it is nominating three more designees of Carl Icahn to its board.
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.
MUSIC: Merger gets two former competitors in sync.
Ex-rivals Cinder Block and BandMerch cue up merger to boost their merchandising business.
Al Jerome, the longtime chief executive at public broadcaster KCET of Burbank, announced Tuesday he will retire within six months.
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.
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.
The city of Los Angeles filed suit against Time Warner Cable on Friday seeking $10 million in fees.
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.
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.
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.
Freedom Communications on Monday announced that it will launch its daily newspaper in Los Angeles next month.
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.
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.
HEALTH CARE: RadNet’s shares rise after company beats analyst expectations.
Imaging company RadNet looks good to investors after a healthy fourth quarter.
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.
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.
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.
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.
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.
Two Los Angeles assemblymen on Wednesday introduced a bill to ramp up California’s efforts to hold onto film and TV production.
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.
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.
Rene Kaerskov is hoping the Federal Aviation Administration will soon clear Richard Branson’s Virgin Galactic to take tourists to space.
FILM: Technicolor looks to hew out a future as a Web pioneer with a social site to help connect filmmakers and crew members.
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.
NEWSPAPERS: Freedom Communications takes over Reader to bolster Register.
Freedom Communications’ expansion into Los Angeles is beginning to take shape.
The Los Angeles Business Journal’s index of largest local public companies closed lower for the week.
West L.A. biotech firm CytRx Corp. has announced a $75 million public stock offering.