Los Angeles Business Journal

Will Billionaire Bag L.A. Times?

MEDIA: Some deep-pocketed big names floated as buyers.

Wealth of interest among billionaires in buying the Los Angeles Times was revealed after the paper fired its CEO-publisher.

Price-Gouging Talk Leaves Sector’s Stocks in Hole

BIOTECH: Drug maker Puma among casualties of public uproar over pricing.

Democratic presidential hopeful Hillary Clinton’s price-gouging allegation leads to vote of no confidence in sector.

Tribune Publishing Analyst Rips Company, Recommends Sale

A local Tribune Publishing Co. analyst blasted the newspaper conglomerate in a memo today, saying it bungled the firing of L.A. Times chief executive and publisher Austin Beutner and called on the company to sell itself to Warren Buffett’s Berkshire Hathaway Inc. before its valuation dips any lower.

Soon-Shiong Interested in Buying L.A. Times

Dr. Patrick Soon-Shiong, the wealthiest person in Los Angeles, is considering making an offer to buy the Los Angeles Times, according to a source familiar with the situation who declined to speak on the record.

Multiple Bidders May Emerge for L.A. Times

In the wake of Austin Beutner’s firing from the L.A. Times and reports that billionaire Eli Broad could reignite his interest in acquiring the beleaguered paper, there are now rumblings that others could be interested as well.

Papers’ Parent Hopes LA.com Clicks as Sales Item

INTERNET: Broker believes Digital Media could pull in more than $4 million.

If you’ve ever wanted to own a piece of Los Angeles, now’s your chance to buy the name – online anyway.

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Filling Vacuum

Hyperloop firms take different funding paths

Elon Musk’s proposal for hyperloop travel has two local firms heading down different roads to funding.

Local Effort to Buy Times Turns to Karsh, Oaktree

Billionaire Eli Broad and other Los Angeles leaders might be trying to enlist Oaktree Capital Management co-Chairman Bruce Karsh, who’s company owns nearly a fifth of Tribune Publishing Co. stock, into the fight to regain local control of the L.A. Times.

New Activision Game Sets Digital Record

Activision Blizzard Inc., the Santa Monica video game publisher behind the massive Call of Duty and World of Warcraft franchises, has a new hit on its hands.

Papers’ Values Folding Fast

MEDIA: Tribune Publishing worth a fraction of BuzzFeed.

Print not so fine as firing of Los Angeles Times’ CEO points to problems at paper’s parent and with industry.

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Art Sting

Stolen paintings may cost pawnbroker $100,000

Pawnbroker Yossi Dina could be out $100,000 after his brush with some stolen paintings.

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Humanity on Line

TECHNOLOGY: Sensay links up its users with each other to answer questions as way to compete with AI-powered apps.

Texting service Sensay touts users’ responses as the answer to competing in the question-assistance field.

Expansion on Tap as Eatery Operator Consolidates

DINING: DineEquity plans to move Applebee’s unit into Glendale headquarters.

Expansion is on the table as DineEquity plans to bring Applebee’s International into its Glendale office.

Venture Capitalists Share In Stock Market Unease

INVESTMENT: Turmoil puts focus on high valuations of institution-backed firms.

The global stock market upheaval of the last several weeks is causing many tech venture capitalists to consider the effect of public market volatility on private investments, particularly late-stage valuations, which have been driven up by institutional funds entering the market.

Applebee's Moves HQ to Glendale

Restaurant operator DineEquity Inc. said Thursday that it would move the headquarters of its Applebee’s International Inc. chain from suburban Kansas City, Mo., to its Glendale corporate home.

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Public Pounding

Market chaos carves chunks from billionaires’ billfolds

It’s not just 401(k)s that have been roiled in the market downturn. L.A.’s wealthiest have seen billions evaporate.

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Gig Tunes Up Musical Vet

Brian Silverman turns spotlight on ’80s rock with singing telegrams.

Musical vet Brian Silverman’s latest career stage involves singing telegrams and heavy metal wigs.

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Control Issues

INTERNET: Viral video firm Jukin Media looks to crack down on rival’s website in move to enforce its licenses.

Jukin Media heads to court to become a bigger player in viral video by enforcing its content licenses.

Elon On ‘Late Show’

If Stephen Colbert’s first-week guests are anything to go by, it looks like David Letterman’s successor has an interest in the tech world – or at least in its biggest personalities.

Hungry Tech Firms Engineer Talent Referral Fees

HIRING: RadPad ups ante in hunt for employees with $10,000 referral bounty.

With roughly 1,100 tech startups in the greater L.A. area, competition for talented engineers is stiff.

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Latest Stage

INTERNET: Studios take direction from rising YouTube stars to expand accommodations for digital productions.

YouTube boom spurs studios to recast themselves as production sites for digital content.

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Dog Walkers Unleashed On Malls

Zingy collars deal with Westfield to offer service to shoppers.

Zingy teams with mall owner Westfield to sell shoppers on its dog-walking service.

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Addressing Web

Google’s ABC.xyz yields busy spell for URL firm

Google’s use of ABC.xyz for its Alphabet iteration turns into red-letter day for URL firm.

Exxon Fined for Torrance Explosion

A California regulatory agency has found that Exxon Mobil Corp. intentionally failed to comply with state safety standards prior to a February explosion that injured four workers at its Torrance refinery.

Video Producer to Expand Focus With Live Shows

ENTERTAINMENT: First tour from Fullscreen will showcase female stars.

At last month’s VidCon, an annual convention focused on online video, thousands of teenage fans, mostly girls, descended on the Anaheim Convention Center to see their favorite YouTube personalities in the flesh.

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Worth the Trouble?

TECHNOLOGY: Service Technologies takes on companies’ complaint process to speed resolution, refunds for customers.

Service Technologies says its software helps crack the code of companies’ complaint processes.

Earnings Rundown: Activision Beat Estimates, Feature Films Lift Disney, DreamWorks Loss Widens

Activision Blizzard Inc., the video game publisher behind the massive Call of Duty and World of Warcraft franchises, beat Wall Street expectations in the second quarter thanks to increasing returns from online gameplay.

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Packing ’Em In

Loot Crate scores with fan boys despite other e-tailers’ subscription struggles.

Loot Crate thinks outside the e-subscription box with mystery swag pitched at sci-fi and comics nerds.

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Fake Beef Firm Plants Products

FOOD: Beyond Meat signs up partners to serve vegan items.

Beyond Meat has teamed with vegan product firms to beef up interest in its plant-based substitutes.

NBC Universal Could Back BuzzFeed

NBCUniversal Inc. is reportedly close to making a $250 million investment in digital publishing giant BuzzFeed.

Marketing Firm’s Talk Program Channels Brands

INTERNET: FameBit hopes ‘FilterFreeTV’s’ influencers speak to young consumers.

These days, digital networks such as Maker Studios, Fullscreen Inc. and AwesomenessTV aren’t the only tech companies producing online videos.

TrueCar Share Price Hits the Skids

Shares of Santa Monica’s TrueCar Inc. lost a third of their value in after-hours trading Thursday after the company reported that it would miss financial targets for the second quarter and full year.

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Firm Took Marketing Path To Stand on Immigration

INTERNET: MiTú viewed Donald Trump uproar as means to engage audience.

Digital media firm MiTú used the uproar over Donald Trump’s immigration comments to channel viewers to its content.

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Flipagram Stitches Together $70 Million Funding Round

Popular photo and video-editing app Flipagram has raised a massive $70 million Series B financing round from some of the biggest venture capital firms in Silicon Valley.

Accelerator Vets Speed Way to Another Startup

SOFTWARE: Duo launched Replicated after selling off chat service Look.io.

Tech accelerators in Silicon Beach such as Amplify.LA have done their best to fortify and bolster the local technology industry over the last few years by providing new companies with seed money, office space, mentorship, and networking with VCs and other entrepreneurs.

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Playing Rough

INTERNET: Content firms contend pirated videos on Facebook’s platform could cost them millions of views, dollars.

Facebook’s video platform doesn’t play well with content owners who say they are losing money and viewers.

Clip-Sharing App Whips Up $40 Million

One Santa Monica app maker is trying to make it a whole lot easier for TV, music and sports fans to legally share their favorite clips and highlights with friends online.

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Startups Opening Door to Crowd

INVESTMENT: Firms now can get funds from nonaccredited investors.

Mobile-game developer XReal is making a play for nonaccredited investors now that crowdfunding is for real.

Healthy Boosts From Chinese Connections

For Bob Parker, life has taken some dramatic turns recently.

Kin Community Bets on Branded Content

Kin Community, an online women’s lifestyle network headquartered in Santa Monica, has launched a new branded content division called Kin Studios, which boosts the company’s ability to craft online video campaigns for advertisers.

Nativo Raises $20 Million for Online Ads

El Segundo’s Nativo, a native advertising platform for Web publishers, has raised a $20 million Series B round led by San Francisco’s Advance Vixeid Partners.

Youth Served as Startup Hires 12-Year-Old Exec

INTERNET: PingTank says boy will help photo app reach core kid audience.

It’s no secret that tech startups are often staffed with loads of young employees. But one local app developer is raising (or is that lowering?) the bar when it comes to hiring executives who can relate to teens.

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Incubator Turns Up Heat With Additional Services

TECHNOLOGY: Science credits system for successes such as Dollar Shave Club.

Science has moved beyond an incubator model to help entrepreneurs hatch successful companies.

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Online Video Firm Looks To Connect in Singapore

INTERNET: Maker holds overseas boot camp to link with tech-savvy youth.

Online video firm Maker Studios eyes Singapore’s tech-savvy youth as a major part of its big picture.

Bid Beefs Up Stock of Chin-Fat Drug Developer

BIOTECH: Acquisition by Allergan may aid Kythera rollout of Kybella product.

Kythera sees its share values swell after Allergan announces plan to buy the maker of a chin fat-removal drug.

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Revenge Fuels Energy Fight

MANUFACTURING: Ex-exec looks to zap former family firm.

Rival Alex Lidow seeks revenge by converting International Rectifier’s customers to his semiconductors.

Driving Traffic Fight

A brief encounter with tech billionaire Elon Musk three years ago wound up being financially fortuitous for David Murphy.

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Solar Farm Heats Up Prospects for Job Program

ENERGY: 8minutenergy project may generate work for Homeboy graduates.

In August, Mid-Wilshire solar power developer 8minutenergy Renewables will begin construction on an $800 million solar power farm, dubbed Springbok, in Kern County, an installation that will provide electricity to about 1 million Los Angeles Department of Water and Power customers.

Dentist Aims To Clean Up On Airplanes

Jay Grossman hopes sales of tray covers lift his charity work.

Dentist Jay Grossman hopes the sale of pockets for airplane tray tables will help cover his charity work.

Cancer Drug’s Little Boost Results in Big Fallout

HEALTH CARE: Puma stock falls 25 percent after report of turbulent clinical trial.

Puma stock takes a big dip after its cancer drug only gives a little boost beyond a placebo in a clinical trial.


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