LA BUSINESS JOURNAL DAILY NEWS

Pride Media Names Interim Chief Executive Amid Coyle Departure

Pride Media, owner of iconic LGBTQ publications “Out” and the “Advocate,” on April 18 named Orlando Reese to the position of interim chief executive hours after the departure of chief executive Nathan Coyle.

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Silicon Beach Report April 18: Red Six Raises $2.35 Million for Flight

JPL still mining Cassini data; AET Fund raises $50 million; Red Six gains $2.35 million.

Rexford Acquires Four Industrial Buildings for $85M

Sawtelle-based Rexford Industrial Realty, Inc. has purchased four industrial properties for $84.5 million, the company announced April 18.

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Red Six Raises $2.35 Million

Red Six Aerospace Inc. closed a $2.35M seed round April 18, led by Marina Del Rey-based Moonshots Capital Management.

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CBB Bancorp Extends Employment Contract for CEO Joanne Kim

Koreatown’s CBB Bancorp Inc., parent of Commonwealth Business Bank, entered into a new employment contract with Joanne Kim, who has served as president and chief executive officer over the past eight years.

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Silicon Beach Report April 17: Slingshot Aerospace Gains $5 Million

J2 Global acquires four companies; Gen.G raises funds for LA HQ; $5 million raised by Slingshot Aerospace.

Children’s Hospital Los Angeles Raises $2M During SoCal Fundraiser

A record 123 businesses across Southern California raised nearly $2 million during a spring fundraiser for Children’s Hospital Los Angeles, the hospital announced April 17.

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Live Nation Buys Key SoCal Venues

Live entertainment titan Live Nation Entertainment Inc. purchased the Santa Ana Observatory music hall and is finalizing a buy of the San Diego North Park Observatory, according to an April 12 press release.

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UPDATED: Writers Guild Sues Biggest Talent Agencies

The Writers Guild of America filed a lawsuit against Hollywood’s biggest talent agencies April 17 that alleges packaging fees run afoul of state law.

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Smart & Final Acquired for More Than $1 Billion

Investment firm Apollo Global Management will acquire Commerce-based Smart & Final Stores for more than $1.1 billion.

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Silicon Beach Report April 16: Hulu Buys Back 10% Stake from AT&T for $1.43B

Netflix releases subscriber stats; Hulu buys back AT&T stake; Flowspace finds $12 million.

Warner Bros. Expansion Plan Includes Burbank Studios, Gehry Towers

Warner Bros. Entertainment announced major expansion plans for its Burbank headquarters, which will include the acquisition of a nearby studio complex and the creation of two Frank Gehry-designed office towers.

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Skydance Pays $321M for Lantana Buildings in Santa Monica

Skydance Media purchased Lantana Center and Lantana West in Santa Monica for $321 million, records show.

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Harbor Commissioners Postpone Automation Vote

Hundreds of dockworkers booed as the Los Angeles Board of Harbor Commissioners announced Tuesday morning to postpone a vote for 30 days on automation at the West Coast's largest terminal at the request of Los Angeles Mayor Eric Garcetti.

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Warehouse Tech Platform Flowspace Raises $12M

Culver City-based Flowspace Inc., a technology company that helps connect businesses with available warehouse space and fulfillment services, announced April 16 it raised $12 million in Series A funding.

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Mixed-Use Complex in Long Beach Sells for $48.9M

MG Properties Group purchased a 158-unit apartment building with ground floor retail in Long Beach for $48.9 million, records show.

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Alex Meruelo’s Media Company Buys KLOS-FM

Billionaire realtor, restauranteur, casino owner – and FM radio investor – Alex Meruelo’s Meruelo Group announced April 15 that it entered into agreement to purchase KLOS-FM from Cumulus Media Inc.

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Silicon Beach Report April 15: SpaceX Wants More Cash

Bird expanding in Europe; SpaceX seeks new funding; SpaceIL shoots for Lunar Lander 2.0.

Thousands of Talent Agents Fired, as Dispute With Writers Goes On

The Writer’s Guild of America fired thousands of Hollywood talent agents April 13, because the agencies did not agree to a code of conduct proposed by the screenwriter’s union.

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Deadline Approaches on WGA’s Threat to Fire Talent Agents

The Writer’s Guild of America declared April 12 that their members will fire thousands of Hollywood talent agents if the talent agencies do not agree to the writer’s code of conduct by the end of day.

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