Los Angeles Business Journal

Drug Maker’s Stock Falls After Death of Patient

Biotech: CytRx’s drop shows risk of allowing use outside clinical trials.

Biotech: Shares of CytRx fall after death of cancer patient using company’s drug outside of clinical trials.

Cable Channel Cues Up More Live Music Events

Media & Entertainment: AXS looks to tap co-owner AEG’s festival connections for shows.

AXS TV, a fledgling cable channel that counts downtown L.A.’s Anschutz Entertainment Group as an owner, is doubling down on its music festival programming.

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Ex-FM Talk Show Host Dialed Into Fans Online

Radio: Tom Leykis finds success with subscriptions after switch to Internet.

Radio: Former FM talk-show host Tom Leykis has channeled a subscription model into success online.

Show-Biz Scribe Acts to Diversify

The Wrap saw its lead role in online show-business reporting diminish as paper rivals made the jump.

Walk of Fame Steps Up on Tech Front

Chamber hopes new star-guide app shines with tourists.

Hollywood Chamber of Commerce hopes its Walk of Fame star-guide app has legs with visitors.

Studio Animated About Creating More Cartoons

PROUCTION: TV, movie projects to be generated in-house at House of Moves.

After a management-led buyout last month, Playa Vista motion-capture and animation studio House of Moves is moving in a more creative direction.

Businessman Nurses Vision of Post-Ebola Riches

mining: Tony Khodadad says quarry among projects ready to go in Sierra Leone.

Tony Khodadad foresees healthy returns from his Sierra Leone ventures: as soon as Ebola is contained.

Embezzlement: Former Studio Money Man Sentenced to Prison

A former finance manager at a big Culver City TV production studio was sentenced to two years in federal prison on Thursday for embezzling $2.5 million from his former employer, the U.S. Department of Justice announced Thursday.

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Lakers Channel Broadens Focus as Team Drops Ball

TV: Time Warner Cable beefs up offerings as another dreadful season looms.

Time Warner Cable SportsNet turns to a new app and other offerings to court fans of the faltering Lakers.

Pot Services Firm Chooses Board To Generate Buzz

Medbox brings in diverse board to light fire under its plan to move up to Nasdaq.

Would-Be Buyer Wants Response From RealD

The New York investment firm that offered to buy RealD earlier this month wrote a letter to RealD’s board on Wednesday expressing displeasure that it had not received a response to the offer.

Hyperlocal Vet Broadens Focus With News Website

JOURNALISM: New venture looks to cover Los Angeles while reining in costs.

A new L.A. news site has grown out of the ashes of AOL Inc.’s Patch – the hyperlocal news network that cut many of its journalists and editors in Los Angeles earlier this year under financial duress.

Road Less Traveled

It’s going to get pretty bumpy for Sara Rotman next year. She’ll be hitting the road as an off-road race driver.

Channel’s Win Big News at 11

TV: KVEA dethrones KMEX from 27-year reign – for now.

KVEA channels investment in its news programming into a late-night ratings win over dominant rival KMEX.

L.A. Times Brings Back ‘California’

The Los Angeles Times is bringing back its California section after a five-year hiatus, the Times announced Monday.

Newspaper Looks to Turn Page With Digital Plans

MEDIA: LA Weekly moves on mobile to bring more online readers into fold.

LA Weekly hopes to get better read on audience with revamped website, mobile approach.

L.A. Times Launches Roku Channel

The Los Angeles Times on Thursday launched an Internet-TV channel available on Roku set-top boxes.

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New Focus

Internet: Ora TV looks to expand online network with shows built around Larry King and other celebrities.

Internet: Ora TV aims to expand its online network with stable of celebrity-anchored shows.

Movie Site Changes Name to Make It in Show Biz

Media & Entertainment: SpiritClips ditches moniker for Feeln to highlight family films.

Santa Monica movie-streaming service Feeln has found its recent image overhaul to be good for business.

Ora TV Looks to Expand Online Network

After Larry King retired from CNN a few years ago, he moved his show to an unlikely destination: Ora TV, an upstart Internet network launched two years ago with backing from the world’s richest man, Carlos Slim Helú. Now, Ora is expanding far beyond the realm of news talk and churning out celebrity and infotainment programming as it tries to become a larger player in the online entertainment world.

Playboy Latino to Launch in December

Playboy Enterprises of Beverly Hills announced on Monday it has reached a deal with a Los Angeles publishing house to produce Playboy Latino, a bimonthly magazine that will be written primarily in Spanish.

Java Maker’s Profit Helps Wake Up Wall Street

Coffee: Farmer Brothers also receives stock-stoking outlook from analyst.

Coffee: Analyst’s upbeat outlook helps investors warm up to java company Farmer Brothers.

Audition Business Casts Lot With Second Location

Entertainment: Growth spurt prompts move despite online threats to sector.

Entertainment: Audition services company Space Station Casting Studios tries out a second location.

Phone Hang-Up on Hold

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As chief executive of DesiHits, an L.A. music-focused digital media firm, Anjula Acharia-Bath connects pop stars such as Lady Gaga with audiences in India, and Bollywood stars with U.S. fans.

CBS Radio Shakes Up KNX and KRTH

CBS Radio has cut a program director and several on-air hosts at news station KNX-AM (1070) and oldies station KRTH-FM (101.1) as it seeks to improve ratings.

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Offshoot of O.C. Paper Folds Up Quickly in L.A.

MEDIA: Register continues on Web after failing to make headlines with arrival.

Los Angeles being a tough market to crack was apparently news to failed paper L.A. Register.

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Panoramic Screens to Try to Widen Films’ Appeal

EXHIBITION: Theaters turn to new technology to boost image with couch potatoes.

In an effort to get people off the couch and out of their homes, movie theaters are lifting the curtain on a new technology that boasts a huge, 270-degree panoramic viewing experience.

DirecTV Shareholders Approve AT&T Takeover

DirecTV shareholders on Thursday signed off on AT&T’s $48.5 billion acquisition offer, DirecTV announced Thursday.

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Making Moves

entertainment: Stoopid Buddy Stoodios applies stop-motion animation of TV’s ‘Robot Chicken’ to commercial, film jobs.

Stoopid Buddy Stoodios hopes to make a go of stop-motion animation in commercials and movies

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HEADLINER

Ex-banker Austin Beutner turns page as Times chief

Ex-investment banker Austin Beutner now looks to make news as publisher of the Los Angeles Times.

In a Family Way

In less than a year, David Fletcher went from being a single guy to married with two children.

Ex-Banker Austin Beutner Turns Page as Times Chief

Austin Beutner is an accomplished guy, what with being a co-founder of a successful investment bank and deputy mayor in Los Angeles. But since he has no experience in the news business, why did he take the top job at the Los Angeles Times?

Could Buyer Refashion Clothing Industry Paper?

MEDIA: Shift into high-end weekly publication possible for Women’s Wear Daily.

New owner Jay Penske may retailor Women’s Wear Daily into a high-end weekly as he did with show-biz trade Variety.

Satellite Provider Wants More Shows in Rotation

TV: DirecTV sees original programming as a way to keep satellite subscribers.

DirecTV Inc. of El Segundo is continuing to ramp up its original programming as the satellite giant tries to keep subscribers.

Longtime Water Official Ed Little Dies at 87

Ed Little, a longtime Culver City business owner and former West Basin Municipal Water District board member, has passed away. He was 87.

Daily Journal Swings to Loss

Daily Journal Corp. swung to a loss in the nine months ended June 30 despite an increase in revenue, the company announced Monday.

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New Ball Game At News Station

RADIO: KFWB turns to sports programming to score listeners.

Former news-focused station KFWB looks to dial up more listeners by switching to an all-sports format.

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Riding Wave In Men’s Grooming

Byrd Hairdo hopes to get surfers on board with pomade line.

Pro surfer Chase Wilson has taken the plunge on water-resistant hair-styling products.

Drug Maker Displays No Ill Effects From Bad News

BIOTECH: Investors snap up Amgen despite test failure, recall of Aranesp syringes.

Amgen shares enjoy a healthy spike despite a drug test failure and product recall.

Production Tax Credit Bill Advances

California lawmakers on Thursday advanced a bill to combat runaway production by expanding the state's film and TV tax credit.

Clippers Sale Closes

The sale of the Los Angeles Clippers to former Microsoft chief executive Steve Ballmer has closed, the National Basketball Association announced Tuesday.

Obituary: Radio Executive George Nicholaw

George Nicholaw, longtime general manager at news radio station KNX-AM (1070), has died. He was 86.

Beutner Named Publisher of L.A. Times

Former Los Angeles deputy mayor Austin Beutner was named publisher and chief executive of the Los Angeles Times Media Group, the Times announced Monday.

Daughter of Late Rocker Cues Up Film

Documentary turns to Kickstarter for story of Chicago guitarist.

Michelle Kath Sinclair hopes to drum up money from Kickstarter for a documentary on her late guitarist father.

Short-Film Festival Hopes to Be in It for Long Run

MOVIES: HollyShorts says submissions, sponsorhsips up in event’s 10th year.

The HollyShorts Film Festival is all about short films – those with a run time of 30 minutes or less.

Times to Change Again as Papers Spinning Off

MEDIA: Tribune launches separate company, splitting broadcasting, publishing.

Los Angeles Times parent Tribune Co. hopes the paper can deliver as part of a new publicly traded entity.

High-Flying Bonds

Most people find a packed flight to be a disappointment, robbing them of the chance at being next to an empty seat. But Drew Zager sees a silver lining.

Investors Climb Aboard In-Flight Wi-Fi Provider

AVIATION: Entertainment, renewal deals and new CEO lift shares of Global Eagle.

Shares of in-flight Internet provider Golden Eagle get lift from arrival of new chief exec.

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Soundstage Takes New Movie Role

FILM: Thunder looks to trade services for stakes in productions.

Soundstage operator looks to cast itself as producer by offering services for stakes in indie films.

Studio Cues Up Larger Rehearsal, Recording Site

MUSIC: Swing House more than doubles space with Atwater Village facility.

Swing House Studios of West Hollywood routinely rents space to big-name bands such as Aerosmith for recording tracks or rehearsing for tours.

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