PARTNERSHIP: Radio station owner Clear Channel and Warner Music Group announced a strategic alliance with revenue-sharing elements. WMG will share in revenue from all Clear Channel platforms and get “unprecedented opportunities” to promote the music of its artists at Clear Channel’s radio stations, digital music properties and outdoor advertising properties. Financial details were not disclosed.
NEW ADVISER: Herbalife Ltd. has appointed former Los Angeles Mayor Antonio Villaraigosa as a senior adviser to Chief Executive Michael O. Johnson and the company’s board. The Los Angeles nutritional products company, which has been battling allegations that it operates as an illegal pyramid scheme, said Villaraigosa will counsel Herbalife on strategic business development and global community outreach. It did not disclose how much he will be paid.
SETTLEMENT STANDS: A Los Angeles Superior Court judge has ruled that Jamie McCourt has no legal basis to force her ex-husband to share his profit from the sale of the Dodgers. Judge Scott Gordon dismissed Jamie McCourt’s claim that she was unaware of the potential value of the Dodgers and of a regional sports network. Frank McCourt sold the Dodgers to Guggenheim Baseball Management for $2.15 billion last year, five months after Jamie McCourt accepted $131 million in a divorce settlement.
HIRING STEADY: Los Angeles area employers are expected to continue hiring workers at a modest pace during the fourth quarter, according to a survey from employment agency giant Manpower Inc. During the fourth quarter, 15 percent of employers in Los Angeles and Orange counties said they expected to hire workers, while 9 percent expected to lay off workers. Nearly three-fourths of employers said they would maintain current staff levels, according to the Milwaukee employment firm’s survey. However, the job market in Los Angeles lags behind the rest of the county as Manpower’s nationwide survey found 22 percent of employers expected to hire workers and 6 percent said they would lay off workers.
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