NEW OWNERS: Lehman Bros. Holdings has reached an agreement to sell historic independent studio Culver Studios to Hackman Capital Partners, an L.A. real estate investment firm, for $85 million, the Los Angeles Times reported. The Culver City studio, where “Gone With the Wind” and “Citizen Kane” were filmed, currently is home to ABC TV productions “Cougar Town” and “Marvel’s Agents of S.H.I.E.L.D.” It is among Lehman assets being sold off as part of the investment firm’s bankruptcy process. Lehman and other investors bought the property from Sony Pictures Entertainment about 10 years ago.
CFO LEAVES: Ixia Chief Financial Officer Tom Miller resigned last week after the completion of an internal investigation into accounting practices at the Calabasas maker of computer networking software. The investigation determined that Miller did not engage in intentional misconduct. The probe was prompted by last year’s resignation of Chief Executive Vic Alston after it was discovered he had falsified his resume. The investigative committee found that while Alston had misstated his academic credentials and employment history, he had not lied about the company’s financial results. Even so, insufficient financial reporting controls led to errors in revenue results, according to the company, and some restatements will be necessary.
PROGRAMMING DEAL: Walt Disney Co. and Dish Network Corp. have reached a programming deal that allows the Denver satellite TV operator to carry Burbank-based Disney’s networks such as ABC and ESPN. It also grants Dish rights to include Disney programming in a Web-based service. Disney also agreed to end its lawsuit against Dish over the AutoHop service, which allows viewers to more easily skip commercials. In return, Dish will disable AutoHop for ABC programs until three days after a show airs.
FUNDING CUT: Disney reportedly will stop funding Boy Scouts of America troops next year due to the youth organization’s policy of banning adult leaders who are gay. Disney does not provide direct funding to the Scouts organization, but donates money to some troops that employees work with. Disney has not commented on the decision.
EARNINGS: AeroVironment Inc. reported fiscal third quarter net income of $11.2 million, compared with $3.9 million in the same period a year earlier. Revenue rose 47 percent to $69.2 million.
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