Orange County Register Publisher Aaron Kushner (left) and company President Eric Spitz. Kushner is also the publisher of the Los Angeles Register.
The Los Angeles Register will launch on April 16, according to the paper's parent company, Freedom Communications.
The new daily newspaper will serve Los Angeles County and will be sold at more than 7,500 locations for $1.50 on weekdays and $2 on the weekend. Freedom Communications did not immediately respond KPCC's question on its daily circulation.
Aaron Kushner, publisher of the L.A. Register — along with the Orange County and Long Beach Register papers — said the paper will deliver "community-building information about local activities, people and issues that impact our lives every day."
According to Kushner's statement in the press release:
"The Los Angeles Register and our community newspapers serving Los Angeles will focus on creating deep and meaningful local connections, as it is this type of bond and mission that helps subscribers, advertisers and our community itself thrive."
Roberto (Bear) Guerra
Dockworkers secure the USS Iowa just after arrival at Pier 87 in San Pedro, CA. Thousands of dockworkers in California, Oregon and Washington will start negotiations this spring with the Pacific Maritime Association, according to the Press-Telegram.
Good morning! Welcome to KPCC's business blog, The Breakdown. Every weekday, we compile a list of interesting business stories in the region.
- Activist hedge fund manager William Ackman made a financial bet that Herbalife's stock will drop, and to ensure that would happen, he spent money in lobbying efforts to help the company's demise, according to the New York Times. Ackman's team has helped organize protests and letter writing campaigns against Herbalife in order to push legislators to investigate the company, according to the Times.
- Contract negotiations will begin this spring between a union representing 23,000 dockworkers and the Pacific Maritime Association, the Press-Telegram reports. The union employees work in Washington, Oregon and California. Two years ago, longshore workers played a key role in helping the clerical workers strike during tense contract negotiations with their employers. The dockworkers refused to cross the picket lines, causing shipments to be delayed. The strike triggered 10 out of the 14 terminals to be shutdown.
- Mickey Kantor, co-chair of the Los Angeles 2020 Commission, talks to the Los Angeles Magazine about the commission's report and ways the city can improve.
- Wall Street Journal will launch sponsored content on its website tomorrow near other news articles, according to Ad Age. Generally, sponsored content can be articles that are made or paid for by advertisers. KPCC reported on some of the controversy surrounding sponsored content, with some journalists saying they think sponsored content articles can confuse readers between what's a real news article and an ad.
- There's a new movie studio that will launch, led by Hollywood producer Robert Simonds Jr., with backers including TPG Growth and Chinese investment firm Hony Capital, the New York Times reports. The new studio will focus on $40 million movies, such as comedies and dramas and will create content with Chinese audiences in mind, according to the Times.
- Billboard ranked the top money-makers in music by how much they made in the last 12 months, and number one is Taylor Swift, making nearly $39.7 million a year.
- Did you watch the season finale of HBO's True Detective last night? If you watched it on HBO Go, you may have had some problems due to server overload, according to the Pando Daily. The website analyzes whether HBO needs to be a great technology company when it already makes a lot of money from its cable network.
- So what exactly happened on last night's episode? I won't spoil it here, but you can listen Take Two's story on how the title sequence for True Detective was created, including how getting that photo of the stripper's heels took some work.
- I've heard of juice cleanses...but the laist reports there's a store in Venice that offers coconut-based ice cream cleanses. That's if you're willing to pay $240.
Justin Sullivan/Getty Images
Private equity firm Cerberus Capital Management plans to purchase Safeway in a $9.4 billion deal and merge it with Albertsons.
Some Safeway and Albertsons locations may be sold in order for the two supermarket chains to merge.
Combined, Albertsons and Safeway will have 455 stores in Southern California, if Albertsons owner, private equity firm Cerberus Capital Management, buys Safeway in a $9.4 billion deal.
That may cause regulatory agencies to ask that some stores be sold or divested, especially in areas where locations are very close in proximity, said Jim Lee, a USC adjunct professor and former Stater Brothers executive.
"The whole point of divestiture is to ensure a competitive marketplace in the government's eyes," Lee said.
When the stores get sold on the market, that could become a great opportunity for grocery competitors to snap up new locations, Lee added. For example, when Albertsons took over Lucky's, it sold stores in 1999 and Stater Brothers bought 43 of them.
People looking for work stand in line to apply for a job during a job fair in Miami, Fla.
California's economy lost 31,600 jobs from December to January, but the statewide unemployment rate still fell slightly to 8.1 percent, according to figures released Friday by the California Employment Development Department.
The rate for January compares with 8.3 percent the month before (December 2013), and 9.5 percent a year before in January 2013.
Across the state, five categories added jobs in January: manufacturing; financial activities; professional and business services; educational and health services; and other services. But five other categories saw job declines: construction; trade, transportation and utilities; information; leisure and hospitality; and government.
From January 2013 to January 2014, California employers added a net of 319,500 jobs, according to the California EDD.
Happy Friday! Welcome to KPCC's business blog, The Breakdown. Every weekday, we compile a list of interesting business stories in the region.
California's unemployment rate fell to 8.1 percent in January, according to the Sacramento Bee. My colleague Brian Watt (@radiobwatt) will analyze the unemployment figures for The Breakdown later today.
Safeway will be sold to private equity firm Cerberus Capital Management for $9.4 billion and merge with Albertsons, according to the San Jose Mercury News. The newspaper says the deal could mean lower prices on groceries for consumers, although one analyst was skeptical. Check back later today for analysis on what the Safeway deal means for SoCal.
Boeing said it would freeze the pension benefits of more than 68,000 non-union employees and switch them to a 401(k) plan in 2016, the Wall Street Journal reports.