Good morning! Welcome to KPCC's business blog, The Breakdown. Every weekday, we compile a list of interesting business stories from the region.
- California's inland economies are not recovering as well as those of coastal communities, in part because of a weak manufacturing sector, according to the Press-Enterprise. KPCC covered this issue earlier when the UCLA Anderson Forecast was released in September.
- KPCC told you last summer of Mercedes-Benz USA's agreement to rent a former Boeing facility in Long Beach, but at that time, the company was mum on what it planned to do with the space. The Orange County Register reports the space will be used as Mercedes-Benz's regional office in the western U.S., a training center and vehicle preparation facility.
- Many news organizations from the Washington Post to the New York Times poured money into creating video departments, but Politico reports those efforts haven't paid off. There's been a move toward "brief video packages" instead of live programming, according to Politico.
- The pullback from live programming has also been seen in Southern California. U-T San Diego says it is moving its television station away from cable broadcasting and to digital only. That's less than two years after its the programming launched.
- Here's another update on Tribune Co., the corporate parent of the Los Angeles Times. An activist hedge fund is urging Tribune sell some of its properties, including its real estate holdings and spectrum, according to the Wall Street Journal.
- Remember when smart phones didn't exist and you used to dial 777-FILM to check when a movie was playing near you? Well, that phone number under Moviefone is going away this spring, according to Variety. Customers are being encouraged to download the Moviefone app, Variety said.
Got business news? Tweet me @thewendylee.