The Breakdown

Explaining Southern California's economy

In SoCal business news: Disney elevates Sherwood, Apple/Comcast talks, a hotel construction boom

31718 full
31718 full

Welcome back from the weekend. Hope everyone survived the first three rounds of March Madness. If your bracket is still perfect, congratulations, you're a billionaire. Unfortunately, this doesn't seem to apply to anyone.

Here are some of the business stories we're following at KPCC today:

  • Disney announced ABC News President Ben Sherwood will replace Anne Sweeney as Co-Chairman, Disney Media Networks and President, Disney/ABC Television Group next year. Sherwood has been credited for elevating once-lackluster Good Morning America over  that of rival NBC's Today Show.
  • Today's most intriguing story comes from The Wall Street Journal, which is reporting that Apple is in talks with Comcast to partner on "a streaming-television service that would use an Apple set-top box and get special treatment on Comcast's cables to ensure it bypasses congestion on the Web." The Journal, quoting anonymous sources, cautions that the companies aren't close to an agreement. Still, the paper says "the deal, if sealed, would mark a new level of cooperation and integration between a technology company and a cable provider to modernize TV viewing."
  • Herbalife announced that it's agreed to nominate three more allies of investor Carl Icahn to its board, which would bring the number of Icahn representatives to five. Icahn owns about 16.8 percent of the company.
  • The Orange County Register reports on a boom in local hotel construction. The paper says there are more hotels under construction right now in Los Angeles and Orange County than at any time since 2009.
  • The Register also looks at the impact that young (and not so young) people living with their parents longer are having on the economy. "Not only did those people put off buying or renting homes of their own, but the impact has rippled through the economy in the form of reduced demand for furnishings, appliances and home and garden supplies," the Register found.
  • David Carr opines on the worrying trend of tying page views to reporters' pay. (That's something we would never do at KPCC. But just in case, make sure you click on this blog as much as possible, please) 
  • The Dodgers went 2-0 in MLB's Opening Series in Sydney, but about 70 percent of Los Angeles residents still can't see their home team on TV, because they're not Time Warner Cable subscribers. NPR is the latest to cover the standoff between Time Warner and pay-TV providers.
  • The New Yorker profiles Kobe Bryant's "fourth-quarter" in its new issue.
  • Finally, if you've ever wanted to own part of a nuclear power plant, now is your chance to bid on the pieces of San Onofre that go on the auction block starting Wednesday. Sorry, no radioactive materials will be for sale.

If you see other stories we should be following please let us know.  Follow me on Twitter at @thebenbergman.

blog comments powered by Disqus

Enjoy reading The Breakdown? You might like KPCC’s other blogs.

What's popular now on KPCC