Good morning! Welcome to KPCC's business blog, The Breakdown. Every weekday morning, we compile a list of interesting business stories in the region.
- Comedian Stephen Colbert is the next host of the "Late Show," after David Letterman retires in 2015 (KPCC). The Colbert Show is filmed in New York City. Will this hurt L.A. chances of landing the "Late Show"?
- Boeing is moving about 1,000 of its customer support jobs out of Washington and into Southern California (KPCC/AP).
- The 2020 Commission recommends the ports of L.A. and Long Beach merge, but some Long Beach officials oppose the idea. Rich Dines, vice president of the Board of Harbor Commissioners at the Port of Long Beach, says it's "one of the worst ideas I have ever heard of." (KPCC).
- Sriracha factory was declared a public nuisance by Irwindale's City Council, which will allow city officials to later inspect the property if the odor problem isn't fixed in 90 days (Associated Press). Meanwhile, KPCC's Kevin Ferguson has some suggestions on five Sriracha alternatives.
- The L.A. Register launches next week and has new bureaus in San Fernando Valley, Hermosa Beach, Pasadena and downtown L.A. (USA Today). Media columnist Rem Rieder says Publisher Aaron Kushner has "a 10-year-plus business plan with no initial circulation targets" for the L.A. paper.
- Waldorf Astoria will build $200 million luxury hotel in Beverly Hills (Los Angeles Times). Reporter Roger Vincent says the hotel is Waldorf Astoria's "first new U.S. outpost west of Chicago" and will open in 2017.
- Fox may want to re-think its television programs. Ratings are down for previous hit shows like American Idol and Glee compared to last year (Variety). Earlier this year, 21st Century Fox lowered its earnings outlook in part due to declining audiences for Idol (KPCC)
- How much does it cost for retailers to tweet a pic of actress Katherine Heigl? Apparently $6 million. Heigl sued drug store chain Duane Reade for tweeting a picture of her shopping without her permission (The Hollywood Reporter). The Hollywood Reporter's Eriq Gardner says the case could impact the way businesses use Twitter to promote themselves.
Got business news? Tweet me @thewendylee.