The Breakdown

Explaining Southern California's economy

In SoCal business news: Oprah interested in Clippers, Lego Movie drives Time Warner's profit

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Good morning! Welcome to KPCC's business blog, The Breakdown. Every weekday morning, we compile a list of interesting business stories in the region.

  • Oprah Winfrey, David Geffen and Larry Ellison will join together in a bid to buy the Los Angeles Clippers if the NBA's board of governors votes to force Donald Sterling to sell the team, Geffen told ESPN on Wednesday.
  • A trade group for the nation’s most powerful airlines is threatening legal action against the city of Los Angeles over what it says is an unfair proposal that would make it easier for a labor union to organize at LAX. (LA Daily News)
  • The head of Herbalife vowed that the nutritional products company would emerge unscathed from a Federal Trade Commission investigation. (LA Times)
  • 'The Lego Movie' helped Time Warner deliver strong earnings. (Bloomberg)
  • A panel discussion was held last night on boosting New Jersey’s film and television production tax incentive program. (Variety).  The issue will be the focus of a hearing in the New Jersey state Senate on Monday. In California, state legislators introduced a bill in February that would expand the types of films and TV productions that qualify for the state's $100 million tax credit program.

Got business news? Tweet KPCC's Business team:  Wendy Lee (@thewendylee); Brian Watt (@radiobwatt) and Ben Bergman (@thebenbergman).

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