Welcome to the Breakdown, KPCC's Business blog. Every weekday morning, we compile a list of interesting business stories in the region.
- AT&T is considering buying DirecTV. If Comcast and Time Warner Cable can try it, why not a telecom giant and satellite broadcaster with a combined 26 million U.S. customers. Neither company is talking about it, publicly but both AT$T and El-Segundo-based DirecTV have reportedly formed due diligence teams to explore a possible sale. (WSJ/LAT)
- Viacom's profit up 4%. But Paramount Pictures stumbles at box office. (LAT)
- Magic at Milken with a new take on owning the Clippers. The Breakdown's Ben Bergman has been hanging out with important people at the Milken Global Conference. On Wednesday, he heard Magic Johnson say: "I will be owning an NBA team sometime...Is the Clippers the right situation? Of course. It's one of the premiere franchises." (KPCC)
- If YOU want to be part-owner of the Clippers...Gabe Hakim and Denise Bailey-Castro make the case on the Huffington Post for making the Clippers the first team "...of the fans, by the fans, and for the fans." You can also check out their pitch at ourclippers.org.
- Disney Infinity 2.0 adds Marvel characters. The Breakdown's Wendy Lee attended the unveiling of the next installment of Disney's popular video game platform. It was the first big announcement from Disney Interactive since we learned the video game division was laying off 700 employees. (KPCC)
- The Sportsmen's Lodge is back. The Studio City landmark hotel is now fresh after an $8 million face-lift. (LA Daily News)
- StubHub will produce some concerts of its own. The first one will be May 18 in Los Angeles, and we'll apparently learn who's performing next week. (Press-Telegram/AP)
Got business news? Tweet KPCC's Business team: Wendy Lee (@thewendylee); Brian Watt (@radiobwatt) and Ben Bergman (@thebenbergman).