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The Morning Fix

Guggenheim wants to do more deals. CNN gets airport competition.

September 05, 2012|By Joe Flint

After the coffee. Before making my Super Bowl picks.

The Skinny: If I'm elected president, we'll have Labor Day every week. Wednesday's headlines include a look at two of Hollywood's newest players -- Guggenheim Partners and Dalian Wanda Group. Also, CNN will get new competition for the airport audience and a reminder that we should pay more attention to what Kristen Stewart does on screen.

Daily Dose: Tonight, the Cowboys and Giants will do battle on NBC. Normally, the first game of the season is on Thursday but there was a conflict with President Obama's speech. Believe it or not, this is not the first time the NFL has played on Wednesday. That was back in 1925 in a game between the Detroit Panthers and Cleveland Bulldogs. The last Wednesday night game was in September of 1948, when the Cleveland Rams and Detroit Lions battled. There's your trivial trivia fix for the day. 

Not done yet. Guggenheim Partners, the private equity and financial services firm that is heading the consortium that just purchased Dick Clark Productions, is looking for more deals. Guggenheim, which is also part of the group that bought the Los Angeles Dodgers, wants to expand its presence in entertainment both here and abroad. Guggenheim has already showed a willingness with the Dodgers and Dick Clark Productions to spend more than others. Are they smart or will they get taken to the cleaners? A look at Guggenheim from the Los Angeles Times.

Wanda wants more. China's Dalian Wanda Group, which struck a stunning deal to acquire movie theater chain AMC Entertainment for $2.6 billion, still has a big appetite. Wang Jianlin, chairman of Dalian Wanda Group, said the company has a wallet with $10 billion in it and is looking for anothr theater chain along with department stores and hotel management chains. Details on Wanda's plans from the Los Angeles Times and New York Times.

Shrinking paychecks. News Corp. Chairman Rupert Murdoch's compensation package was valued at $30 million for the year ended June 30. While that's nothing to sneeze at, it is about $3 million less than what he made in the previous year. Chase Carey, News Corp.'s chief operating officer, also saw his package drop from $30.2 million to $24.8 million. News Corp. has also nominated two people to its board of directors. Additional coverage from the Wall Street Journal and Los Angeles Times.

New competition. As if CNN didn't have enough problems trying to keep up with Fox News and MSNBC, now the news channel is going to face new competition in an arena it dominates. Clear Channel Communications, the radio and advertising giant, is launching its own TV network to put in airports, which is where CNN is king. Clear Channel's ClearVision will debut in late fall and feature news, sports and other content. Still, wrestling those terminals away from CNN won't be easy. More from Reuters.

Take me to Toronto. The Toronto Film Festival starts later this week and more than 400 movies will be screened and premiered. The festival is seen as a good preview for what movies may be collecting Oscars next year. Previews from USA Today and Variety.

No respect. Bob Barker hosted CBS' "The Price is Right" for 35 years, but when the show celebrated its 40th anniversary on Tuesday with a special show he was nowhere to be seen. Barker told the Associated Press that he thought his criticism of some of the prizes the show has been giving away may have led to the omission.

Inside the Los Angeles Times: Betsy Sharkey says its time to pay more attention to what Kristen Stewart is doing on the screen.

Follow me on Twitter. I don't tweet about fantasy football. @JBFlint.

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