BUSINESS
May 1, 2012 | By Dawn C. Chmielewski, Los Angeles Times
NEW YORK - Yahoo Inc.staged its glitzy presentation for advertisers in a theater near Central Park, with appearances by Katie Couric, "CSI" creator Anthony E. Zuiker and, via video, Tom Hanks. AOL Inc.rented out a three-story production studio in the gentrified Meatpacking District, which it filled with pounding dance tracks as gym-sculpted servers carried trays of beverages and snacks. A series of celebrity-studded presentations concluded with 1970s TV star Marlo Thomas taking the stage as AOL awarded prizes, including a new Ford Mustang convertible.
BUSINESS
February 21, 2012 | Greg Braxton and Meg James
More than 20 years after he last played pro basketball, former Lakers star Magic Johnson is ready for a whole new game: running his own TV network. The Hall of Famer, who has become a successful business mogul, is preparing to launch Aspire, a 24-hour channel with a focus on what Johnson called positive, uplifting images of African Americans. The basic cable outlet will join other channels targeting black viewers, such as BET and TV One, and will offer opportunities for blacks who have struggled to find work in mainstream Hollywood.
SPORTS
January 1, 2012 | By Lance Pugmire
Pac-12 Conference Commissioner Larry Scott's big year begins Monday as he watches two of his teams, Oregon and Stanford, perform in lucrative Bowl Championship Series games at Pasadena and Glendale, Ariz. In the fall, the conference's marquee program, USC, emerges from its two-year NCAA bowl ban with a Heisman Trophy candidate quarterback in Matt Barkley and national-title aspirations certain to draw crowds and boost television ratings for the new Pac-12 network. New coaches at UCLA, Arizona and Washington State enhance the depth.
ENTERTAINMENT
December 9, 2011 | By Joe Flint, Los Angeles Times
They say Tim Tebow can't pass. They say he over-relies on the run, and prays too much on the field. They say he'll never last in the National Football League. But one thing the critics can't say about the strangely polarizing Denver Broncos quarterback is that he isn't good for television. In addition to being 6-1 since being named the team's starter, Tebow's winning ways have boosted ratings for the networks that are scrambling, and sometimes piling on and over each other, to broadcast the Broncos and its star quarterback.
BUSINESS
December 8, 2011 | By Meg James, Los Angeles Times
Call it a cable squeeze play. Cable television networks may be the most lucrative divisions of many large media companies, but the networks are beginning to feel the pinch of dramatically higher programming costs. In 2006, TV sports giant ESPN spent $3.5 billion on programming for its flagship channel. This year, the channel's content costs have mushroomed to $5.2 billion — a nearly 50% jump from five years ago, according to consulting firm SNL Kagan. Programming expenses for Time Warner Inc.'s TNT channel have soared 55% since 2006 to $1.1 billion this year, propelled by sports rights fees for NBA and NCAA basketball as well as a lineup of original dramas including "The Closer" and "Falling Skies.
SPORTS
December 6, 2011 | By Bill Shaikin
Reporting from Wilmington, Del — The main event in the Dodgers' bankruptcy case was supposed to be McCourt versus Selig. Little did we suspect that, five weeks after Dodgers owner Frank McCourt agreed to sell the team, the legal fireworks really would get underway. In a two-day hearing set to start Wednesday in U.S. Bankruptcy Court, McCourt's antagonist is Fox Sports, not the commissioner of baseball. Before the Dodgers filed for bankruptcy, Fox stood with McCourt in an effort to secure the Dodgers' long-term television rights by throwing McCourt the financial lifeline of a new broadcast contract.