Thursday morning headlines

Just a quick roundup this morning:
*Oops: Forgive the earlier typo (now corrected) - hed should be Time

Time lays of 250: No word yet on local bureaus, but the cuts include People magazine shutting down its offices in Chicago, Washington and Miami. Time, the flagship magazine, was expected to lose 70 people. NYT

Rent hikes slowing: It's often what happens when housing prices start to fall. The average rent in L.A. County last year was $1,614, up 7.8 percent from 2005. But the occupancy rate fell slightly. LAT

HP plea bargain?: California prospecutors have offered Hewlett-Packard Chairwoman Patricia Dunn and four other defendants a bargain to plead guilty to a misdemeanor charge, the San Jose Mercury News is reporting. But the feds are still investigating, so there might not be that much incentive to cut a deal.

Universal raid: Christopher Meledandri, who oversaw the successful “Ice Age” movies as head of 20th Century Fox Animation, has been hired by Universal to set up a family-oriented production house - eventually to be financed by outside investors. Variety

Eisner deals: The former Disney CEO is investing in an online channel devoted to scouting talent for United Talent Agency (what, "American Idol" isn't good enough?). NY Post reports that the unusual channel will debut next month on the Veoh Web site.

MySpace is sued: Four familes have filed separate suits in Los Angeles Superior Court, claiming that their underage daughters were sexually abused by adults they met on the site. The suits allege negligence, recklessness, fraud and negligent misrepresentation by the companies. No immediate word from the Bev Hills-based social networking site. AP


More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent stories:
Siri versus Hawaiian pidgin (video)
Letter from Down Under: Welcome to the Homogenocene
One last Florida photo
Signs of Saturday: No refund
'I Am Woman,' hear them roar

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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