That's right: the days of dogging LA book culture might soon (finally!) be behind us thanks to The Los Angeles Review of Books, an ambitious new LA-based literature review journal that’s re-imagining the art of literary critique and propelling it into the 21st century. Digital, sprawling, and fearless, the LARB aims to reinvigorate book discourse by widening the margins of literary coverage and overthrowing the traditional book review format. more ›

The company that owns nine Los Angeles-area newspapers, including the Los Angeles Daily News, Long Beach Press-Telegram, The Daily Breeze and the Pasadena Star-News will be filing "a pre-packaged Chapter 11 bankruptcy" according to the OC Register. Affiliated Media Inc. announced their plan to reorganize yesterday, and that "the holding company’s lenders have agreed to swap debt for equity." As part of the deal their debt will be reduced "from $930 million to $165 million." Affiliated's CEO said the solution is part of their "search for a new model that reflects the realities of today’s changing newspaper environment," and gives them "breathing space to create a new model for the newspapers [they] publish.” more ›

Matthew Sweet and Bangles vocalist Susanna Hoffs head to the GRAMMY Museum tonight to unveil their newest project “Under The Covers Vol. 2,” as part of the Museum’s program “The Drop.”; The duo will take part in an onstage interview, participate in an audience Q&A and perform selections from their new CD. The new release features 16 of their favorite tunes from the 1970s. The event begins at 8 pm, and tickets are $14.95. more ›

This hilarious video is full of ideas and initiatives that newspapers could employ to shake the print downturn and become more like LAist. the more economical and timely Internet publications of today. Fill the news racks with double-D racks? Open up an LA Times Smoke Shop on Spring Street? Got any better ideas? more ›

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• The Daily News has more details on those marijuana vending machines. Besides, you know, the fact that they are TOTALLY AWESOME!
• A rash of gang violence in Watts since the weekend has led to two shooting deaths and the injury of at least 13 others.
• Yahoo is not doing so well: a major drop in fourth quarter profits is going to mean layoffs somewhere in the neighborhood of of 7% of the workforce.
• Four people, including one juvenile, were arrested in Glendale for an attempted carjacking in which the suspects are accused of threatening the driver with a shotgun: "A suspect fired at the frightened driver as he took off in his truck, and shotgun pellets hit the back of the truck."
• More on the USC "Riots" and the cops who spoiled the party, from L.A. blogger WitnessLA: "Now, no one would argue against an officer having the right to use appropriate force on a large, drunk, bottle-throwing college guy. But, in multiple instances eyewitnesses insist that they saw an indiscriminate use of Tasers and batons on non-aggressive students."
• This isn't really news...which doesn't stop it from being TOTALLY AWESOME: make your Guitar Hero controllers into actual instruments!
• An asteroid passed by earth today, a mere 334 thousand miles away from us! Close calls, guys!

In like a fox and out with a yodel? Microsoft wants to buy Yahoo for $50 billion. Many have speculated that Microsoft would eventually spring for big Y, as a marriage with the online media giant increasingly appears to be the most viable option to compete with Google in the great war of search and online advertising. Always a fun rumor to kick around, but today it's being corroborated by the WSJ, and considering... more ›

Lately it seems that the LA Times' A Section has at least one Iraq-related article on nearly every page. While the rest of the media world speculates on the fate of the TribCo and the designs the Times' potential suitors may have in mind, is the paper covering Iraq better than anyone else? The general trend of newspapers focused on cost-cutting and boosting readership is to expand local coverage. But as recently as last... more ›