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The affair between Los Angeles Mayor Antonio Villaraigosa and a local TV reporter may become an issue in a proposed real estate development in the city.

Telemundo, owner of KVEA-TV, is weighing the fate of journalist Mirthala Salinas, who reported on the mayor while she was romantically involved with him.

At the same time, NBC Universal, owner of Telemundo, has proposed a $3-billion development in Los Angeles that includes 2,900 new homes and 1.6 million square feet of commercial space. The project would require city approval.

Villaraigosa told the Los Angeles Times that he saw no conflicts of interest in the tangled relationships between him and the TV station’s parent companies.

“I think that they have to act in accordance with their corporate rules and regulations, and I have to act in a way that is separate and apart from all that,” the mayor said.

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Serial entrepreneur While Marc Andreessen has done it again.

The founder of Opsware will receive about $160 million as his share of the company’s $1.6 billion sale to Hewlett-Packard. On his blog Monday, Andreessen described the eight-year run of his company, which began with the name Loudcloud, as an “unbelievable journey.”

“Loudcloud took off like a rocketship,” Andreessen wrote, “raised $350 million in equity and debt financing, went public in March 2001, and was rapidly nearing $100 million in annual recurring managed services revenue when the entire market blew up and virtually all of our competitors and peers went bankrupt.”

He said the company did a complete restart, with a new name, in September of 2002. The company now has more than $100 million in annual revenue, 550 employees and is one of the fastest growing software firms in the world, he wrote.

What’s next for Andreessen, who also helped start Netscape? He told The New York Times that he plans to jump directly into Ning, a Silicon Valley start-up that allows computer novices to develop their own social networking sites.

On the web:
HP buys my company Opsware for more than $1.6 billion in cash – Marc Andreessen blog
H.P. Making 2 Purchases to Push Data – New York Times

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The board of directors of Dow Jones said late Tuesday night that itw as “prepared to approve” a buyout offer from Rupert Murdoch, which would give the conservative press baron control of The Wall Street Journal.

Fine, but the real news is that Al Gore says Murdoch is a man of his word who supports independent voices, according to The New York Times.

It’s not often that the Times buries a lead, but this is one of them. The newspaper acknowledged that Gore’s support is an “unlikely endorsement,” but put it at the very end of its main Murdoch-Dow Jones story, posted to its Web site late Tuesday night.

The story noted Gore’s past opposition to media consolidation by companies like Murdoch’s, ” . . .but on the question of his openness to independent points of view, I want you to know that my experience has been that when he gave his word, he kept his word,” the former vice president told the Times.

The comments were in reference to the future editorial independence of the Journal if Murdoch were to take control. Murdoch has said he would not interfere with news decisions. That has been a major issue in negotiations between Murdoch, Dow Jones and the Bancroft family, which controls a majority of DJ shareholder votes.

Maybe Gore is just empathizing with a fellow media big wig. Gore is the chairman of Current TV, a director of Apple, a senior advisor to Google and a movie star as narrator/host of “An Inconvenient Truth.”

Or, maybe, he is really thinking about running for president again. When’s the last time the Wall Street Journal endorsed a Democrat for the White House?

On the web
Dow Jones Issues Statement – CNN
Dow Jones Board Reaches Deal With Murdoch – New York Times

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