SFVBJ online: selected news published on sfvbj.com.

The following are some of the stories published in the last two weeks on the Business Journal Web site (sfvbj.com), which is updated with the latest news on a daily basis.

K-Swiss Earnings: K-Swiss Inc. saw increased sales in 2005, but its fourth quarter earnings fell 26 percent because of a one-time tax benefit in fourth quarter 2004. The Westlake Village-based athletic footwear company reported net earnings of $11.6 million, or $0.33 cents per share on revenues of $92.3 million in the fourth quarter of 2005, compared with earnings of $15.6 million, or $0.43 cents per share on revenues of $88.4 million in the previous year. For the full year 2005, the company reported earnings of $75.2 million, or $2.11 per share on revenues of $508.6 million, a jump from earnings of $71.3 million, or $1.96 per share on revenues of $484.1 million in 2004.

Park Purchase: PS Business Parks, Inc., an equity real estate investment trust in Glendale, acquired WesTech Business Park for about $69.6 million. WesTech, in Silver Spring, Md. is a 366,000-square-foot facility. Kaiser Permanente is their largest client, occupying 43 percent of the total square footage. WesTech is 95 percent occupied with 16 other tenants leasing properties from 2,000 square feet to 26,200 square feet.

Easton Merge: Easton Sports Inc. and Riddell Bell Holdings have merged, forming Easton-Bell Sports Inc. The newly formed company will generate more than $600 million in annual revenues. Easton, based in Van Nuys, manufactures and markets baseball, softball, hockey and cycling equipment for professional athletes and enthusiasts. Riddell Bell, based in Dallas, develops helmets and related accessories. It is the National Football league's official helmet supplier. The company was formed in 2004 through the merger of Bell Sports Corp. and Riddell Sports Group. Jim Easton will be chairman of the combined company. The merger is expected to be completed later in this quarter.

CallSource Purchase: CallSource, a Westlake Village-based company that provides online call-tracking technology to companies in various industries, acquired Markette Systems in Washington, which offers similar technology. CallSource is looking to expand in the marine industry among other industries, and Markette's clients in the auto, marine and media sectors will widen its client base. CallSource will also offer Markette's basic call tracking technology to CallSource partners in order to serve the needs of smaller businesses. CallSource produces patented call-tracking software sold through a network of partners or "resellers". The software tracks incoming calls, and the data collected is used by clients to evaluate the effectiveness of advertising and to identify sales leads.

Angels Radio: The nation's largest Spanish language AM radio station has been purchased by a partnership headed by Arte Moreno, owner of the Los Angeles Angels of Anaheim baseball team. Radio 830 KMXE will serve as the flagship Hispanic radio broadcast outlet for Angels baseball games. The partnership is purchasing the station from Sherman Oaks-based Radiovisa, pending approval by the Federal Communications Commission. Radiovisa is a radio company producing syndicated and network radio programming. "The acquisition of Radio 830 KMXE provides a new opportunity to bring play-to-play commentary and Angels game coverage to a large audience of Hispanic baseball fans," said Dennis Kuhl, a partner in the acquisition.

Disney Boost: The Walt Disney Co. announced an increase in first-quarter earnings fueled by a boost in its theme parks, television and consumer products units. The Burbank-based company also announced that in a $2.7 billion deal, it will merge ABC Radio's 22 stations with Citadel Broadcasting Corp. calling it Citadel Communications which will own over 200 FM and AM stations. Disney shareholders will retain 52 percent ownership of Citadel. while Citadel shareholders will control the remaining 48 percent. Robert Iger, Disney president and CEO, said that the deal will further maximize the company's assets for its shareholders. At the end of December 31, 2005, net income rose to $734 million, or $0.37 per share on revenues of $8.9 billion compared to $686 million ($0.33 per share) in the like period a year ago when revenues were $8.7 billion.

Image Distributing: Image Entertainment, Inc., a Chatsworth-based independent licensee, producer and distributor of home entertainment programming, has announced plans to license and distribute the 2005 Austin City Limits Music Festival on DVD and CD with Capital Sports & Entertainment, an entertainment and sports management and marketing company. The DVD and CD releases are scheduled for this summer, and will both be special edition 2-disc sets with highlights from the festival. Capital Sport & Entertainment and KLRU-TV are co-producers of the Austin City Limits Music Festival which features over 130 bands on eight stages in a three-day period.

Shrek Toys: MGA Entertainment Inc., headquartered in Van Nuys, has signed an agreement with DreamWorks Animation SKG, a division of the feature film production company, to make toys and games based on the "Shrek" movie franchise. The toy manufacturer will produce "Shrek"-themed products for the retail market beginning in spring of 2007.