Monster Mash: Breaking news and headlines

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--The 27-year-old Shakespeare Santa Cruz must raise $300,000 by noon on Dec. 22 or it will go dark in 2009 and possibly permanently.

--Nonprofits fear fallout after the arrest of New York money manager Bernard Madoff.

--Museum of Contemporary Arts board members speak out about the Los Angeles museum’s financial situation.

--Is ‘Rock of Ages’ moving to Broadway next spring? Maybe.

--Sci-Arc holds an e-mail -- yes, e-mail -- auction of some L.A. architects’ sketches.

--Another victim of the economy: The Broadway revival of ‘Gypsy,’ starring Patti LuPone, will close on Jan. 11.

--Economic slowdown leads Christie’s to slash auction price estimates by 10% in hopes of spurring sales.

--Yasmina Reza’s (‘Art’) ‘God of Carnage’ will arrive on Broadway in spring of next year.

--Velvet Underground founding member John Cale is to represent Wales at the Venice Biennale. The 66-year-old musician will produce new audio-visual work in collaboration with artists, filmmakers and poets.

--Audiences at Broadway’s ‘Speed-the-Plow’ on Saturday afternoon got a musical treat from one of the stars.

--A revival of ‘West Side Story,’ directed by Arthur Laurents, begins its pre-Broadway run in Washington today.

--A ‘lost’ 38-ton sculpture by Richard Serra returns to a museum in Spain.

--Lisa Fung

Photo’ Gene Gillette (Prince Escalus), Caitlin FitzGerald (Juliet) and Charles Pasternak (Romeo) in Shakespeare Santa Cruz’s production of ‘Romeo and Juliet.’ Credit: R.R. Jones