UPDATE: My bad, I had to walk the dog and forgot to hit post when this was relevant. *Doh!* Please go about your day. The suspect is now in custody.
According to coverage at KTLA:
Three schools were placed on lock down Friday as police search for a murder suspect in Studio City.
Police say the suspect was last seen just east of the Carpenter Ave. Elementary school campus where he fled after being recognized by North Hollywood detectives.
Authorities are searching the area near Laurel Canyon and Maxwellton.
The suspect may be armed and is dangerous, officer Diana Figueroa said.
Read the full story at KTLA.com