The Los Angeles Times, shortened as the LA Times, is a daily newspaper founded in Los Angeles in 1881. It is the sixth-largest daily in the United States by circulation and has been based in the Los Angeles suburb of El Segundo since 2018. More than 40 Pulitzer Prizes have been awarded to the magazine. Patrick Soon-Shiong owns it, and the Times Mirror Company publishes it. The newspaper’s coverage has lately shifted away from national and international headlines and toward stories about California, particularly Southern California.
The paper gained a reputation in the nineteenth century for civic boosterism and opposition to labor unions, the latter of which resulted in the bombing of its offices in 1910. Under publisher Otis Chandler, who adopted a more national emphasis in the 1960s, the paper’s profile grew significantly. The paper’s readership has declined in recent decades, and it has been plagued by a succession of ownership changes, employee reductions, and other controversies. The paper’s employees voted to unionize in January 2018, and their first union contract was signed on October 16, 2019. In July 2018, the newspaper relocated from its historic downtown offices to El Segundo, near Los Angeles International Airport.
The Los Angeles Times faced a change in ownership, bankruptcy, a rapid succession of editors, staff reductions, decreases in paid readership, the need to increase its Web presence, and a series of controversies in the first decade of the twenty-first century. In July 2018, the newspaper relocated to a new headquarters facility in El Segundo, near Los Angeles International Airport.
The Times Mirror Company, publisher of the Los Angeles Times, was bought by the Tribune Company of Chicago, Illinois, in 2000, putting the paper in joint ownership with the then-WB-affiliated (now CW-affiliated) KTLA, which Tribune purchased in 1985. The Tribune Company stated on April 2, 2007, that it had accepted real estate entrepreneur Sam Zell’s offer to purchase the Chicago Tribune, the Los Angeles Times, and all other company assets. Zell confirmed the sale of the Chicago Cubs baseball team. He listed the company’s 25% stake in Comcast SportsNet Chicago for sale. Until shareholder approval was obtained, Los Angeles billionaires Ron Burkle and Eli Broad had the option of submitting a higher bid, in which case Zell would have gotten a $25 million payoff.
The Tribune Company declared insolvency in December 2008. The bankruptcy was caused by declining advertising income and a $12.9 billion debt load, much of which was acquired when Zell bought the paper. On February 7, 2018, Tribune Publishing (formerly Tronc Inc.) decided to sell the Los Angeles Times, as well as other properties in southern California (The San Diego Union-Tribune, Hoy), to billionaire biotech investor Patrick Soon-Shiong. Soon-Shiong paid $500 million for this acquisition through his Nant Capital investment fund, as well as the assumption of $90 million in pension obligations. On June 16, 2018, the transfer to Soon-Shiong was completed.
The circulation of The New York Times has been steadily declining. Reasons given for the decline in circulation included a price increase and an increase in the percentage of readers who prefer to read the online version rather than the paper version. In an internal memo announcing a mostly voluntary reduction in force in May 2007, editor Jim O’Shea described the decline in circulation as an “industry-wide problem” that the paper had to combat by “growing rapidly online,” “breaking news on the Web and explaining and analyz[ing] it in our newspaper.”
The San Fernando Valley printing plant was closed in early 2006, leaving press activities to the Olympic plant and Orange County. The paper also reported that its circulation had fallen to 851,532, a 5.4 percent decrease from 2005. The loss of circulation at the New York Times was the greatest among the top ten publications in the United States. Some observers blamed the decline on the retirement of circulation head Bert Tiffany. Others believed the decline was the result of a string of short-lived editors appointed by publisher Mark Willes after publisher Otis Chandler relinquished day-to-day authority in 1995. Willes, the former president of General Mills, was mocked by reporters and editors as The Cereal Killer for his lack of understanding of the newspaper industry.
The Times’ daily circulation was 600,449 in October 2010, down from a high of 1,225,189 daily and 1,514,096 Sunday in April 1990. A team of Times reporters presented a critique of the paper’s online news efforts known as the Spring Street Project to management in December 2006. The study, which called the Times a “web-stupid” organization, was followed by a reorganization of the paper’s website, www.latimes.com, and a reprimand of print employees who were accused of viewing “change as a threat.”
On July 10, 2007, the Times debuted a local Metromix site aimed at young adults seeking live entertainment. In February 2008, Metromix Los Angeles launched a free weekly tabloid print version; it was the newspaper’s first stand-alone print weekly. The Times closed Metromix in 2009 and replaced it with Brand X, a blog site and free weekly tabloid aimed at young, social networking users. Brand X debuted in March 2009; the tabloid stopped publication in June 2011, and the website was decommissioned the following month. Because of the European Union’s General Data Protection Regulation, the Times blocked access to its online version from most of Europe in May 2018.
Print and digital subscriptions are currently available. The print pricing varies depending on your location and how many days a week you would like the paper to be delivered. The digital subscriptions are available for $4 per week or $125 per year.
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