[3] Based in the Greater Los Angeles city of El Segundo since 2018,[4] it is the sixth-largest newspaper in the nation and the largest in the Western United States with a print circulation of 118,760.In January 2024, the paper underwent its largest percentage reduction in headcount—amounting to a layoff of over 20%, including senior staff editorial positions—in an effort to stem the tide of financial losses and maintain enough cash to be viably operational through the end of the year in a struggle for survival and relevance as a regional newspaper of diminished status.[19] Historian Kevin Starr wrote that Otis was a businessman "capable of manipulating the entire apparatus of politics and public opinion for his own enrichment".Harry Chandler, then the president and general manager of Times-Mirror Co., declared the Los Angeles Times Building a "monument to the progress of our city and Southern California".Otis Chandler sought legitimacy and recognition for his family's paper, often forgotten in the power centers of the Northeastern United States due to its geographic and cultural distance.The Los Angeles Times was beset in the first decade of the 21st century by changes in ownership, a bankruptcy, a rapid succession of editors, reductions in staff, decreases in paid circulation, the need to increase its Web presence, and a series of controversies.[33] On February 7, 2018, Tribune Publishing, formerly Tronc Inc., agreed to sell the Los Angeles Times and its two other Southern California newspapers, The San Diego Union-Tribune and Hoy, to billionaire biotech investor Patrick Soon-Shiong.[39] During his reign at the Times, he eliminated more than 200 jobs, but despite an operating profit margin of 20 percent, the Tribune executives were unsatisfied with returns, and by 2005 Carroll had left the newspaper.[49] Nancy Cleeland,[50] who took O'Shea's buyout offer, did so because of "frustration with the paper's coverage of working people and organized labor"[51] (the beat that earned her Pulitzer).Merida was then a senior vice president at ESPN and headed The Undefeated, a site focused on sports, race, and culture; he had previously been the first Black managing editor at The Washington Post.[53] The Los Angeles Times Olympic Boulevard printing press was not purchased by Soon-Shiong and was kept by Tribune; in 2016 it was sold to developers who planned to build sound stages on the site.[25] Willes, the former president of General Mills, was criticized for his lack of understanding of the newspaper business, and was derisively referred to by reporters and editors as The Cereal Killer.[72] The report, which condemned the Times as a "web-stupid" organization,[72] was followed by a shakeup in management of the paper's website,[73] and a rebuke of print staffers who were described as treating "change as a threat.[76] In 2009, the Times shut down Metromix and replaced it with Brand X, a blog site and free weekly tabloid targeting young, social networking readers.The magazine's editors and writers were not informed of the agreement, which breached the Chinese wall that traditionally has separated advertising from journalistic functions at American newspapers.[82] In 2003, the Times drew fire for a last-minute story before the California recall election alleging that gubernatorial candidate Arnold Schwarzenegger groped scores of women during his movie career.[87] Following the Republican Party's defeat in the 2006 mid-term elections, an Opinion piece by Joshua Muravchik, a leading neoconservative and a resident scholar at the conservative American Enterprise Institute, published on November 19, 2006, was titled 'Bomb Iran'.[88] On March 22, 2007, editorial page editor Andrés Martinez resigned following an alleged scandal centering on his girlfriend's professional relationship with a Hollywood producer who had been asked to guest-edit a section in the newspaper.As a sign of condemnation and solidarity, a number of major publications and writers, including The New York Times, Boston Globe critic Ty Burr, Washington Post blogger Alyssa Rosenberg, and the websites The A.V.On November 7, 2017, Disney reversed its decision, stating that the company "had productive discussions with the newly installed leadership at the Los Angeles Times regarding our specific concerns".[98] Following the election, Soon-Shiong stated that he plans to add an AI-powered "bias meter" to all of the paper's articles allowing readers to access "both sides" of stories.In December 1903, newspaper magnate William Randolph Hearst began publishing the Los Angeles Examiner as a direct morning competitor to the Times.The combined paper, the Mirror-News, ceased publication in 1962, when the Hearst afternoon Herald-Express and the morning Los Angeles Examiner merged to become the Herald-Examiner.At first, it was called the "Trade Number", and in 1886 it featured a special press run of "extra scope and proportions"; that is, "a twenty-four-page paper, and we hope to make it the finest exponent of this [Southern California] country that ever existed.[118] The Midwinter Number drew acclamations from other newspapers, including this one from The Kansas City Star in 1923: It is made up of five magazines with a total of 240 pages – the maximum size possible under the postal regulations.Plowman acquired the South Pasadena Review and San Marino Tribune in late January 2020 from the Salter family, who owned and operated these two community weeklies.Lopez wrote a five-part series on the civic and humanitarian disgrace of Los Angeles' Skid Row, which became the focus of a 2009 motion picture, The Soloist.The magazine focused on stories and photos of people, places, style, and other cultural affairs occurring in Los Angeles and its surrounding cities and communities.The Times Mirror Corporation has also owned a number of book publishers over the years, including New American Library, C.V. Mosby, Harry N. Abrams, Matthew Bender, and Jeppesen.[145] The Federal Communications Commission granted an exemption of its cross-ownership policy and allowed Times-Mirror to retain the newspaper and the television outlet, which was renamed KDFW-TV.