The Los Angeles Times is a daily newspaper in Los Angeles, California. It was founded in 1881 by Harrison Gray Otis and incorporated as a public corporation. Under Otis’s son-in-law, Harry Chandler, the paper became highly successful.
In 2018, biotech billionaire Patrick Soon-Shiong bought the Times and several Southern California newspapers from Tronc for $500 million. The company moved its headquarters to El Segundo, California.
The Times Building
Founded in 1881, the Los Angeles Times has been the dominant newspaper of Southern California for over a century. Originally called the Los Angeles Daily Times, it was bought by Harrison Gray Otis and quickly became successful. After Otis’ death, his son-in-law, Harry Chandler, took over and turned the paper into a model for journalism. The Chandler era also saw the emergence of Los Angeles as a major city.
The Times’ current headquarters are known as Times-Mirror Square and are a mix of five interconnected buildings that fill an entire city block. The complex is bounded by Spring, Broadway, and 1st and 2nd streets in the Civic Center district of Downtown Los Angeles. The Times’ current owner, Tronc, sold the property to the Canadian developer Onni Group in 2016, but the newspaper continued as a renter.
Onni plans to demolish some buildings and build high-rise residential towers, retail stores, and restaurants. The company has filed plans with the city for the project, which are currently under review. It is unclear when construction will begin, but the new complex could be completed in 2022 if approved.
During its heyday in the 1970s, the Times-Mirror Square complex employed more than 4,000 people and was the largest office building west of New York City. However, the rise of the internet and new media has eroded the Times’ circulation and influence. In the past, the newspaper focused on covering local events and promoting civic engagement, but recently its coverage has moved away from national and international headlines.
Although the Times is still based in downtown Los Angeles, its staff has a long commute to work every day. The newspaper has been exploring options outside of the Downtown area to reduce the strain on its employees.
If the move is successful, it will be easier for the staff to get to work and spend more time with their families. It will also mean that the publication can hire more staff. Moreover, the move will reduce traffic congestion around the newspaper’s office. In addition, the move will save the company money on energy costs and maintenance fees.
Times-Mirror Square
Until recently, the Los Angeles Times had its headquarters in downtown Los Angeles at a complex called “Times Mirror Square.” The five interconnected buildings that comprised the complex were located on a block bounded by Spring, Broadway, and 1st and 2nd streets. The Times sold the complex to real estate developer Onni Group in 2016 for $100 million. The developer plans to redevelop the site with two high-rise apartment towers and commercial space. The project has faced opposition from some preservationists, but the City Council has voted to certify an environmental report for the development.
The Times first moved to the imposing complex in 1948, acquiring the 10-story newspaper building designed by Rowland H. Crawford in the Art Deco and Modernist styles. Then in 1973, architect William L. Pereira added a six-story addition in the corporate international architectural style. During the 1970s, the company expanded into complementary media by purchasing cable systems and the magazine publishing business. By 1984, Times-Mirror had annual revenues of $2.8 billion and a workforce of some 60,000. The company also adopted a stylized logo with the silhouette of an eagle, which was featured on the cover of each newspaper issue.
In 2000, the Chandler family sold the Times-Mirror company to Tribune Media Company of Chicago. The move ended one of the last examples of a family-controlled prominent metropolitan daily newspaper in the United States. The new owner, John Carroll, sought to restore the paper’s prestige, but by 2005 he was unsatisfied with profits. The newspaper eventually lost its local identity, and the company’s stock fell from $25 to $5.
The Times has since consolidated its operations to El Segundo, now headquartered near the Los Angeles International Airport. Biotech billionaire Patrick Soon-Shiong is expected to complete his reported $500 million acquisition of the Times and other Southern California publications from Tronc Inc. later this month. He has announced that he will use the top floor of a new building at Times-Mirror Square for himself, and Times staffers will use the rest of the space.
El Segundo
El Segundo is a peaceful beach city with a lot to offer. It’s home to major aerospace companies, and downtown is an excellent place for lunch or shopping. It also has a lively hospitality sector with fifteen hotels and a great selection of restaurants, breweries, and bars. There are also many things to see and do in the city, from a restored wind-powered pipe organ to a beautiful beach.
El Segundo has a long history as an aviation hub. In 1928 William Mines leased land for the first flying field in California, and in 1930 Los Angeles Municipal Airport opened north of El Segundo. This led to the concentration of aviation-related firms in the city, and El Segundo became known as “The Aerospace Capital of the World.” Many of the world’s leading airlines, including Boeing and Raytheon, have facilities in the area. The city is also home to the Space and Missile Systems Center, which handles all space-related acquisitions for the military.
The city’s downtown has several restaurants, breweries, and bars. It also has a museum and two parks. The Downtown El Segundo Business Improvement District hosts various events and offers business support services. The downtown also has many shops and a library.
You can explore El Segundo’s culture and history by visiting the El Segundo Museum of Art. The museum describes itself as an art laboratory, hosting rotating exhibitions, community programs, and film festivals. The museum is free to attend.
There are plenty of things to do in El Segundo, from a beer garden and Mexican restaurants to art galleries and an outdoor movie theater. The quaint Downtown has a variety of shops, including Frocks & Rocks, Tyler Surfboards, and Natural Simplicity. There is also a coffee shop and a brewery.
The city has a lot to offer for sports fans. It is the only city in America with the headquarters and practice facilities for three professional sports teams – the LA Chargers, LA Lakers, and the LA Kings. Located across from LAX, the city’s tourism industry is booming.
The Times Website
The LA Times website is the online home of the Los Angeles newspaper. It offers breaking news and analysis, multimedia, community forums, and other features. The site is also available in multiple languages, including Spanish. The newspaper has a long history of informing and engaging readers in Los Angeles, California, and the U.S. The Times has been under local, private ownership since June 2018. The new owner, biotech billionaire Patrick Soon-Shiong, is bringing the newspaper into a period of expansion and experimentation that will honor its 140-year history while building on its journalistic excellence.
The Times was founded 1881 as a daily newspaper in downtown Los Angeles. It was bought by Harrison Gray Otis in 1882, and the paper quickly gained a national reputation for reporting the nation’s major issues. Its editorials were often critical of the administration of U.S. Presidents, and the paper became known as “the most democratic daily in America.”
During the 1960s, the newspaper experienced an era of growth that led to it becoming one of the world’s most significant newspapers. The newspaper’s fourth-generation publisher, Otis Chandler, focused on making the paper a balanced journalism model and increasing national coverage. The paper’s sportswriter, Jim Murray, won a Pulitzer in 1990.
In addition to the leading newspaper, The Times also produces several other editions. The Orange County edition is the most popular and competes with the Orange County Register and other local papers. The newspaper also produces the Sunday California Sunday Magazine, a supplement to its main paper.
The Times moved from its historic location in downtown Los Angeles to a facility in El Segundo in July 2018. The move will allow the paper to expand its digital offerings and increase its presence in Southern California. Its new home is a former US distribution printing plant with ample, column-free space. It is located at 2300 E. Imperial Highway and is close to the 105 freeway and the Los Angeles Metro Transportation Authority Green Line’s Aviation/LAX station. The new home will be used by the Times staff and the company’s other publishing operations.