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The Nome Nugget
Nome, Nome County, Alaska
What is this article about?
Los Angeles Daily News suspends publication due to financial issues, leaving 450 workers jobless; assets sold to Times-Mirror Co., reducing local papers from five to four. It was the city's only Democratic newspaper.
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LOS ANGELES (AP)--Approximately 450 Los Angeles newspaper workers were looking for new jobs today after suspension of publication by the Daily News, a morning paper.
Operations at the Daily News Building came to a halt Saturday with the announcement by Publisher Clinton D. McKinnon that the paper, undergoing financial difficulties, has sold its name, goodwill, circulation lists and features to the Times-Mirror Co., which publishes the morning Times and afternoon Mirror.
The suspension of the Daily News reduces the number of metropolitan papers in Los Angeles from five to four. The Daily News was the only Democratic newspaper in this field.
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Where did it happen?
Domestic News Details
Primary Location
Los Angeles
Event Date
Saturday
Key Persons
Outcome
approximately 450 workers jobless; paper sold name, goodwill, circulation lists and features to times-mirror co.; reduces metropolitan papers from five to four
Event Details
Operations at the Daily News Building came to a halt Saturday with the announcement by Publisher Clinton D. McKinnon that the paper, undergoing financial difficulties, has sold its assets to the Times-Mirror Co., which publishes the morning Times and afternoon Mirror. The Daily News was the only Democratic newspaper in this field.