Once upon a time there were four daily newspapers in Los Angeles. The Examiner, Herald Examiner, Mirror, and Times. Today the Times is the remaining paper and It is not doing well. The circulation The Times reported daily circulation in October 2010 was 600,449,[48] down from a peak of 1,225,189 daily and 1,514,096 Sunday in April 1990. Today the daily circulation is reported at 142,382.
The Southern California News Group, owner of the San Fernando Valley Los Angeles Daily News was created when the Los Angeles News Group (owners of nine local daily newspapers and websites) and its parent company Media News Group (MNG) acquired Freedom Communications (owners of the Orange County Register and Riverside Press-Enterprise). All this was an effort at surviving the shrinking subscriber base. For now that effort has been a success.
The Los Angeles Times is not alone in the decline of its circulation. Every web site paints a picture of declining newspaper revenue throughout the country. The Philadelphia Inquirer had a daily circulation of 648,000 in 1968 but today it is down to 101,000. Not being able to sustain a profit it is now owned by a non-profit organization in Philadelphia.
It appears that the Washington Post and the New York Times are both continuing to thrive. That says that if you are big enough you can survive. So it appears that local newspapers will be part of the past.
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