Wikipedia talk:Featured article candidates/Illustrated Daily News/archive1

The Los Angeles Daily News was a newspaper published from 1923 to 1954, founded by the young Cornelius Vanderbilt IV as the first of several papers he wanted to manage. After going into receivership, it was sold to Manchester Boddy, a local businessman. Boddy was able to make the newspaper succeed, and it remained profitable through the 1930s and 1940s, taking a mainstream Democratic perspective at a time when most Los Angeles newspapers supported the Republican Party. The newspaper began a steep decline in the late 1940s, continuing into the early 1950s. In 1950, Boddy ran in both the Democratic and Republican primaries for the United States Senate. He finished a distant second in each, and lost interest in the newspaper. He sold his stake in the paper in 1952 and publication ceased in December 1954. The business was sold to the Chandler family, who merged it with their publication, the Los Angeles Mirror, firing all Daily News employees without severance pay.