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The Daily News (originally the Illustrated Daily News) was a newspaper published in Los Angeles from 1923 to 1954. It was founded in 1923 by Cornelius Vanderbilt IV and bought by Manchester Boddy who operated it through most of its existence.
The Daily News was founded in 1923 by Vanderbilt as the first of several newspapers he wanted to manage. After quickly going into receivership, it was sold to Boddy, a businessman with no newspaper experience. Boddy was able to make the newspaper succeed, and it remained profitable through the 1930s and 1940s, taking a Democratic perspective at a time when most Los Angeles newspapers supported the Republican Party. (Full article...)