The Los Angeles Times

In Los Angeles, The Times is going through quite a rough patch. With people getting their news in so many new ways, they have lost readers and profits. Similar problems have beset papers in San Francisco and many cities across the country.
The Los Angeles Times was sold to Chicago based Tribune Company recently, and they have been throwing editors and reporters overboard to save the bottom line. As a publicly traded company, they are pressured by stockholders to operate at a twenty percent profit.
Their solution is to reduce reporters by covering local news more than international news. This is insulting to a newspaper with such a long standing international tradition. The new owners want to focus on "style" topics while pulling the paper's reporter out of Baghdad (The only U.S. news agencies that still have a permanent reporter in Baghdad are the New York Times, The Washington Post, National Public Radio, and the Los Angeles Times). Get ready for more"Interior Decorating" and less "War in Iraq."
There are several local wealthy individuals who want to buy the paper and preserve it's integrity. They are willing to operate at an eight percent profit. They don't need the money. Interested parties include Eli Broad, David Geffen, and members of the Chandler family who ran the paper successfully for decades.
For now Tribune is not selling. I hope they do.