Wikipedia article of the day for August 17, 2020

The Wikipedia article of the day for August 17, 2020 is Illustrated Daily News.
The Daily News was a newspaper published in Los Angeles from 1923 to 1954, founded by Cornelius Vanderbilt IV as the first of several papers he wanted to manage. After quickly 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 the 1950 election, 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.