The 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.
First day's edition of the Illustrated Daily News, September 3, 1923, reporting on the Great Kantō earthquake in Japan
Vanderbilt in 1926
Story from the first edition, September 3, 1923
The Daily News building, as illustrated in its first issue, September 3, 1923
Cornelius Vanderbilt IV was a newspaper publisher, journalist, author, and military officer. He was an outcast of high society, and was disinherited by his parents when he became a newspaper publisher. He desired to live a "normal" life but was burdened by large debt and could not maintain the lifestyle associated with his family's social position to which he had become accustomed.
Vanderbilt in 1926