The right-leaning billionaire owner's attempts to remake the L.A. Times have reportedly lost the paper millions in

[not fooled]

9. Otis Chandler's legacy trashed.

https://en.wikipedia.org/wiki/Otis_Chandler]

In 1960, he became publisher of the Los Angeles Times. He quickly increased the budget of the paper, allowing it to expand its coverage. This coincided with the shift of the paper's editorial stance from overtly conservative to independent. Under Otis Chandler, The Times became a critically lauded newspaper.

When Chandler took the job, the paper had only two outside offices. During his tenure it would expand to 34 foreign and domestic bureaus.[1]

In 1966 Chandler received the Elijah Parish Lovejoy Award as well as an honorary Doctor of Laws degree from Colby College. Chandler retired as publisher in 1980 at the age of 52 to become chairman of Times Mirror, reducing his involvement in the day-to-day operations of the company. The decision stunned the staff and outside observers, many of whom expected him to serve much longer.[1]

In 1986, Chandler won the Walter Cronkite Award for Excellence in Journalism to honor his years of service to the newspaper.[3]

From a giant to a midget running the paper.