Paragraph about this subject. 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 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