They are both owned by the Tribune Co. LA Times has belonged to Tribune Co. since 2000 when their parent company Times Mirror Company merged with Tribune Co. in an $8.3 billion deal (Times Mirror also brought Newsday, Hartford Courant, and The Baltimore Sun in with the deal).
They also own...
Which, to be honest, I don't have a huge problem with, because most of those newspapers were going broke and wouldn't exist if Tribune Co. hadn't bought them up. Its called economies of scale. =oP
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