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  • The major daily newspaper in the area is the Los Angeles Times; La Opinión is the city's major Spanish-language paper. Investor's Business Daily is distributed from its L.A. corporate offices, which are headquartered in Playa Del Rey. There are also a number of smaller regional newspapers, alternative weeklies and magazines, including the Daily News (which focuses coverage on the San Fernando Valley), LA Weekly, Los Angeles CityBeat, L.A. Record (which focuses coverage on the music scene in the Greater Los Angeles Area), Los Angeles magazine, Los Angeles Business Journal, Los Angeles Daily Journal (legal industry paper), The Hollywood Reporter and Variety (entertainment industry papers), and Los Angeles Downtown News. In addition to the English- and Spanish-language papers, numerous local periodicals serve immigrant communities in their native languages, including Armenian, Korean, Persian, Russian, Chinese and Japanese. Many cities adjacent to Los Angeles also have their own daily newspapers whose coverage and availability overlaps into certain Los Angeles neighborhoods. Examples include The Daily Breeze (serving the South Bay), and The Long Beach Press-Telegram.
  • Los Angeles and New York City are the only two media markets to have all seven VHF allocations possible assigned to them.
  • The city has major broadcast channels as well as three PBS stations. World TV operates on two channels and the area has several Spanish-language television networks. KTBN 40 is the flagship station of the religious Trinity Broadcasting Network, based out of Santa Ana. A variety of independent television stations also operate in the area.
  • The economy of Los Angeles is driven by international trade, entertainment (television, motion pictures, video games, recorded music), aerospace, technology, petroleum, fashion, apparel, and tourism. Los Angeles is also the largest manufacturing center in the western United States. The contiguous ports of Los Angeles and Long Beach together comprise the fifth-busiest port in the world and the most significant port in the Western Hemisphere and is vital to trade within the Pacific Rim. Other significant industries include media production, finance, telecommunications, law, healthcare, and transportation. The Los Angeles-Long Beach-Riverside combined statistical area (CSA) has a gross metropolitan product (GMP) of $831 billion (as of 2008), making it the third largest economic center in the world, after the Greater Tokyo Area and the New York-Newark-Bridgeport CSA. If counted as a country, the surrounding CSA has the 15 largest economy in the world in terms of nominal GDP. Los Angeles has been classified an "Alpha(-) world city" according to a 2008 study by a research group at Loughborough University in England.
  • Until the mid-1990s, Los Angeles was home to many major financial institutions in the western United States. Mergers meant reporting to headquarters in other cities. For instance, First Interstate Bancorp merged with Wells Fargo in 1996, Great Western Bank merged with Washington Mutual in 1998, and Security Pacific Bank merged with Bank of America in 1992. Los Angeles was also home to the Pacific Exchange, until it closed in 2001.
  • The city is home to seven Fortune 500 companies. They are aerospace contractor Northrop Grumman, energy company Occidental Petroleum, healthcare provider Health Net, metals distributor Reliance Steel & Aluminum, engineering firm AECOM, real estate group CB Richard Ellis and builder Tutor Perini.
  • Other companies headquartered in Los Angeles include California Pizza Kitchen, Capital Group, Capstone Turbine, Cathay Bank, City National Bank, The Coffee Bean & Tea Leaf, DeviantArt, Far East National Bank, Farmers Insurance Group, Fox Entertainment Group, Gibson, Dunn & Crutcher, Guess?, Hanmi Bank, Herbalife, J2 Global Communications, The Jim Henson Company, KB Home, Korn/Ferry, Latham & Watkins, Mercury Insurance Group, Oaktree Capital Management, O’Melveny & Myers; Paul, Hastings, Janofsky & Walker, Premier America, Premiere Radio Networks, Rentech, Roll International, Sunkist, The TCW Group, Tokyopop, Triton Media Group, United Online, and VCA Antech.
  • The metropolitan area contains the headquarters of companies who moved outside of the city to escape its taxes but keep the benefits of proximity. For example, Los Angeles charges a gross receipts tax based on a percentage of business revenue, while many neighboring cities charge only small flat fees.
  • The University of Southern California (USC) is the city's largest private sector employer and contributes $4 billion annually to the local economy.
  • The United States Postal Service operates post offices in Los Angeles, the main one of which is located at 7001 South Central Avenue.
  • According to the city's 2010 Comprehensive Annual Financial Report, the top ten employers in the city are the City of Los Angeles, the County of Los Angeles, University of Southern California, Kaiser Permanente, Cedars-Sinai Medical Center, University of California, Los Angeles, Farmers Insurance Group, TeamOne, Fox Entertainment Group, and American International Group.
  • The Port of Los Angeles is located in San Pedro Bay in the San Pedro neighborhood, approximately 20 miles (32 km) south of Downtown. Also called Los Angeles Harbor and WORLDPORT LA, the port complex occupies 7,500 acres (30 km) of land and water along 43 miles (69 km) of waterfront. It adjoins the separate Port of Long Beach.
  • The sea ports of the Port of Los Angeles and Port of Long Beach together make up the Los Angeles/Long Beach Harbor. Both ports is the 5th busiest container port in the World, with a trade volume of over 14.2 million TEU's in 2008. Singly, the Port of Los Angeles is the busiest container port in the United States and the largest cruise ship center on the West Coast of the United States – Port's World Cruise Center serves about 800,000 passengers in 2009.
  • There are also smaller, non-industrial harbors along LA's coastline. Safety is provided at the only beach controlled by Los Angeles City by the highly trained Los Angeles City Lifeguards.
  • The port includes four bridges: the Vincent Thomas Bridge, Henry Ford Bridge, Gerald Desmond Bridge, and Commodore Schuyler F. Heim Bridge.
  • Passenger ferry service from San Pedro to the city of Avalon on Santa Catalina Island is provided by Catalina Express.
  • Los Angeles has a Subtropical-Mediterranean climate (Köppen climate classification Csb on the coast, Csa inland), and receives just enough annual precipitation to avoid Köppen's BSh (semi-arid climate) classification. Los Angeles enjoys plenty of sunshine throughout the year, with an average of only 35 days with measurable precipitation annually.
  • The Los Angeles area is also subject to phenomena typical of a microclimate. As such, the temperatures can vary as much as 36 °F (20 °C) between inland areas and the coast. California also has a weather phenomenon called "June Gloom or May Grey", which sometimes gives overcast or foggy skies in the morning at the coast, but usually gives sunny skies by noon, during late spring and early summer.
  • Downtown Los Angeles averages 15.14 inches (384.6 mm) of precipitation annually, which mainly occurs during the winter and spring (November through April) with generally moderate rain showers, but usually as heavy rainfall and thunderstorms during Winter storms. The coast gets slightly less rainfall, while the mountains get slightly more. However the San Fernando Valley Region of Los Angeles can get between 16 and 20 inches of rain per year. Years of average rainfall are rare; the usual pattern is bimodal, with a short string of dry years (perhaps 7–8 inches/180–200 millimetres) followed by one or two wet years that make up the average. Snowfall is extremely rare in the city basin, but the mountains within city limits typically receive snowfall every winter. The greatest snowfall recorded in downtown Los Angeles was 2 inches (5 cm) in 1932. The highest recorded temperature in downtown Los Angeles is 113 °F (45 °C) on September 27, 2010 and the lowest recorded temperature is 24 °F (−4 °C) on December 22, 1944.
  • Los Angeles Unified School District serves almost all of the city of Los Angeles, as well as several surrounding communities, with a student population over 800,000. After Proposition 13 was approved in 1978, urban school districts had considerable trouble with funding. LAUSD has become known for its underfunded, overcrowded and poorly maintained campuses, although its 162 Magnet schools help compete with local private schools. Several small sections of Los Angeles are in the Las Virgenes Unified School District. Los Angeles County Office of Education operates the Los Angeles County High School for the Arts. The Los Angeles Public Library system operates 72 public libraries in the city. Enclaves of unincorporated areas are served by the County of Los Angeles Public Library, many are within walking distance to City of Los Angeles residents.
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