Austin Beutner was named publisher and chief executive officer of the newspaper. This comes a week after the Tribune Company spun-off its publishing group, including the Times, into its own entity. Beutner has a long reputation as a civic leader in the city. For more on the challenges Beutner will face, we turn to Ken Doctor of the Newsonomics blog.

LOS ANGELES, CA - JULY 10: Deflated balloons hang from a tree outside the entrance to the Los Angeles Times building after the Tribune Co. announced that it wants to split its broadcasting and publishing businesses into two companies on July 10, 2013 in Los Angeles, California. The new Tribune Publishing Co. would own the Los Angeles Times, the Chicago Tribune and six other daily papers. In addition the those newspapers, the Chicago-based Tribune currently owns 23 TV stations, including KTLA-TV, cable network WGN America. (Photo by David McNew/Getty Images)
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