The media of Los Angeles are influential and include some of the most important production facilities in the world. As part of the "Creative Capital of the World", it is a major global center for media and entertainment. In addition to being the home of Hollywood, the center of the American motion picture industry, the Los Angeles area is the second largest media market in North America (after New York City). Many of the nation's media conglomerates either have their primary headquarters (like The Walt Disney Company) or their West Coast operations (like NBCUniversal) based in the region. Universal Music Group, one of the "Big Four" record labels, is also based in the Los Angeles area.
The major daily newspaper is the Los Angeles Times, while La Opinión is the city's major daily Spanish-language paper. The Hollywood Reporter and Variety are significant entertainment industry papers in Los Angeles. There are also a wide variety of smaller regional newspapers, alternative weeklies and magazines, including LA Weekly, Los Angeles magazine, the Los Angeles Business Journal, the Los Angeles Daily Journal, and the Los Angeles Downtown News. In addition to the English- and Spanish-language papers, numerous local periodicals serve immigrant communities in their native languages, including Korean, Persian, Russian and Japanese.
