High Quality Content by WIKIPEDIA articles! The Times-Picayune is a daily newspaper published in New Orleans, Louisiana, USA. Its name, which is widely recognized among journalists nationwide, is an icon of life in New Orleans and its environs. Established as The Picayune in 1837, the paper's initial price was one picayune?a Spanish coin equivalent to 6 Ct. (1/16 $US). It became The Times-Picayune after merging with its rival paper, the New Orleans Times, in 1914. S.I. Newhouse bought The Times-Picayune and the other remaining New Orleans daily, the States-Item, in 1962, and merged the papers in 1980. The merged paper was called The Times-Picayune/The States-Item from 1980 to 1986. Specific community editions of the newspaper are also circulated and retain the Picayune name (e.g., Gretna Picayune for nearby Gretna). The paper is owned by Advance Publications, owned by the Newhouse family. In the vernacular of its circulation area the newspaper is often called the TP.