According to their website, "LA Weekly has been the premier source for award-winning coverage of Los Angeles music, arts, film, theater, culture, concerts, [and] events." The LA Weekly also recognizes outstanding small theatre productions (99 seats or less) in Los Angeles, with their annual LA Weekly Theater Awards, established in 1979.
A major source of financial support for the LA Weekly, as for many alternative weeklies, is advertising by "adult" services, such as phone sex providers, escort services and other sex workers, and strip clubs.
Some of its most famous writers are Pulitzer Prize-winning food writer Jonathan Gold, classical music writer Alan Rich, and Nikki Finke, who covers the entertainment industry. It is also known for well-written film criticism: The New York Times' Manohla Dargis was the film editor at the Weekly before she moved first to the The Los Angeles Times and then The New York Times; while the Weekly retains articulate critics such as Ella Taylor. On November 19, 1992, it ran the cover story by Keith Fitzgerald entitled "Death Takes a Meeting."
In the Los Angeles market, LA Weekly competes against LA Metromix (a weekly newspaper published by the daily newspaper the Los Angeles Times and is produced by a crew that includes former LA Weekly staffers) and LA CityBeat, a smaller alternative weekly newspaper owned by Southland Publishing, which also owns the Pasadena Weekly (helmed by veteran LA-area newsman Kevin Uhrich). LA Weekly remains a dominant force in the Los Angeles media market.
Starting in 2006, LA Weekly has hosted the LA Weekly Detour Music Festival every October. The entire block surrounding Los Angeles City Hall is closed off to accommodate the festival's three stages. The Detour Festival has been confirmed to return in 2008, but the lineup has yet to be announced. Attendance in 2007, was widely reported to be substantially less than it was in 2006.