Tycoon Larry Flynt has died Wednesday.
He died in Los Angeles Wednesday morning, according to TMZ. TMZ quoted family sources telling them about his death.
The Washington Post confirmed his death in a story reporting that his brother told the paper but did not specify a cause.
Flynt, 78, founded Hustler magazine in the 1970s.
Flynt is also well-known for his portrayal by actor Woody Harrelson in the 1996 movie "The People v. Larry Flynt" - a biographical look at Flynt's life.
This story is developing.
