LOS ANGELES, Calif. — City Councilman Eric Garcetti emerged victorious today in the race to become the next mayor of Los Angeles, ending a nearly two-year campaign that saw record-breaking spending and was punctuated by a spate of attack ads in the waning weeks of the race.

With 100 percent of precincts reporting, Garcetti had 54 percent of the vote, compared to 46 percent for City Controller Wendy Greuel.

Sports media giant ESPN gave some of its 7,000 employees pink slips on Tuesday, the network said in a statement.

The Bristol, Connecticut-based company said it was looking at the financial bottom line.

“We are implementing changes across the company to enhance our continued growth while smartly managing costs. While difficult, we are confident that it will make us more competitive, innovative and productive,” the statement said.