"Los Angeles Times Executive Editor Kevin Merida Resigns Amid Challenges"
Los Angeles Times owner Patrick Soon-Shiong is facing challenges as the newspaper continues to lose money, prompting the departure of its top editor and potential cost-cutting measures. This reflects a broader trend of billionaire owners struggling to sustain newspapers in the digital age, as seen with Jeff Bezos's Washington Post and Warren Buffett's divestment from newspapers. The future of newspapers may lie in nonprofit models like The Texas Tribune, as traditional ownership struggles to keep the industry afloat.