Tech Insider
Kevin Merida speaks at a Los Angeles Times podium
Kevin Merida is leaving the Los Angeles Times, yet another sign of the tough position newspapers are in — even ones with billionaire owners.

David Livingston/Getty Images

  • Another billionaire is having a hard time with his newspaper.
  • This time, it's Los Angeles Times owner Patrick Soon-Shiong, whose editor is leaving.
  • Jeff Bezos's Washington Post made big cuts — and Warren Buffett has given up on papers altogether.

It's not news that the newspaper industry is in trouble: It has been in trouble since at least the start of the internet era.

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Media, Newspapers, Media, patrick-soon-shiong, los-angeles-times, los-angeles, la, la-times, alden-global
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Los Angeles Times editor's departure shows that billionaires — still — have a h…