Billionaires who acquired news outlets like Time, The Washington Post, and The Los Angeles Times to resuscitate the industry are facing significant financial losses. Despite hopes of leveraging their business expertise, Jeff Bezos, Marc Benioff, and Dr. Patrick Soon-Shiong find themselves struggling to turn a profit in the digital era. The Los Angeles Times, in particular, is rumored to be on track to lose tens of millions, leading to concerns about layoffs. Similar challenges are seen at The Washington Post and Time, prompting cost-cutting measures. Although some billionaire-owned publications like The Boston Globe and The Atlantic have achieved profitability, the overall situation remains challenging, with declining web traffic and new competitors exacerbating the struggle. We are witnessing the complex reality of billionaires' involvement in the news industry, with their financial resources proving insufficient to secure long-term success.