• The Wrap, Wednesday, December 14, 2011 4:11 PM

Los Angeles Times editor Russ Stanton resigned before the latest round of personnel cuts at the paper would be announced -- a "sad tradition," according to a source in this story, which noted Stanton "is the fourth editor in a row – after John Carroll, Dean Baquet and James O’Shea – to leave amid demands for cuts."

Stanton, who took the editorial reins in 2009,  will be replaced after Dec. 23 by Davan Maharaj, managing editor for news since May 2008.

In other but related news, an L.A. Times paywall will be announced in the first quarter of the new year.

Read the whole story at The Wrap »