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| Mark Thompson |
Mark Thompson, 62, is stepping down as CEO and board member at the New York Times Co. on Sept. 8, saying he has accomplished everything that he set out to do when he joined the paper in 2012 from the British Broadcasting Corp.
Meredith Kopit Levien, COO and one-time head of advertising, will succeed Thompson.
Publisher A.G. Sulzberger credited Thompson for providing the leadership and strategic oversight in guiding the digital transformation of the NYT, which now has more than 6M subscribers.
He called Kopit Levien, 49, the perfect leader to drive the next phase of growth and transformation at the Times. “She has successfully led much of our company’s most important work—from reimagining our advertising business to driving our historic subscription growth to fostering a culture of product innovation,” said Sulzberger.
Kopit Levien was publisher of Forbes before she joined the Times in 2013 as advertising chief. She was upped to executive VP and CRO, responsible for ad and subscription revenue, in 2015 and COO in 2017.
Trump Media and Technology Group Corp. has replaced CEO and former California Congressman Devin Nunes with Kevin McGurn, a seasoned media sales executive.
The Pittsburgh Post-Gazette is being bought by the Venetoulis Institute for Local Journalism, a nonprofit that is the parent organization of the Baltimore Banner... The British Broadcasting Corporation is axing approximately 2,000 jobs, about 10 percent of its work force... Snap, the company behind Snapchat, is also succumbing to layoff fever, announcing plans to lay off 16 percent of its employees, about 1,000 people.
CBS News Radio will go off the air on May 22, part of the axe-swinging managerial plan put into play by CBS editor-in-chief Bari Weiss... The Economist, which was first published in 1843, is changing hands. Canadian billionaire Stephen Smith has agreed to acquire a 26.9 percent stake in the publication from Lady Lynn Forester de Rothschild, her family and family foundation... Nexstar Media Group says it has closed its acquisition of TEGNA, the broadcast, digital media and marketing services company that was formed in 2015, when the Gannett Company split into two publicly traded companies.
USA TODAY brings on Jamie Stockwell as VP of news, effective March 30. Stockwell was most recently deputy managing editor of news for the Washington Post... YouTube expands its likeness detection capabilities to a pilot group of government officials, journalists and political candidates... The AP Fund for Journalism adds 50 news organizations to its local news program, bringing the total number of participating newsrooms to 100. 
Versant Media Group, the NBCUniversal cable TV spin-off, today reported its first financial results as 2025 revenues dipped 5.3 percent to $6.7B and standalone EBITDA dropped 9.1 percent to $2.2B.
