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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.
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The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
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