The New York Times board approved A.G. Sulzberger’s appointment as publisher of the paper. He was also elected to the board and will fill the seat being vacated by Michael Golden, who is stepping down on Dec. 31. Sulzberger is replacing his father, Arthur O. Sulzberger, Jr., as publisher. Before joining the Times’s metro desk in 2009, A.G. worked as a reporter for the Providence Journal and the Oregonian. He is credited with being one of the architects of the Times’s digital transformation and was the principal author of the 2014 Innovation Report, which focused on growing and engaging the Times's digital audience. He was named deputy publisher last year. “Over his career, and in particular during this past year as deputy publisher, A.G. has displayed superb leadership skills. He asks smart questions, he challenges, he exercises excellent judgment and he makes things happen,” said Robert E. Denham, the presiding director of The Times Company board of directors.
Refinery29, a digital and media entertainment company targeted at women, is cutting 34 staff positions—about 7.5% of its employees—according to Business Insider. The company's revenue has grown this year, but like many in the space, it has pushed for audience growth outside of its core fashion and lifestyle content. “We are not immune to the challenges and tough decisions that come with adapting to this turbulent moment in time, despite our growth and momentum,” co-CEOs Philippe von Borries and Justin Stefano said in a memo issued to Refinery29 staff. “In this particular moment that means tightening our belt in order to invest in the future.”
Time Inc. has reportedly reached an agreement to sell off Golf Magazine and its related assets to Emigrant Savings Bank chairman Howard Milstein. While the deal was reported by Golfweek senior writer Geoff Shackelford, who cited “sources briefed on the sale,” Time Inc. has not confirmed the transaction. The company sold Sunset magazine to L.A.-based private equity firm Regent L.P., last month., as it began the process of shedding several “non-core” titles in anticipation of its takeover by Meredith Corp. early in 2018. Essence and Coastal Living are also being shopped around.