New York Times: Chief executive leaves
The New York Times is looking for a new CEO. Janet Robinson, who has been at the helm of the media company behind the long-established newspaper since 2004, will give up the top job at the turn of the year.
Until a successor is found, publisher Arthur Sulzberger Jr. will take over the management himself, according to a statement to the SEC. Robinson will act as a consultant to the New York Times for one year and will receive 4.5 million dollars in return.
No details were given about the reasons for Robinson's departure. She herself wrote in an email to employees on Thursday that she was leaving with mixed feelings, as the New York Times reported in an article on its website. At the same time, referring to informed persons, it was stated there somewhat vaguely that Sulzberger had asked Robinson to a meeting last week and addressed the topic of a "different kind of leadership". No further details were given.
The 61-year-old Robinson was at "Time" for almost three decades. Under her leadership, the newspaper has consistently expanded its Internet offering in recent years and introduced an online payment gate a few months ago, which brought in even more paying customers than skeptics had expected. At the same time, the crisis in the American newspaper industry and the turbulence on the financial markets also left their mark. Among other things, the Group had to make severe cuts at the Boston Globe newspaper and at times had to borrow 250 million dollars from Mexican billionaire Carlos Slim. (SDA)
(Image: Nytimes.com)
