On Wednesday, the publication New York Times named its newest leader.
Mark Thompson, the current CEO of the newspaper since 2012, steps down and will be replaced on Spetemb er 8 by, Meredith Kopit Levien. She will be the youngest to preside the publication since it began more than a century ago.
New York Times’ new era
The soon-to-be CEO of The New York Times stated: “It’s the honor of a lifetime to lead The New York Times. I see a big opportunity to expand journalism’s role in the lives of millions more people around the world, and to invest in product and technology innovation that engages our readers and grows our business.”
The New York Times named Meredith Kopit Levien, the news organization’s chief operating officer, as its next president and chief executive, making her the youngest person ever to lead its executive ranks https://t.co/aeJ32X4EMB
— The New York Times (@nytimes) July 22, 2020
Future of The Times
With her promotion, 49-year old Levien will be a part of the media organization’s board. As per New York Times publisher A.G. Sulzberger, it was a unanimous decision among board members to appoint Levien. The publisher released a statement saying the Levien was responsible for many of their publication’s accomplishments, ranging “from reimagining our advertising business to driving our historic subscription growth to fostering a culture of product innovation.”
When The Times interviewed her, Levien revealed that among her plans for the publication include continued investment in journalism, while also venturing into other non-news products. Currently, they have crossword apps and cooking apps with hundreds of thousand subscribers.
62 year-old Thompson will remain with the company as a director. His used to serve as director general on BBC. He shared why he is leaving the post, saying “I’ve chosen this moment to step down because we have achieved everything I set out to do when I joined The Times Company eight years ago.” Thompson also managed to reshape The New York Times into having a business model that is subscription-first.
Levien became a part of The Times seven years ago when she was assigned to oversee advertising. On 2015, she became chief revenue officer expanding her role to also manage the publication’s subscription business. Two years later, she assumed to her current position as COO. Previously, Levien has faced lawsuits alleging her of discrimination.