NY Times names Levien CEO as Thompson steps down

A woman exits the New York Times Building in New York August 14, 2013. — Reuters pic
A woman exits the New York Times Building in New York August 14, 2013. — Reuters pic

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NEW YORK, July 22 — The New York Times today named Meredith Kopit Levien as its new president and chief executive, succeeding Mark Thompson, who held the job for eight years and led the daily’s digital transformation.

Kopit Levien, 49, has been chief operating officer since June 2017, a role in which she led the digital product efforts, according to the company.

She joined the Times in 2013 as head of advertising and also worked as executive vice president and chief revenue officer, responsible for both the subscription and advertising businesses.

“It’s the honor of a lifetime to lead The New York Times,” she said in a statement.

“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.”

She added that “at a time when the free press remains under pressure, The Times will continue to invest in and defend the high-quality, independent journalism on which our democracy depends.”

Kopit Levien takes over September 8 from Thompson, a former BBC director-general who has been shepherding the newspaper’s transition to digital and increasing revenues from subscriptions.

In its most recent quarterly update, the prestigious US daily said it added 587,000 new digital subscribers to reach five million. Including its print subscribers, the total is 5.8 million.

Thompson said, “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 — and because I know that in Meredith, I have an outstanding successor who is ready to lead the company on to its next chapter.” — AFP

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