New York Times makes Meredith Kopit Levien next CEO as online subscribers surge
Kopit Levien, now COO, will be the second female editor at the media outlet, which has seen its stock rise 42% so far in 2020
Boston/New York — New York Times has named Meredith Kopit Levien as its next CEO, trusting her to continue the digital success the newspaper has enjoyed under Mark Thompson.
Kopit Levien takes over the top job on September. 8. Thompson said in a statement that he chose this moment to step down “because we have achieved everything I set out to do when I joined the Times Company eight years ago”.
Bloomberg News reported in February that Kopit Levien, now the COO, was the front-runner to succeed Thompson.
Though US President Donald Trump needles the paper as “the failing New York Times”, Thompson and Kopit Levien have overseen a period of robust growth as the Times has emphasised digital products and subscription revenue, rather than relying on ad sales.
The paper added 587,000 online and mobile subscribers in the first quarter of 2020 alone, the most in its history. Times stock is up 42% this year, far outpacing the S&P 500 and such plummeting newspaper peers as Gannett and Tribune Publishing.
There has been recent turmoil in the Times newsroom. James Bennet, the opinion and editorial editor, who had been seen as a potential executive editor, left in June after an op-ed column by Senator Tom Cotton on using the military against protesters drew criticism inside and outside the paper. Bari Weiss, an opinion editor, quit this month after saying colleagues had harassed her over her political views.
Kopit Levien joined the Times in 2013 as head of advertising, rising to chief revenue officer in 2015 and COO in 2017. She previously worked for Forbes. Kopit Levien will be the second female CEO at the Times; Janet Robinson held the job for seven years before she was pushed out in 2011 after a difficult period for the paper’s performance.
Thompson joined the Times in 2012 after serving as director-general of the BBC.
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