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Posts Tagged ‘Arthur Sulzberger Jr’

Janet Robinson’s Total Severance: $15 Million

Despite not being eligible for her New York Times pension benefits for another two years, Janet Robinson got paid the full amount — about $10.9 million — as part of her severance package. That’s in addition to the $4.5 million “consulting fee” she’s getting paid next year.

According to Reuters, the latest rumor explaining why Robinson suddenly left the Times is that Arthur Sulzberger Jr. didn’t like how much she was putting herself in the spotlight lately; sources said that Sulzberger saw it as “an unwelcome power grab.”

Hopefully that’s not the real reason. One would think that Sulzberger is a little more confident in himself than to let something like that get in the way of what was a great business relationship. The Times was doing well under their collective guidance, it’d be a shame if that’s all it took to end it.

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New York Times Company CEO Janet Robinson Stepping Down

Breaking: The New York Times CEO and president Janet Robinson is stepping down from her post at the end of the month. The Times reports Robinson will be replaced on an interim basis by publisher Arthur Sulzberger Jr.

“It is with mixed emotions that I write to let you know that I am retiring from the New York Times Company,” Robinson told staffers in an email, The New York Times reports.  

Sulzberger will serve as chief executive, while Robinson, 61, will stay on with the Times as a paid consultant for one year.

The company said that it would begin an internal and external search to find a new chief executive.

Robinson joined The New York Times Company in 1983, becoming CEO in 2004.

Along with The New York Times, the company owns The Boston Globe and The International Herald Tribune.

Martin Nisenholtz Departs The New York Times After 16 Years

(Via paidContent)

Martin Nisenholtz, a New York Times Company veteran and digital media pioneer, is retiring at the end of this year. Media Decoder reports that in a memo announcing the newsArthur Sulzberger Jr. and Janet Robinson explained just how important to the paper Nisenholtz has been.

When he joined in 1995, the Times’ website “had zero web page views,” stated the note. “Indeed, we had zero web users. Further, we had no web revenue. Today thanks in large measure to Martin’s vision and leadership, our digital numbers are dramatically different.”

Moves are expected to be announced soon in order to restructure things after Nisenholtz leaves.

The New York Times Repays Debt to Carlos Slim

Maybe things aren’t so bad for The New York Times after all. Today the Times said it is repaying its $250 million debt to Carlos Slim, three and a half years early. Slim lent the money to the paper a few years ago when things were especially bleak for the Times.

According to memo from Janet L. Robinson and Arthur Sulzberger Jr., the paper was able to pay the debt back so quickly because of a series of moves (like selling most of its stake in the Boston Red Sox) that have given the Times new life:

Our ability to pay down this debt at this time is directly linked to the decisive steps we have taken to improve our financial flexibility over the past two years. We remain focused as we move to the next phases of our business plans and as the uncertain global economy and the ongoing volatility in our industry continue. But today we take pride in this moment.

Arthur Sulzberger Jr. Purchases Upper West Side Penthouse for $3.9 Million

Arthur Sulzberger Jr., Publisher of The New York Times, has purchased a three-bedroom penthouse on the corner of 71st and Broadway for $3.9 million. The building is called The Dorilton, and if you Google pictures of it, you’ll see why Sulzberger considered it a worthy place to live.

The New York Observer has some more details:

The pinched penthouse has a modern feel with an unusual 25-foot pyramidal skylight that lights up at night and has more of a David Pogue feel to it. There is also a huge terrace almost as big as the six-room spread.

The moral of the story is that if you’re rich, you get to live in castles.

Why did Bill Keller Resign as The New York Times’ Editor?

The announcement today that Bill Keller would be replaced by Jill Abramson as Executive Editor at the New York Times was something of a bombshell. Keller, it seems, has been achieving a higher and higher profile lately with his columns for the Times. So what’s the story behind this? The official statement is that Keller stepped down, and his boss Arthur Sulzberger Jr., the paper’s publisher, accepted his resignation “with mixed emotions.” But is there more to it than that?

Hamilton Nolan at Gawker speculated:

The official word is that this was completely Keller’s decision, and “with a formidable combination in place to succeed him, he felt it was a good time to step aside.” Fine. Could be the truth, and that’s it. Then again, could be more to it. The NYT may very well have another round of newsroom cuts coming down the road—declining print ad revenue will not be replaced by online ad revenue (or paywall revenue), so eventual cutbacks are inevitable. Keller’s already presided over one major round of newsroom layoffs. Maybe he just didn’t want the heartache of doing another

Another question is: how long has Keller wanted to leave? In a recent Esquire interview with Keller, it seems that he may have thought he would be working the job for much longer.

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Bill Keller Steps Down as New York Times Editor

Bill Keller is stepping down as Executive Editor of the New York Times to become a full-time writer for the paper. He will be replaced by Jill Abramson, who has been managing editor since 2003. Abramson will be the first woman to be editor in the paper’s 160-year history.

Dean Baquet, the Washington bureau chief, will become the new managing editor. The Times reports that:

Mr. Keller, who ran the newsroom during eight years of great journalistic distinction but also declining revenue and cutbacks throughout the industry, said that with a formidable combination in place to succeed him, he felt it was a good time to step aside…

As for Mr. Keller’s plans, he said he was still working out the details of a column he will write for the paper’s new Sunday opinion section, which will be introduced later this month. He did rule one project out. “I won’t be writing a book about The New York Times,” he said.

Arthur Sulzberger Jr., the paper’s publisher, said he accepted Mr. Keller’s resignation “with mixed emotions.”

The New York Times’ ‘Week in Review’ Inches Closer to Relaunch

If you’re curious about what the revamped “Week in Review” section will look like for The New York Times when it gets an overhaul, today The Huffington Post offers up some information.

The relaunch is supposedly planned for next month, and a couple of the changes include a possible name change to “Sunday Review,” and more space for columnists. There’s also some juicy gossip mixed in with this news:

Times watchers see the new section as an opportunity for [Andy] Rosenthal to assume a bigger role within the paper. Rosenthal, a favorite of Times publisher Arthur Sulzberger Jr., is on the shortlist – along with managing editor Jill Abramson and Washington bureau chief Dean Baquet – to succeed executive editor Bill Keller when he hits mandatory retirement age in about three years.

We should have titled this post “A Power Play on Sunday.”

Arthur Sulzberger Jr.: The New York Times Is Not Sinking

As Adweek points out, a question and answer session doesn’t always bring out the best in us. Such was the case during The New York Times’ annual meeting, which began with Arthur Sulzberger Jr. talking about how great the company was doing, and ended with this amusing moment:

Perhaps most pressing was this question: Is the New York Times literally sinking? A concerned shareholder inquired about the New York Times’ printing plant, built in College Point, Queens, on what, in the questioner’s view, amounted to ‘a swamp,’ asking, ‘Has the building sunk at all?’ After much laughter, executives confirmed that the Times has not sunk. Not yet.

We think answering that question stung a little more than the typical weird questions that the Times’ officials have to answer.

Did NYT Make A Mistake By Pairing With Apple On iPad App?

Web entrepreneur Jason Calacanis has a message to send to New York Times publisher Arthur Sulzberger Jr. (and any other newspaper publisher who sells content through Apple’s App Store): you’re making a huge mistake.

Over the weekend, Calacanis sounded off on the Times iPad app and the future of journalism on his vid-cast This Week in Startups, sending a message to Sulzberger himself:

“If you are a publisher of a newspaper, magazine, or book, and you sell your products through the App Store, you are a fool…As a newspaper… your business is predicated having a relationship with the reader. That reader gives you their credit card number, their address, and their name…. When somebody buys something through the App Store, you get nothing.”

Plus, you give Steve Jobs a cut of your revenue, Calacanis added. The solution? Only provide your content through the mobile Web browser.

Other publishers take note — the Times may already be dealing with Apple, but you can still save yourself. And get a leg up on the Gray Lady, too.

Read more: Calacanis To Sulzberger: If You Sell The Times Through The Apple App Store ‘You Are An Idiot’ –BayNewser

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