NY Times CEO exiting at year end – no explanation, no successor named. The explanation is she’s running a dying business and nobody’s figured out how to monetize “journalistic content” profitably yet. But don’t cry for her, Argentina, she’s floating to earth on one of those golden parachutes that the NYT would be blistering if some other company paid it out to a failed CEO – not to mention the Times’ occupado pals.
This post was last modified on January 26, 2021
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$4.5 million in pay to keep her on as a "consultant" for the next year? No wonder the rag is going broke if the executives are getting that kind of pay when sales are in the toilet.
That makes sense to me. Keeping her on as a consultant for a year. That is probably just the amount of time it will take to finish them off completely!
NYT's new slogan: "All the print news causing fits."
It is the GM of newspapers. It was once great. Now it is just a shell overtaken by a new and more nimble competitor(s).
The Reuters story makes a sorry attempt to spin the NYT problem on the internet. However, reading the comments to the Reuters story is quite entertaining. It would also be enlightening to the management of that rag if they would read them. But, I see the management plugging their ears and going "lalalalala". Good, all the sooner it will go all the way down the tubes.
Don't own a parakeet and don't need fire starter for my fireplace. What else would it be good for?
Yeah, and it leaves newsprint on my butt. I wrote to them, asking them to use softer paper and to use non-smearing inks. The library hasn't replied yet.