New York Times on the Look Out for Arthur Sulzberger’s Successor
The process of looking for a suitable successor for New York Times Co. chairman and publisher's post has already started. Arthur Sulzberger Jr., said that The Times plans to name its new deputy publisher in the coming couple of years who would finally take up his role.
On Monday, Sulzberger, 64 said, "I've been in my role as publisher for more than 20 years and I've hit my mid-sixties, so it should come as no surprise that the task of choosing my successor has begun. Within two years we intend to name a deputy publisher."
Whoever takes over the role of Sulzberger would also have to handle a company which is still making an effort to build a sustainable online business with the popularity of online news growing rapidly. That is surely becoming a major reason for decline in revenue for print advertising.
Last month, the third-quarter profit reported by the Times Co. surpassed analysts' forecast following the publisher's biggest ever boost in number of digital subscribers in about three years.
This month, the Times chalked out a plan that is aimed at doubling its digital revenue by 2020 to $800 million. The focus is on increasing the paid online reader numbers and attracting greater number of young and international subscribers.
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