Newsday’s publisher for the past five years, Tim Knight, resigned today, a move that comes about 15 months after the Dolan family’s Cablevision bought the paper for $650 million from Sam Zell’s Tribune Company.
An announcement of the decision was sent out to Newsday staffers this afternoon in the form of a memo from Cablevision president for local media Tad Smith and a letter from Mr. Knight.
Neither offered much elaboration on why he resigned, with Mr. Knight simply writing:
“Now is the right time to let others move our business forward. I have decided to resign as Publisher.”
Terry Jimenez, publisher of Cablevision-owned amNewYork, was named Acting Publisher of Newsday.
Both letters are below:
September 23, 2009
Dear fellow Newsday employee,
For the last five years, it has been my privilege to serve as Publisher of Newsday. Together, we have achieved many great successes while also being faced with a variety of challenges—some specific to Newsday but most facing the media industry in general.
I am proud, as a team, we successfully addressed the circulation misstatements and, in the process, strengthened relationships with our advertisers as well as created a stronger circulation department. We undertook a number of changes to the paper to better focus our resources on providing Long Islanders with unique and valuable local news and information. A recent effort by the newsroom to expose the abuse surrounding the state pension system resulted in widespread changes to better protect taxpayers. And, importantly, we recently re-launched newsday.com, which will allow us to better provide our subscribers with a unique and valuable multimedia web experience. These are but a few examples of what we, as an organization, have accomplished over the last five years.
Now is the right time to let others move our business forward. I have decided to resign as Publisher. Terry Jimenez has been appointed Acting Publisher. He is a strong leader who has a deep understanding of how our business operates and will identify areas of opportunity that leverage our relationship with different parts of Cablevision. In addition, Terry’s success as Publisher of amNewYork provides him with the breadth of experience to lead Newsday at this time. As a friend and colleague, I have no doubt that Newsday will continue to prosper under Terry’s leadership. I will remain with Newsday until November 1 to assist Terry in the transition.
I want to express my sincere thanks to each of you for your hard work, creativity and perseverance. It has been a tremendous honor to lead Newsday. I feel very fortunate to have known and worked with so many talented, dedicated people while at Newsday. I am grateful for your support and contributions to the company. I wish you every success.
I wish Terry and each of you all the best as Newsday moves forward into a new and exciting chapter of its history.
TO: Newsday Employees
FROM: Tad Smith
DATE: September 23, 2009
I ask you all to join me in wishing Newsday Media Group’s CEO and Publisher Tim Knight every success as he enters the next stage in his professional life, following his resignation.
Tim’s tenure at Newsday began when he was dispatched to Melville to help navigate the paper through one of its darkest chapters. His unimpeachable integrity and determined leadership systematically rebuilt Newsday and its trust among its advertisers, readers and communities. At the same time, Tim prepared Newsday to withstand the challenges of two changes of ownership, an historic advertising recession, and the shifting dynamics of the print industry.
Most of all, Tim has nurtured and supported our dedication to great journalism and, as a result, has continued to build on Newsday’s reputation of excellence. We are grateful for Tim’s service. His numerous contributions will benefit Newsday for years to come.
I would also like to announce that in recognition of his contributions to our organization, Terry Jimenez, Publisher of amNewYork, has been named Acting Publisher of Newsday. His experience at Newsday will prove invaluable as we continue, under his leadership, to focus on activities that provide our advertisers and readers with increasing value and relevance.
Thank you for your continued commitment to what we do and for helping to drive the next phase of Newsday’s development.