Terry Jimenez has stepped down as president of Newsday Media Group, Cablevision local media president Tad Smith told staff Tuesday. He has been replaced by Fred Groser, who has been publisher of Newsday and commuter freebie amNewYork for the past two years.
Mr. Groser succeeded Mr. Jimenez in that post as well. Mr. Jimenez was made publisher of the Long Island daily when Tim Knight resigned in 2009, a year after the Dolan family’s Cablevision purchased the paper from Sam Zell’s Tribune Company for $650 million. During his tenure, he oversaw the implementation of a paywall and added mobile editions.
“Terry Jimenez has very capably led Newsday and amNewYork in top leadership positions from before the acquisition by Cablevision,” Mr. Smith wrote in an internal e-mail. “Among many achievements, he has guided the implementation of a bold new digital strategy – which he ensured is working well (it is) - and then led it to a place of stability with a bright future. With these accomplishments in place, Terry has decided to leave us at the end of this month.”
“After 7 years with Newsday Media Group, I have decided to move on,” Mr. Jimenez wrote in a memo attached to the e-mail. “It has been a privilege to be a part of an organization such such a storied past and a bright future, while navigating through challenging times in our business, industry, and economy.”
His replacement, Mr. Groser, worked a Newsday paper route as a kid on Long Island, according to a PaidContent story from last year.
“Fred’s extensive business experience, knowledge of our marketplace, sales acumen, and sense of humor make him a terrific leader to carry us into the future,” Mr. Smith wrote.