TIMES OF THE TIMES

NYT

New York Times CEO’s Appointment ‘Celebrated’ by Blast of Lightning to Newspaper

Yesterday, The New York Times Co. named the BBC’s outgoing Director General Mark Thompson to the post of CEO. The company had been without a new chief executive since Janet Robinson was tossed from the coop with a golden parachute at her back in December; Times Co. chairman and publisher Arthur ­Sulzberger Jr. served in the position as an interim chief executive up until yesterday, when Thompson was named.

A few minutes ago, the building was struck by lightning… Read More

C.R.E.A.M.

WaPo Earnings Up 256%, But Its Kaplan Cash Cow Is in Danger

The Washington Post Co. reported third quarter earnings of $60.9 million on Friday, up from $17.1 million last year for a whopping 256 percent earnings increase, but there’s trouble on the horizon at the company’s cash cow, Kaplan Inc.

Much of WaPo’s revenue comes from Kaplan’s online college and tutoring business, which had revenues of $743.3 Read More

The New York Times Puts Up Its Dukes

There was a time when The New York Times never had to say anything back. If the newspaper caught hell for a story in the popular media, editors at the paper could rely on the time-tested formulation: “The story speaks for itself.” When critics carped about the newspapers’ editorial vision, business plan, or financial position, Read More