Spearheaded by Times Company chairman Arthur Sulzberger Jr., the goal of the program, which until recently had been called "Invest in the Core," is to extend the reach of the Times brand by increasing investment in four areas—mobile, video, social engagement, and new global markets—with resources made available partially by the sale of other properties.
"Our board has made meaningful progress in the search for a new C.E.O. and we expect to have more to share with you before the end of this quarter," said Arthur Sulzberger Jr., the chairman and interim C.E.O. of the Times Company, during its quarterly earnings call this morning.
A year into the 'Times' digital subscription program, analysts and insiders see surprising success, and more challenges to come
Inside the building, the success of the meter model has inspired a new confidence among the Times' journalists.
"It's given a renewed sense of confidence to the place, that they pulled off something this big and this hard and made it work," one senior newsroom source told Capital.
But it's only the beginning, and there are signs that making this model continue to work at an increasing scale will take significant effort and resources.(4)
Report: Internal grumbling that 'Times' publisher (and interim C.E.O.) Arthur Sulzberger Jr. travels too much
In a piece today about the "leadership vacuum" at the New York Times Co. following the abrupt exit late last year of C.E.O. Janet Robinson, Bloomberg's Edmund Lee and John Helyar report that some executives are uneasy about chairman Arthur Sulzberger's international travel schedule.
This is not the first time questions have been asked about Sulzberger's travel schedule—or the fact that he now appears to be in a committed cross-continental relationship.
Janet Robinson, chief executive of The New York Times Company since 2004, will retire on Dec. 31, the company announced to the surprise of media observers late Thursday afternoon.
Times Company chairman and Times publisher Arthur Sulzberger Jr. will step into the chief executive role on an interim basis while the search for a replacement is underway.
Before a large cross-section of the Times' more than 300 digital employees, Nisenholtz gave a teary-eyed farewell address, during which he choked up several times and joked that he was "the John Boehner" of the paper. He received a standing ovation.
'Times' stops scoffing at Cyber Monday, its own third-biggest sales day since launching its digital subscription model
"Cyber Monday may have started as a made-up occasion to give underdog e-commerce sites jealous of Black Friday a day of their own," The New York Times' Claire Cain Miller wrote on Monday, Nov. 28, "but it has become an undeniably real thing—surprising even the people who invented it."
And possibly Miller's employers: The Times' recent Cyber Monday promotion, which offered 50 percent off 26 weeks of Times digital subscription packages and 50 percent off 12- and 26-week gift subscriptions, was its third largest sales day since the launch of the paid online model about eight months ago, executives said today.