"The New York Times Company has named Mark Thompson, the departing director general of the British Broadcasting Corporation, as its new president and chief executive," reports The New York Times Media Decoder blog..
Thompson will join the company in November and will also sit on its board. In selecting Thompson, The Times "reached outside its own company, its own industry and even its own country to find a leader to guide it in an uncharted digital future," the story says.
The company hasn’t had a CEO since Janet Robinson left in December 2011, with Chairman Arthur Sulzberger Jr. seeking a candidate with experience across platforms and in the digital realm.
Thompson, who has spent almost his entire his career at the BBC, is known for expanding the British broadcaster internationally as well as digitally, the story notes. He also oversaw cost-cutting at the broadcaster.
"Mr. Thompson will be joining the Times company as it continues to face challenges posed by changing reader habits and a shifting advertising market," The Times writes. "Last month, it reported a net loss of $88 million for the second quarter of 2012. A positive sign has been the success of its digital subscription strategy, which has so far attracted 509,000 paid subscribers to the Web site, e-reader and other digital editions of The Times and The International Herald Tribune."