A girl walks into the New York Instances constructing in New York, February 7, 2013. REUTERS/Eric Thayer/File Picture
April 19 (Reuters) – The New York Instances Co (NYT.N) named Joseph Kahn govt editor on Tuesday, because it pursues a digital- and subscription-focused technique bolstered by acquisitions in recent times.
Kahn, who has been the Instances’ managing editor — the second-ranking title within the newsroom — since September 2016, succeeds Dean Baquet.
Baquet, 65, has been govt editor since 2014. The corporate mentioned he’ll stay on the paper to steer a brand new enterprise, with out giving additional particulars.
“Some will interpret this promotion as an indication of confidence in our present path. That is true,” New York Instances Co Chairman and newspaper Writer A.G. Sulzberger mentioned in an inner memo despatched Tuesday morning and seen by Reuters. “Beneath Dean and Joe, The Instances has grown stronger in just about each means.”
Added Sulzberger, “The Instances has a longstanding follow of editors leaving the masthead at 65, which Dean wished to honor given his sturdy perception that Joe was greater than able to fill his sneakers.”
Beneath Baquet, the Instances’ first Black govt editor, the 171-year-old newspaper navigated assaults from President Donald Trump, whose presidency led to a surge in paying readers.
In February the corporate introduced it had reached its objective of 10 million subscriptions, years forward of its 2025 goal, and set a brand new goal of no less than 15 million subscribers by the tip of 2027. The transfer towards extra of a subscription-based mannequin was an try to deal with the failings of the standard advertising-based technique within the digital period.
Beneath Baquet, the Instances received 18 Pulitzer Prizes, thought-about essentially the most prestigious in U.S. newspaper journalism. It expanded past its print and digital information base, introducing merchandise in classes reminiscent of cooking, buying recommendation and puzzles just like the Wordle sport, which it acquired in January.
That month the Instances firm additionally acquired the digital, subscription-based sports activities media enterprise The Athletic for $550 million. In 2020, it purchased Serial Productions, the corporate behind the favored “Serial” podcast, for greater than $25 million. And in 2016, it purchased the evaluation websites The Wirecutter and the Sweethome for greater than $30 million.
Reporting by Helen Coster in New York; Further reporting by Alistair Bell in Washington and Eva Mathews in Bengaluru; Modifying by Anil D’Silva and Jonathan Oatis
: .
