From the NEW YORK TIMES:
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….
In choosing Mr. Thompson, a veteran of television who has spent nearly his entire career at the BBC, 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…
Mr. Thompson will be joining the Times company as it continues to face challenges posed by changing reader habits and a shifting advertising market. 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. “They’re much more subscription-driven than I think people give them credit for,” Mr. Janedis said…
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EDITOR: This article is worth reading in its entirety because of its implications concerning newspapers publishing in general and also what is likely to occur with at the Lancaster Newspapers over the next ten to fifteen years.
