Monday, March 18, 2013

NYT Reorganizes into 3 Groups

New York Times Co. (NYT), reshuffling its staff after the arrival of Chief Executive Officer Mark Thompson last year, will create three new groups in an effort to streamline the company and promote its online operations. 
The company will now have groups devoted to digital, print and advertising, according to a memo to staff. The changes also will eliminate the barrier between the New York Times Media Group and the company’s corporate operations. Roland A. Caputo, who was chief financial officer of the Media Group, will now focus on the print operations. Jim Follo, the corporate-level CFO, will remain in that role.