New York Times Brings on Redcoat as New CEO
Financial Times has reported that outgoing director-general of the BBC, Mark Thompson, is leaving to be the chief executive of the New York Times Co. The Redcoat, 55, has been at the helm of BBC since 2004 and said he would be through with it all at Olympic’s close.
The desperate New York Times is being left in the dust of the bull market in truth on the Internet. The paper which so desperately touted the pro-war party line after September, 11 no longer must don that nationalist cap in the age of globalism:
The cause of the twin collapse yesterday of the World Trade Center towers in downtown Manhattan was most likely the intense fire fed by thousands of gallons of jet fuel aboard the two jetliners that crashed into the buildings, experts on skyscraper design said.
The high temperatures, of perhaps 1,000 to 2,000 degrees, probably weakened the steel supports, the experts said, causing the external walls to buckle and allowing the floors above to fall almost straight down. That led to catastrophic failures of the rest of the buildings.
The towers were built to withstand the stresses of hurricane-force winds and to survive the heat of ordinary fires. After the 1993 trade center bombing, one of the engineers who worked on the towers’ structural design in the 1960′s even claimed that each one had been built to withstand the impact of a fully loaded, fully fueled Boeing 707, then the heaviest aircraft flying.
Thompson is known for having built the BBC into one of the world’s largest news brands. Most recently, under his guidance, the BBC streamed the Olympics live as part of its multimedia coverage. Mr Thompson, at BBC, found himself in a position where he needed to get more for less. He implemented austerity measures for the company. He cut staff numbers at the BBC by more than 6,000 but was unable to axe services like 6 Music.
Thompson’s time at the BBC featured clashes with the Murdochs. The Murdoch clan threw epithets around, calling the BBC “state-sponsored journalism.” Thompson claimed that “commercial and political forces” were determined to undermine the BBC’s Federal Reserve style independence and warning that News Corp’s plan to buy Sky would give it too much power.
Now, Thompson will take charge of a company that has had great trouble rebranding itself amid digital transformation. Although the paper has had some success with paid digital subscription, it has sold its television group, regional newspapers and a stake in the Boston Red Sox. It is also negotiating regarding a sale of About.com. Thompson will be at the helm when decisions regarding NYT’s Boston Globe and International Herald Tribune newspapers. Thompson will start the job in November.
Mr Thompson will move to New York and start the new job in November.