Billionaire Carlos Slim plans to exercise warrants by the end of the year that will more than double his stake in the New York Times Co. to as much as 19 percent, a person with knowledge of the matter said.
Former British Broadcasting Corp. Director General Mark Thompson said a failed digital media initiative at the broadcaster, which resulted in a loss of about 100 million pounds ($163.4 million), deteriorated under his watch.
New York Times Co. incoming Chief Executive Officer Mark Thompson is going public to defend his leadership at the British Broadcasting Corp. amid calls for the newspaper company to reevaluate its CEO choice.
New York Times Co. named Mark Thompson as its next chief executive officer after a nine-month search, turning to a leader who steered the British Broadcasting Corp. through belt tightening and job cuts.
The New York Times Co.’s advertising department is struggling to replace its once-lucrative print ads with digital sales, as Google Inc. and Facebook Inc. gobble up increasingly large chunks of marketers’ budgets.
Former British Broadcasting Corp. Director General Mark Thompson, now chief executive officer of New York Times Co., defended himself in a hearing as U.K. lawmakers criticized his payouts to departing BBC executives.
New York Times Co. Chief Executive Officer Mark Thompson is taking a cue from subscription services like Netflix Inc. in a bid to transform the publisher into an Internet company that relies less on advertising.