Mark Thompson, director general of the BBC, has been named the new CEO of the New York Times.The choice of Thompson comes just weeks after the Times announced that it now receives the majority of its revenue from subscriptions, not advertisers.
In many ways, the success of the Times paywall has been to cultivate a committed cohort of fans who subscribe — which then allows the majority of readers to access stories for free. This model isn’t that far off from the public media model, where donors account for about 10 percent of the audience.