New York Times: Stop the Presses

By Ed Lasky

Rafat Ali of Paidcontent.org(via Forbes) has the story. It seems that another shocking development is rocking the faltering New York Times Company:

Vivian Schiller, the well-regarded head of the NY Times' digital efforts, has left the company to go to the non-profit analogue of the NYT (well, actually the NYT is increasingly moving toward non-profit these days), National Public Radio.

She led the day by day management of the New York Times on-line edition, as well as other internet efforts by the Times. The Boston Globe, owned by the New York Times Company, also recently announced another round of layoffs (42 people let go).

The Times will also be taking a huge impairment charge related to its New England media Group (that includes the Boston Globe), estimated to be $166 million.