The New York Times Company Announces That Richard Gilman, Publisher of The Boston Globe and Head of the New England Media Group, Will Retire and Be Succeeded By P. Steven Ainsley

Mary Jacobus to Become President and COO of The New York Times Company Regional Media Group

The New York Times Company announced today that Richard Gilman, publisher of The Boston Globe and head of the New England Media Group, is retiring and will be succeeded by P. Steven Ainsley, currently president and chief operating officer of the Company's Regional Media Group. Mary Jacobus, currently president and general manager of The Boston Globe, will succeed Mr. Ainsley.

On September 12, Mr. Ainsley will assume his new position as publisher and head of the New England Media Group, which includes The Boston Globe; BostonWorks; GlobeDirect, the Globe's direct mail subsidiary; the Worcester Telegram & Gazette; and the related Web sites of both newspapers. As was the case with Mr. Gilman, Mr. Ainsley will also oversee the Company's investment in Metro Boston, a free daily newspaper targeting well-educated young professionals, and the Globe's strategic relationship with New England Sports Ventures, which owns the Boston Red Sox and a majority interest in the New England Sports Network. Mr. Gilman will serve as an advisor until the end of the year and will leave the Company at that time.

Also on September 12, Ms. Jacobus will become president and chief operating officer of the Company's Regional Media Group, which is comprised of 14 award-winning daily newspapers located in the southeast and in California. Ms. Jacobus will remain in Boston during a transition period before relocating to Tampa, Fla., where the Regional Media Group is headquartered. The announcements were made by Janet L. Robinson, president and CEO of The New York Times Company.

"To have the opportunity to work with a journalist and businessman of Richard's caliber is rare," said Ms. Robinson. "He has been an extraordinary publisher during a very challenging time. He has championed the critical role of our newspapers in their communities. The Globe, during his tenure, has won three Pulitzer Prizes. At the same time, Richard has expanded the scope of the New England Media Group, adding numerous new products and features, and building our competitive reach throughout the region.

"We are fortunate to have a seasoned executive such as Steve Ainsley to succeed Richard," Ms. Robinson continued. "He possesses strong management skills and has demonstrated his ability to successfully grow revenues through innovative new products while remaining disciplined on expenses. Steve has been a member of the Company's Executive Committee since 2004 and is well versed in the New England marketplace."

"I am very pleased that Mary Jacobus will take over Steve's current responsibilities," Ms. Robinson said. "She is a dynamic leader with extensive industry experience. Her broad background, strong skills and deep passion for our business will enable her to bring new insight and to build on the Group's success."

Mr. Ainsley, 53, became president and chief operating officer of the Regional Media Group in 2003. The Group has won four Pulitzer Prizes and its 14 daily newspapers have an average total weekday circulation of more than 600,000 copies. Previously, he was senior vice president of the Regional Newspaper Group since 1999. Mr. Ainsley had been a publisher at various New York Times Company-owned newspapers since 1982. He was publisher of The Santa Barbara News-Press, in Santa Barbara, Calif., from 1993 to 1999. Before that he served as publisher of New York Times Company-owned newspapers in Alabama, Florida and Maine.

Mr. Ainsley has been a director of the New England Press Association and the Alabama Press Association and has served as a director of the Southern Newspaper Publishers Association since 2004. He has also served as a director and officer of numerous local civic and charitable organizations in the communities in which he has lived.

Mr. Ainsley received a B.A. degree from New York University in 1976. He graduated from the Emory University Advanced Management Program in 1986.

Mr. Gilman, 55, was named publisher of The Boston Globe in 1999 after serving in a number of senior positions at The New York Times Company. The Pulitzer Prizes the Globe won under his leadership included the Gold Medal for Public Service for the paper's investigation into the widespread sexual abuse by Roman Catholic priests in the Archdiocese of Boston. With Mr. Gilman's leadership, the Company acquired the Worcester Telegram & Gazette, made investments in Metro Boston and New England Sports Ventures and expanded the direct mail subsidiary, GlobeDirect.

He has served on the boards of numerous organizations, including the Greater Boston Chamber of Commerce, United Way of Massachusetts Bay, the Boston Public Library Foundation and the American Press Institute. He is the immediate past president of the Commercial Club of Boston.

Mr. Gilman, who began his career as a journalist for 11 years with the Arizona Daily Star in Tucson, plans to pursue a series of independent writing projects in his retirement.

Ms. Jacobus, 49, became the president and general manager of The Boston Globe in January 2006. Previously, Ms. Jacobus was the president and chief executive officer of Fort Wayne Newspapers and publisher of the News-Sentinel in Fort Wayne, Ind. Before that, she was the president and publisher of the Duluth News Tribune in Duluth, Minn.

From 1995 until 1998, Ms. Jacobus served as vice president of sales and marketing at The Gazette in Colorado Springs, and from 1989 until 1995, she was the director of sales and marketing at the Tribune-owned Escondido Times Advocate. She also held advertising and circulation positions at the Long Beach Press-Telegram from 1981 until 1989. Ms. Jacobus began her career at the Buffalo Courier Express and Buffalo News in circulation positions.

Ms. Jacobus serves on the Board of Directors of the Audit Bureau of Circulations. She graduated from Le Moyne College in Syracuse, N.Y.

The New York Times Company (NYSE: NYT), a leading media company with 2005 revenues of $3.4 billion, includes The New York Times, the International Herald Tribune, The Boston Globe, 15 other daily newspapers, nine network-affiliated television stations, two New York City radio stations and 35 Web sites, including, and The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.

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