New York Times names COO Meredith Kopit Levien as its new chief executive

New York Times Co on Wednesday named Chief Operating Officer Meredith Kopit Levien as its new chief executive, effective September  8.

The newspaper publisher said Levien, 49, will succeed Mark Thompson and also join the company's board.

In an interview with the Times, Levien said she would continue to focus on and expand the newspaper's subscription model as advertising revenue continues to fall.

Levien joined the New York Times Co in 2013 as its advertising head after a nearly five-year stint at Forbes. She was named chief operating officer in June 2017.

Thompson, who has been heading the company since 2012, will also step down