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New York Times Co. Faces Leadership Vacuum After Robinson Ouster

The departure of New York Times Co. Chief Executive Officer Janet Robinson last month leaves the company with a leadership vacuum amid falling revenue, profit squeezed by pension costs and pressure from family members to restore a dividend once worth more than $20 million a year.

Robinson, 61, was pushed out by Chairman Arthur Sulzberger Jr. and his cousin Michael Golden, said a person familiar with the situation. Golden, who is chief operating officer, just lost part of his responsibilities when the company sold the regional newspaper division he’d run and will take on new duties, said the person, who wouldn’t be named because the matter is private.