NEW YORK--(BUSINESS WIRE)--Oct. 28, 2003--The New York Times announced today that Glenn Kramon has been named associate managing editor for career development, a newly created position, and William E. Schmidt has been named associate managing editor for resources and planning. Mr. Kramon, currently business editor of The Times, will assume his new position once his replacement has been selected. Mr. Schmidt has been associate managing editor for personnel and newsroom administration since 1997 and will assume his newly reconfigured position immediately. Mr. Kramon and Mr. Schmidt will report to Executive Editor Bill Keller and Managing Editor John Geddes.

"I am delighted to name Glenn as our first editor for career development and to promote Bill to an enhanced role in newsroom administration," said Mr. Keller. "Glenn has the credibility of an editor who has produced, in Bizday, probably our best working model of how superior management feeds superior journalism. And Bill has won his colleagues' respect with a list of accomplishments that includes leading the launch of a scholarship program, helping plan our new headquarters, smoothing our hiring processes, keeping us on budget, and shepherding a new ethics policy into effect. Bill's accomplishments stretch so far and are so broad that the logic of creating Glenn's job simply to bring more focus to Bill's life was inescapable."

In his new role Mr. Kramon will review and reform the newsroom's procedures for assuring that staff members grow to their full professional potential. He will oversee the annual review process and ensure the launch of more training programs to broaden staff skills. He will also help introduce enhanced recruitment and staffing practices and improve communications with staff members.

In his new role Mr. Schmidt will supervise budgeting, legal and labor relations issues and dealings with departments outside the newsroom, including work with the International Herald Tribune and other projects intended to take Times journalism beyond the newspaper. He will also be formally in charge of recruiting and compensation, although department heads will remain the front line in the newsroom's recruitment efforts and Mr. Kramon will also be actively involved in the process.

Mr. Kramon, 50, became business editor of The New York Times in 1997, supervising the paper's daily and Sunday business coverage and overseeing a staff of more than 100. Reporters whom Mr. Kramon has supervised and edited have won two Pulitzer Prizes, and have been finalists for the Pulitzer Prize eight times. They have also earned a number of other honors including five George Polk awards and five Gerald Loeb awards for distinguished business journalism. In June 2003, Mr. Kramon became the first recipient of the Gerald Loeb/Lawrence Minard award for outstanding work as an editor.

Previously, Mr. Kramon had served as deputy business editor since 1994. Since joining The Times in 1987 he has served in positions ranging from copy editor and health care reporter to Sunday business editor and assignment editor, to enterprise editor and technology editor. Before joining The Times, he worked at The San Francisco Examiner since 1977, holding various positions including business editor and Sunday news editor. From 1975 until 1977, he worked at The Kansas City Star as a news editor, copy editor and reporter.

Mr. Kramon received a B.A. degree with honors in communications from Stanford University in 1975. While at the university he was the managing editor, city editor and staff editor for the independent student newspaper, the Stanford Daily.

Mr. Schmidt, 56, was named associate managing editor for personnel and newsroom administration in 1997. Mr. Schmidt joined The Times in February 1981, and spent most of his career at the newspaper as a correspondent based in bureaus outside of New York. He spent 10 years working for the national desk, as The Times's bureau chief in Denver, Atlanta and Chicago. From 1991 to 1995, he was the newspaper's London correspondent, where he covered the British Isles and Scandinavia, but reported as well from the Middle East, Africa and Bosnia. In 1995 he was assigned to New York as deputy national editor, and helped direct the Times coverage of the Oklahoma City bombing and the 1996 Presidential campaign.

Before joining The Times, Mr. Schmidt, worked for Newsweek for eight years, the last two as bureau chief in Moscow. For the three years prior to his Moscow assignment, Mr. Schmidt was Newsweek's Middle East bureau chief based in Cairo. He also served as the magazine's Miami bureau chief and was a correspondent in its Chicago bureau. From 1967 to 1973, Mr. Schmidt was a reporter with The Detroit Free Press.

In 1987 Mr. Schmidt was among seven reporters and two editors at The Times who shared the Pulitzer Prize for national reporting for articles about the causes of the Challenger disaster. In 1971 he shared the George Polk Award for national reporting for coverage of the shootings at Kent State University. In 1977 he won an award from the Overseas Press Club for his reporting on the war in Lebanon.

Mr. Schmidt received a B.A degree in journalism from the University of Michigan at Ann Arbor in 1967.

The New York Times Company (NYSE: NYT), a leading media company with 2002 revenues of $3.1 billion, includes The New York Times, The International Herald Tribune, The Boston Globe, 16 other newspapers, eight network-affiliated television stations, two New York City radio stations and more than 40 Web sites, including NYTimes.com and Boston.com. For the third consecutive year, the Company was ranked No. 1 in the publishing industry in Fortune's 2002 list of America's Most Admired Companies. In 2003 the Company was named by Fortune as one of the 100 Best Companies to Work For. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.

This press release can be downloaded from www.nytco.com.

Photographs of Messrs. Kramon and Schmidt may be downloaded from http://www.nytco.com/press-photos.html.

CONTACT: The New York Times Company Catherine J. Mathis, 212-556-1981 mathis@nytimes.com Toby Usnik, 212-556-4425 usnikt@nytimes.com SOURCE: The New York Times Company