The New York Daily News, the sixth largest newspaper in the U.S., is making a change at the top. Current chief executive Marc Kramer is out. Bill Holiber, president and CEO of U.S. News & World Report, is in.
But there’s a twist – Holiber is assuming CEO duties at the Daily News and keeping the same title at U.S. News. (Pulling double duty is probably not a bad idea in the print business.)
Official line is that Kramer is “leaving to pursue opportunities.”
Internal memo from chairman and publisher Mort Zuckerman below:
Subject: MESSAGE FROM MORTIMER B. ZUCKERMAN
MESSAGE FROM MORTIMER B. ZUCKERMAN, Daily News Chairman and Publisher
William D. Holiber has been appointed President and Chief Executive Officer of the Daily News. Bill will assume this role in addition to his current responsibilities as President and Chief Executive Officer of U.S. News & World Report. Current Chief Executive Officer Marc Z. Kramer is leaving to pursue other opportunities.
I want to take this opportunity to thank Marc for his contributions to the paper over the past four-plus years. He has done a tremendous job, and I know he is going to succeed in his future endeavors.
During the next several weeks, Bill and Marc will work together to ensure a smooth transition.