Publisher of Post's Online Media Leaves
Saturday, April 12, 2008
Caroline H. Little stepped down yesterday as chief executive and publisher of Washingtonpost.Newsweek Interactive (WPNI), the company announced.
WPNI is a wholly owned subsidiary of The Washington Post Co. that oversees washingtonpost.com, Slate, Newsweek.com, the Root and other Internet operations. The Post's newspaper and Web site newsrooms are separate, and each has its own executive editor.
Both executive editors, however, will now report to the same person, Katharine Weymouth, chief executive of the newly created Washington Post Media and publisher of The Post and the Web sites. There is increasing crossover and cooperation between the two newsrooms.
The company asked Little to remain in her job, although it would have changed as WPNI changes. For instance, much as The Post and washingtonpost.com are working more closely, so are Newsweek and Newsweek.com, in some ways decentralizing the authority of WPNI's publisher.
Post Co. Chairman Donald E. Graham asked Little to stay with the company to explore new Internet ventures.
"It's been a wonderful time," Little said. "It's a good time for me to transition to other things."
Under Little, who became WPNI publisher in 2004, washingtonpost.com experienced substantial growth and became profitable for the first time. The site now has at least 10 million unique visitors per month and reported $114 million in revenue last year, an 11 percent increase over 2006.
"Caroline was able to accomplish all this through her extraordinary leadership skills, her vision and with the assistance of the stellar team she built at WPNI," Weymouth said.
Weymouth said the company will look for a new WPNI chief executive who can identify online ventures that can be built from scratch, such as the Root, and others that The Post Co. can invest in.