Executive Director, Corporate Development

The mission of The New York Times is to seek the truth and help people understand the world. That means independent journalism is at the heart of all we do as a company. It’s why we have a world-renowned newsroom that sends journalists to report on the ground from nearly 160 countries. It’s why we focus deeply on how our readers will experience our journalism, from print to audio to a world-class digital and app destination. And it’s why our business strategy centers on making journalism so good that it’s worth paying for. 

The New York Times is looking for an Executive Director, Corporate Development to join its high-impact Strategy & Development team. You will lead the company's efforts to identify, analyze and accelerate promising acquisition opportunities. You will also participate in strategy projects that contribute to our growth in other ways, including through partnerships and organic investment.

This is an important and exciting moment to work at The Times. Our journalism has never been stronger or more relevant. Our products are used by millions of passionate and engaged users every month. Our strategy of providing journalism worth paying for has helped us surpass 11 million subscribers. And we see enormous potential for continued growth.

Acquisitions — including Wirecutter, Wordle, and The Athletic — have contributed significantly to the success of our essential subscription strategy. You will help senior leaders evaluate acquisitions and other business opportunities that ensure the company's continued success. 

This is a hybrid role based in our New York City headquarters, reporting to the SVP, Head of Strategy & Development. You can typically expect to come into the office 3+ days per week. 

Responsibilities:

• Leading end-to-end sourcing, structuring, negotiating, diligencing, and closing of acquisitions at The Times
• Building relationships with founders, bankers, and others to stay up to date on market trends and identify opportunities
• Collaborating with internal teams (e.g., Product, Engineering, Legal, Tax) and third parties to identify and assess potential acquisition opportunities
• Conducting rigorous analysis to articulate the strategic rationale and quantitative impact of potential acquisitions
• Communicating important diligence findings to senior leadership
• Managing relationships with outside advisors working on deals, including investment banks, legal firms, venture capital firms, consulting firms, accounting firms and HR and compensation advisors
• Overseeing the integration of acquired businesses into the operations of The Times, and advising business unit leaders on an ongoing basis
• Participating in strategy projects that may involve market assessments, product strategy, partnerships, subscription growth, and more
• Demonstrate support and understanding of our value of journalistic independence and a strong commitment to our mission to seek the truth and help people understand the world.

Basic Qualifications:

• A minimum of 8 years of relevant work experience in private equity, venture capital, investment banking, corporate development, and / or management consulting
• Deep familiarity with and interest in the competitive landscape and evolving information ecosystem that The Times operates in
• Experience leading acquisitions or investments, including researching new markets, evaluating business models, developing relationships with management teams, leading diligence processes, and building complex financial models
• Experience communicating effectively with senior company leaders in memos, presentations, and verbally
• Prior experience finding potential acquisition opportunities 
• Track record of building strong, productive relationships with a broad range of internal stakeholders and external partners
• Passion for The New York Times and the role of journalism in society

REQ-018926

The annual base pay range for this role is between:$245,000—$265,000 USD

 

The New York Times Company is committed to being the world’s best source of independent, reliable and quality journalism. To do so, we embrace a diverse workforce that has a broad range of backgrounds and experiences across our ranks, at all levels of the organization. We encourage people from all  backgrounds to apply.

We are  an Equal Opportunity Employer and do not discriminate on the basis of an individual's sex, age, race, color, creed, national origin, alienage, religion, marital status, pregnancy, sexual orientation or affectional preference, gender