Boston Globe Publisher Announces Key Business Office Management Appointments; Changes Benefit Finance, Circulation, and Production Departments.

Business Editors

BOSTON--(BUSINESS WIRE)--May 7, 2002

George A. Barrios has joined The Boston Globe as Chief Financial Officer and Senior Vice President as part of a series of new management appointments intended to strengthen business office operations in three of the newspaper's key departments: Finance, circulation and production.

The announcements were made today by Boston Globe Publisher Richard H. Gilman, who commented that "These are very important additions and changes to our already strong senior management team. With the addition of George's expertise, and the new assignments within other areas of the Globe's management team, we're positioning ourselves to build upon our successes."

New CFO Barrios, who will report directly to Globe President Richard J. Daniels, joins the Globe from high-tech industry leader Netsilicon, Inc. where he served as Executive Vice President. He holds both an MBA and BA degree from the University of Connecticut.

"George has a wealth of experience developing and leading finance teams through times of change and growth, and has been very successful in creating a performance culture within finance groups and helping operating management spread that culture," noted Globe President Richard J. Daniels. "He comes to us with an impressive track record of not only getting the numbers right, but also adding value by cutting through the data and developing recommendations that increase revenue, improve efficiencies, and grow the bottom line."

In addition to his exposure with Fortune 500 companies, Barrios, a resident of Marlborough, also has considerable publishing experience -- having spent six years as a Finance Director with Time Warner, Inc. between 1989-1995. Following that position, he joined Praxir, Inc., a Fortune 500 manufacturing company, as Division Chief Financial Officer.

Thirty-year Globe veteran Stephen T. Cahow will shift from his current role of Vice President of Circulation to become the new Vice President of Production, replacing Michael Ide who retired from the newspaper earlier this month. Cahow spent several years with the Globe's former distribution subsidiary, Community Newsdealers, Inc., rising to the position of Executive Vice President, before joining the Globe's Circulation Department in 1992. An Andover, MA resident who holds a BA degree in economics from Miami University, Cahow will report to Senior Vice President Gregory Thornton.

Chris Mayer, another long-time Globe employee, has been promoted to Vice President Circulation Sales from Executive Director of Single Copy Sales and Operations. A Community Newsdealers, Inc. veteran, Mayer began his career with the Globe in 1984, first in the Information Technology Department where he reached the position of Director, then on to the Circulation Department where as Executive Director he oversaw sales, delivery and fleet management. Mayer holds a BS degree in computer sciences from Yale University, and resides in South Boston.

And rounding out the new management appointments will be new hire Susan Hunt Stevens, who will assume the position of Vice President Circulation Marketing. Stevens most recently served as President of Abridge, Inc., an enterprise software firm she co-founded in 1999. Prior to that, Stevens was Group Director of Marketing for New York Times Digital, the online division of the New York Times Company, parent company of The Boston Globe. Stevens holds an MBA degree from Dartmouth College, and a BA degree from Wesleyan University.

Both Mayer and Stevens will report to Senior Vice President of Circulation Yasmin Namini.

The Boston Globe, New England's largest newspaper, is a wholly owned subsidiary of The New York Times Company (NYSE: NYT), a diversified media company including newspapers, magazines, television and radio stations, and electronic information and publishing. The company's core purpose is to enhance society by creating, collecting, and distributing high-quality news, information and entertainment.