BtoB CEO Meyer stepping down

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New York—Scott Meyer, CEO of information and advice Web site (which is owned by the New York Times Co.), announced Wednesday that he will be leaving the company March 6.

Martin Nisenholtz, senior VP-digital operations for the Times Co., and Ron McCoy, CTO of the division, will run the Web site on an interim basis. Diane McNulty, a spokeswoman for Times Co., said the company will look internally and externally for a successor to Meyer.

Times Co. bought from Primedia for $400 million in 2005. The division had $102.7 million in revenue last year, up 28% from 2006, and $34.7 million in operating profit, up 12.6%.

Meyer’s departure comes as dissident shareholders are increasing pressure on Times Co. to unload some print assets and ramp up Internet investments.

—Matthew Schwartz

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