The International Herald Tribune Names Michael Oreskes Executive Edito

    Business Editors

    NEW YORK & PARIS--(BUSINESS WIRE)--May 11, 2005--The International Herald Tribune (IHT) announced today that Michael Oreskes, deputy managing editor of The New York Times, has been named executive editor of the IHT. He succeeds Walter Wells who announced his departure earlier this year. Mr. Oreskes will move to Paris and take up his new responsibilities this summer. He will report to Michael Golden, publisher of the IHT.
    In making the announcement, Mr. Golden said, "Mike's experience at The Times as Metro editor, Washington Bureau chief and deputy managing editor make him uniquely qualified to lead the IHT newsroom. In his career, Mike has exhibited the great news judgment and superior staff development that will make the IHT even more successful. Working with Alison Smale, managing editor of the IHT, and the full IHT staff, Mike will continue the successes the IHT has achieved over the last two years. Having him come to the IHT now is another very clear statement of The New York Times Company's commitment to this great newspaper and its Web site."
    "Putting an editor of Mike's stature in charge of the IHT demonstrates both the depth of our commitment to that paper's success and the tight bonds of collaboration between The Times and the IHT," said Bill Keller, executive editor of The New York Times. "Mike will be a formidable leader for the IHT and will strengthen the alignment of the two papers."
    Mr. Golden added, "I want to thank Walter Wells for the remarkable contribution he has made in leading the newsroom of the IHT in the greatest expansion the paper has seen in half a century. Walter laid a successful foundation that will be the base of the IHT's success for decades."
    Mr. Oreskes, 51, was named deputy managing editor of The New York Times in 2004 and oversees Times online and television content. He also supervises the paper's relationship with the IHT. He has been an assistant managing editor and director of electronic news since 2000. Previously, Mr. Oreskes served as the Times's Washington bureau chief; during his two-year tenure bureau members won three Pulitzer Prizes.
    Before his Washington position, Mr. Oreskes served as Metropolitan editor, during which time the Metro desk won two Pulitzer Prizes and a Polk Award for local reporting. From 1987 to 1991, he served as Congressional correspondent and national political correspondent in the Washington bureau. Mr. Oreskes came to The Times from the New York Daily News, where he worked as a general assignment reporter, an education writer, an Albany correspondent, labor editor and City Hall bureau chief. Mr. Oreskes received a bachelor's degree from the City College of New York in 1975.
    Mr. Wells, 62, was named executive editor of the International Herald Tribune in 2004. He became managing editor when The New York Times assumed full ownership of the newspaper in 2003. Mr. Wells held the same title from 1997 until 2001 when he left to pursue private interests.
    Mr. Wells first joined the IHT in January 1980, and from the beginning, whether as deputy editor or news editor, he has had a key role in directing the IHT's news operation, serving as first deputy to five different chief editors. From 1972 to 1980, he worked for The New York Times and was The Times's assistant national editor when he left for the Paris assignment.
    Previously, Mr. Wells served as a reporter and editor for the Richmond Times-Dispatch in Virginia, ending as head of the newspaper's dozen news bureaus. Mr. Wells is an honorary L.L.D., a member of the Council on Foreign Relations and has served as a lecturer at the Institut des Sciences Politiques and at the Centre de Perfectionnement des Journalistes in Paris.
    The New York Times Company (NYSE: NYT), a leading media company with 2004 revenues of $3.3 billion, includes The New York Times, the International Herald Tribune, The Boston Globe, 16 other newspapers, eight network-affiliated television stations, two New York City radio stations and more than 40 Web sites, including NYTimes.com, Boston.com and About.com. For the fifth consecutive year, the Company was ranked No. 1 in the publishing industry in Fortune's 2005 list of America's Most Admired Companies. The Company's core purpose is to enhance society by creating, collecting and distributing high-quality news, information and entertainment.

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CONTACT: The New York Times Company Catherine J. Mathis, 212-556-1981; E-mail: mathis@nytimes.com Toby Usnik, 212-556-4425; E-mail: usnikt@nytimes.com This press release can be downloaded from www.nytco.com

KEYWORD: NEW YORK FRANCE INTERNATIONAL EUROPE INDUSTRY KEYWORD: PUBLISHING ADVERTISING/MARKETING MANAGEMENT CHANGES SOURCE: The New York Times Company

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