This transcript is automatically generated
Involving a new executive Dennis -- Joins us now Dennis hello actually you know it's always awkward in the media when you have to do a story on yourself.
Even more awkward when the story involves your new CEO.
And allegations of a cover up of a child abuse scandal at his previous job the new York times company getting clobbered today the stock down 19% -- let's.
On a surprise operating loss of revenue miss downturn -- on line ads but the bigger problem may be this.
Next month a new CEO joins the company Mark Thompson.
A long time BBC veteran with no newspaper experience now some critics and even the New York time to go public on -- been.
Are requesting the appointment asking what did Thompson now about BBC's discovering this story on allegations that a popular BBC host.
Jimmy -- reveal who died in December you see and hear.
That he had molested more than 200 young girls over several decades.
-- -- he knew nothing of the molestation allegations he didn't know the BBC killed exposes.
He may get called to testify on the matter before the UK parliament now all of this a big distraction.
For New York Times chairman Arthur Sulzberger junior the -- on of punch sold murder patriarch.
Of apparently the controls the times now the younger pinch Sulzberger to nickname he -- Has been publisher of the time since 1992 chairman since 97.
Presiding over a long downward slide Thompson would be the first outsider ever hired to run this insular family company.
And clearly it does need someone's help -- quarterly results out today kind of bleak company's third quarter showing a decline in revenue 85% drop in net.
An operating loss.
I declined even an online ads that are supposed to be.
Growth engine actually.
Alright Dennis thank you very much you know this whole story that Jimmy sample -- you know use of popular.
Host of a couple of TV shows he died last year the age of 84 and this isn't huge story in the UK and -- you -- what I did Top of the Pops which was a music program like an American Bandstand and and he had -- -- -- they had -- -- -- -- did you have a trademark white -- hair and smoked a -- little -- but is absolutely devastating -- -- -- -- -- -- -- since his -- -- --