Categories: OLD Media Moves

NYTimes biz reporter accepts buyout

David Cay Johnston, a New York Times business reporter who won a Pulitzer Prize in 2001 for writing about taxes, has accepted a buyout offer from the paper, according to an AP story.

The AP story stated, “Johnston has covered taxation issues for the Times since his arrival in 1995. A best-selling author, he opted to leave to concentrate on writing books, long-form magazine articles and documentaries.

“‘There’s some sadness about it,’ he said by phone from his home in suburban Rochester. ‘Flaws and all, there’s no newspaper in the league of The New York Times. I’m happy with the Times and they’re happy with me, but it’s just time for me to do something else.’

“His last two books, beginning in 2004 with ‘Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich — and Cheat Everybody Else,’ show how taxes, subsidies and regulatory policies in the United States ‘take from the many to give to the already superrich,’ Johnston said.

“In this year’s ‘Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense and Stick You With The Bill,’ Johnston writes that government policies from 1945 to 1980 aimed to develop and nurture the middle class via such projects as the GI. Bill, interstate highways and 30-year mortgages.”

Read more here.

Recent Posts

Dynamo hires former Business Insider executive editor Harrington

Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…

7 hours ago

Bloomberg TV hires Kerubo as desk producer

Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…

7 hours ago

Jittery CNBC staff reassured by new boss

In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…

8 hours ago

Making business news accessible to a wider audience

Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…

8 hours ago

Rest of World hires Lo as China reporter

Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…

8 hours ago

Bloomberg rises to No. 7 biz news website

Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…

8 hours ago