In a memo to U-T San Diego staff, President Mike Hodges announced that he would be taking over day-to-day operations in place of CEO John Lynch, who would be managing new mergers. Lynch followed with a memo implying it may only be temporary.
Hodges’ also announced there would be other management changes after the paper failed to hit financial goals.
I obtained the text of both memos. Here’s Hodges':
Throughout 2014, we plan to continue to expand our media portfolio in San Diego and beyond. Beginning today, Papa Doug has assigned our Vice Chairman and CEO, John Lynch, to focus on our M&A work and bringing these deals to fruition.Papa Doug has assigned me to run our day to day operations.
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