Megan Liberman to Leave Yahoo News After Sale

Megan Liberman - P 2015
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Megan Liberman - P 2015

The 'New York Times' veteran joined Yahoo News as editor-in-chief in 2013.

The top editor at Yahoo News plans to leave the internet company after its planned sale to Verizon is completed, a Yahoo spokeswoman has confirmed to The Hollywood Reporter.

Megan Liberman, a New York Times veteran who has served as Yahoo News editor-in-chief since 2013, announced her planned departure to staff on Friday. In a statement provided to THR, Liberman said, "I am incredibly proud of the team that I built and the work they produced. I wish the new company all the best going forward."

CNNMoney, which first reported that Liberman would be leaving Yahoo, published an excerpt from her letter to the staff. In it, she writes, "Before coming to Yahoo, I had been fortunate to work with incredibly talented journalists and do consequential work, but I have never been prouder in my professional life than I have been of leading this team and of the work you have produced."

Liberman was hired at Yahoo under chief marking officer Kathy Savitt and built up a team of journalists with financial and political reporting experience, including Matt Bai and Michael Isikoff. "We want to be known as the destination that you turn to when big things are happening," she told THR in 2015 when she was named to THR's 35 Most Powerful People in New York Media list. In 2015, she began reporting to former Time Inc. editor-in-chief Martha Nelson, who had previously joined Yahoo to run its digital magazines business, when Nelson assumed oversight of all media following the departure of Savitt.

A number of Yahoo executives are expected to depart the company following the sale, including CEO Marissa Mayer, CFO Ken Goldman and chief revenue officer Lisa Utzschneider. AOL CEO Tim Armstrong, who will lead the combined AOL-Yahoo division, laid out his leadership team in a memo to staff in April. It includes a mix of executives from both companies.

Verizon announced its plans to buy Yahoo last year after a monthlong bidding process. But the deal has been held up by two large security breaches at Yahoo. The telecom giant ultimately cut its purchase price from $4.8 billion to $4.48 billion and said that the deal would close during the second quarter of this year, which ends on June 30.