Timothy Knight has resigned as publisher of the suburban New York newspaper Newsday, he told staff in a note Wednesday.
"Now is the right time to let others move our business forward," Knight wrote. "I have decided to resign as Publisher," he said.
Knight said Terry Jimenez was appointed acting publisher. Jimenez is publisher of amNewYork, a related paper distributed for free in New York City.
Newsday spokeswoman Deidra Parrish Williams thanked Knight for his service, saying he helped "navigate the paper through one of its darkest chapters."
"We are grateful for Tim's service. His numerous contributions will benefit Newsday for years to come," she said in a staff note. She declined to comment further.
Knight was publisher for five years. His resignation comes after several rounds of job cuts at the Long Island newspaper struggling with declining circulation and a downturn in advertising revenue made worse by the recession.
Cablevision, which bought the newspaper last summer, reported in July that Newsday had an operating loss of $2.6 million.
Newsday was established in 1940 as one of the nation's first daily suburban newspapers.
