A month after the Bay Citizen's editor-in-chief resigned, the paper's $400,000 CEO, Lisa Frazier, announced she, too, will be stepping down.
The Bay Citizen reported the news Friday afternoon, explaining how Frazier said she was leaving for personal reasons, though she will remain on the Board of Directors.
"I set out to transform an idea into a reality and to build the
foundation for that reality to continue," Frazier was quoted saying in the Bay Citizen. "I've created
jobs in a field of journalism that is disappearing, in a recession ... in a way that has a sustainable infrastructure."
Frazier launched the newspaper with its founder, Warren Hellman, 18 months ago. Together, they raised $17.5 million to start the Bay Area online newspaper, which also publishes the Bay Area section of the New York Times.
In September, Jonathan Weber, abruptly resigned as the paper's first editor-in-chief, announcing that he would take a job as the West Coast Bureau Chief for Reuters.
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