WASHINGTON - The new CEO of The Washington Times has formed a five-person senior leadership team to run the daily operations of the newspaper.

The Times reported ( http://bit.ly/TuBDE4) Wednesday that in his second day on the job, Larry Beasley announced a new strategy to reach profitability. He said he is committed to keeping The Times as a five-day-a-week print publication, while expanding its digital-first publishing capabilities.

Beasley also announced that Ed Kelley, the top editor for 18 months, has stepped down. A search is under way for a new editor. The newsroom will report to managing editor Christopher Dolan in the meantime.

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Information from: The Washington Times, http://www.washtimes.com

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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