Exclusive: Leaf Group CEO Steps Down As the Publisher Faces Financial Woes

Ownership group Graham Holdings Company said it ‘overpaid’ to acquire the company in 2021

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The chief executive of Leaf Group, Sean Moriarty, stepped down from the role after nine years last week as the media company faces financial headwinds and pressure from its ownership group, Graham Holdings Company, to reverse its commercial struggles, according to people familiar with the matter.

A spokesperson for Graham Holdings Company, Pinkie Mayfield, confirmed the departure.

Moriarty will be replaced on an interim basis by Timothy J. O’Shaughnessy, the president and CEO of Graham Holdings Company and the husband of Laura Graham O’Shaughnessy, the granddaughter of Katharine Graham, the former publisher of The Washington Post.

Moriarty has served as CEO of Leaf Group since 2014, where he played an instrumental role in reinventing the media company once known as Demand Media. 

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