Larry Beasley, The Washington Times’ new chief executive officer, moved quickly to name his own leadership team and set the 30-year-old newspaper on an unambiguous path toward profitability...

Mr. Beasley formed a new five-person senior leadership team that will run the day-to-day operations of the newspaper, which has more than 100,000 daily and weekly print subscribers nationwide and about 6 million monthly readers online. He also announced that the paper’s current editor, Ed Kelley, is stepping down to pursue other opportunities. Mr. Kelley has served 18 months in the top editor’s position.