Both have built huge news operations across the world that pride themselves on objective reporting, while being assailed by outsiders for a perceived liberal bias. Both have a public service mission at their core.
Both, in their different ways, have been pioneers on the internet, the New York Times having built by far the richest American newspaper website and a powerful brand that has expanded across the US and now has ambitions internationally.
And both are facing a harsh squeeze on their revenues. Thompson made big cuts at the BBC and forced reporters to work across more of the broadcaster's platforms.
At the Times, falling advertising revenues have cancelled out the benefits of introducing a paywall on the website, and its shares are bumping along at all-time lows. Ed Atorino, analyst at Benchmark Company, who monitors media shares, is not a fan of the appointment.
"The fact is he's British and he's not a print guy, and there are a lot of prima donna reporters at the paper, the cream of the crop. Will he speak their language? Can he have an immediate impact? He'll face a lot of problems with strong print unions, he inherits a declining print business, he has to deal with very difficult competitive and economic conditions."
Thompson has spent almost his entire career in public broadcasting, almost all of that at the BBC. His impending arrival has been greeted with a mix of caution and even optimism in the newsroom. The talk from management was not of grim cuts but of the exciting digital future and Thompson's strong record in moving the BBC online. The fact that the Olympics, streamed in their entirety online, were a triumph - in contrast to the terrible reception NBC's sporadic coverage received in the US - helped boost his stock.
"The Times needs to be transformed and people are more receptive to an outsider than they would have been five years ago," says Reed Phillips of media-focused investment bank DeSilva & Phillips. "The rank and file are looking for someone to take charge and show them the way to the future. The New York Times is clearly looking for a change agent, and for a pretty dramatic transformation away from print."
- Independent