New NY Times CEO could make $10.5M

The New York Times Co. named former BBC director general Mark Thompson as its new CEO earlier this week, and now comes word that he will receive a pay package totaling as much as $10.5 million, including an annual salary of $1 million, according to Bloomberg News. Mr. Thompson, who was previously the British Broadcasting Corp.'s director general, can make as much as $4.5 million from his signing bonus, $2 million in annual incentives and $3 million in long-term incentives, Bloomberg News reported. The 161-year-old publisher, faced with declining advertising revenue from its print editions, has been trying to boost revenue from digital products. Last year, it began charging for online access to The New York Times and The Boston Globe newspapers. The company hopes Mr. Thompson can help revive sales growth and accelerate a shift to the Internet, Bloomberg News said. The new pay package is a raise for Mr. Thompson, who had reportedly received $976,000 in total compensation for his most recent year at the BBC. Bloomberg News contributed to this article. Continue reading at 'Crains New York'

[ Crains New York | 2012-08-18 00:00:00 UTC ]
News tagged with: #print editions #boost revenue #digital products #online access

Other Publishing stories related to: 'New NY Times CEO could make $10.5M'

New NY Times CEO could make $10.5M

[ Crains New York | 2012-08-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #print editions #boost revenue #digital products #online access

Transit time is learning time with Headway, now an extra $10 off

Travel is all about broadening your horizons. But when you’re at the airport, stuck in a cab, or on a train, it can feel pretty restricting. Transit time is a great time to catch up on your reading, though, and when you have Headway, you can access a world of learning right from your... Continue reading at PC World

[ PC World | 2023-09-22 08:00:00 UTC ]
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Time Warner names Joseph Ripp CEO of Time Inc.

Time Warner Inc. has named Joseph Ripp the next CEO of Time Inc., resolving one big question as the publishing unit prepares to strike out on its own but surprising observers who had bet on another candidate.Mr. Ripp is CEO of OneSource Information Services, a business information provider. He... Continue reading at Crains New York

[ Crains New York | 2013-07-22 00:00:00 UTC ]
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Time Warner Names Joe Ripp CEO of Time Inc.

Ripp is a Time Inc. veteran, working at the magazine company from 1985 until 1999, serving as CFO from 1993. In 1999 he became CFO of Time Warner Inc. until its merger with America Online. Continue reading at AllThingsD

[ AllThingsD | 2013-07-22 00:00:00 UTC ]
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Gerald Levin, the former Time Warner CEO who engineered a disastrous mega-merger, is dead at 84

Gerald Levin, who led Time Warner Media into a disastrous $182 billion merger with the internet provider America Online, has died at the age of 84 Continue reading at ABC News

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10 Bookish Jigsaw Puzzles For All Your Audiobook Reading Time

If your fingers are itching to put together a puzzle and you're delighted by bookish things, get into these bookish jigsaw puzzles.- Jamie Canaves Continue reading at Book Riot

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10 Books to Make You a Better Writer

Seasoned author and writing mentor Beth Kempton shares 10 books that will improve your craft. Continue reading at Publishers Weekly

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What Do 10 Years of the New York Times Young Adult Bestseller Lists Say About YA?

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10 Slice-of-Life Romance Manga to Make You Smile

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Hachette makes Times' Top 50 Employers for Women for second year

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Review: A family travel memoir makes a timely pitch for personal risk

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10 New Horror Manga To Read in Time for Halloween

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Hachette UK makes Times list of top employers for women

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[ The Bookseller | 2020-07-29 15:13:59 UTC ]
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Porter, Ellmann and Cumming make £10,000 RSL Ondaatje Prize longlist

Laura Cumming, Max Porter and Lucy Ellmann have been longlisted for this year's £10,000 Royal Society of Literature Ondaatje Prize, rewarding fiction, non-fiction or poetry – which best evokes the spirit of a place. The RSL is promoting the list on social media this afternoon, showcasing each... Continue reading at The Bookseller

[ The Bookseller | 2020-03-26 04:38:34 UTC ]
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Refinery29 Brings in Ex-Nylon Editor, TIME Makes 3 More Hires | People on the Move

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It's a Great Time to Buy a Kindle (and 10 More Tech Deals)

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[ Wired | 2019-09-21 11:00:00 UTC ]
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Make summer last longer with the 10 best books of August

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[ The Christian Science Monitor | 2019-08-12 18:22:23 UTC ]
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