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 ]
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Facebook plans to stop paying publishers to make news feed videos

According to publishing sources, the original Facebook Live deals, which evolved into live and VOD licensing arrangements with 300 video partners, are going away by the end of the year. The post Facebook plans to stop paying publishers to make news feed videos appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2017-12-13 00:00:00 UTC ]
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PW’s 10 Most-Read Religion Stories of 2017

Tate Publishing shuttering its doors, an outbreak of plagiarism, and an author’s account of life in the Westboro Baptist Church make up some of PW’s top religion and spirituality stories of 2017. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-12-13 00:00:00 UTC ]
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4th Estate snaps up Times columnist's 'moving' memoir

4th Estate will publish the "hopeful, humorous and moving" memoir from the Times columnist Melanie Reid. Continue reading at The Bookseller

[ The Bookseller | 2017-12-12 00:00:00 UTC ]
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Katy Waldman’s 10 Favorite Books of 2017

Manhattan Beach, by Jennifer Egan Read Laura Miller’s review of Manhattan Beach. Listen to Slate’s Audio Book Club discuss the book. Continue reading at Slate

[ Slate | 2017-12-12 00:00:00 UTC ]
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Study: Top publishers like The New York Times and The Washington Post lose $3.5 million a day to domain spoofing

Ads.txt is showing publishers that domain spoofing remains a big problem for their video ad businesses. The post Study: Top publishers like The New York Times and The Washington Post lose $3.5 million a day to domain spoofing appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2017-12-12 00:00:00 UTC ]
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Apple’s App of the Year Makes Sense If You've Been Paying Attention to the News

For a picture of what life was like in 2017, look no further than the apps, movies, books, and music that topped the App Store and iTunes charts. This week, Apple revealed the most popular titles that iOS users downloaded over the course of the year. In terms of media, the top choices weren’t... Continue reading at Slate

[ Slate | 2017-12-09 00:00:00 UTC ]
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Fox News and the New York Times led Facebook engagement last month

With Facebook and Google controlling the vast majority of digital ad revenue, all industry eyes are on which media companies perform best on those platforms. For Facebook, the rankings are always a yo-yo, with publishers’ engagement waxing and waning along with the frenetic news cycle and... Continue reading at Fast Company

[ Fast Company | 2017-12-08 00:00:00 UTC ]
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Nineteen first-timers make Bookseller 100

This year’s ton of book trade figureheads contains fresh faces, evergreens and returning inclusions, but most are united by a single concern: how the uncertain political climate will affect their business in the years to come. Continue reading at The Bookseller

[ The Bookseller | 2017-12-08 00:00:00 UTC ]
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Kinney celebrates 10 years of Wimpy Kid

Penguin Random House Children's held a breakfast at the Ritz to celebrate 10 years of publishing Jeff Kinney's Wimpy Kid novels, and to thank the retailers and journalists who have supported the series. Continue reading at The Bookseller

[ The Bookseller | 2017-12-05 00:00:00 UTC ]
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At Guadalajara: Four Views of International Trade and Publishing in the Time of Trump

Four specialists at Guadalajara Book Fair look at US-Mexican trade in the Trump era and bilingual English-Spanish publishing issues. The post At Guadalajara: Four Views of International Trade and Publishing in the Time of Trump appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-12-05 00:00:00 UTC ]
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Follett Corp. Names New CEO

Patrick Connolly has been tapped to succeed Ray Griffith as president and CEO of Follett Corp. He will join the company on January 2. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-12-04 00:00:00 UTC ]
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Get 'Getting Started with PowerShell' ($20 value) FREE for a limited time

Windows PowerShell is a task-based command-line shell and scripting language designed specifically for system administration. This ebook can teach you the fundamentals of PowerShell, enabling you to build reusable scripts and functions to automate administrative tasks with Windows. SEE ALSO: Get... Continue reading at Betanews

[ Betanews | 2017-12-04 00:00:00 UTC ]
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What's behind the Time Inc. takeover?

Time Inc. decided that if its famous magazine titles such as Time, People and Sports Illustrated were going to survive the wrenching shift from print publishing to digital viewership, the company couldn’t do it alone. And so Time agreed to be acquired by another magazine publisher, Meredith... Continue reading at Los Angeles Times

[ Los Angeles Times | 2017-11-28 00:00:00 UTC ]
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At Time Inc., a Jittery Reckoning on the Day After the Sale

Many employees of Times Inc. had been stunned by the news that the publisher had agreed to sell itself to the Meredith Corporation. Continue reading at The New York Times

[ The New York Times | 2017-11-28 00:00:00 UTC ]
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Time Inc. and Meredith Merger Raises Important Questions for Magazine Media

Does a changing industry paradigm mean opportunity or peril for publishers? The post Time Inc. and Meredith Merger Raises Important Questions for Magazine Media appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2017-11-28 00:00:00 UTC ]
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Meredith says Koch brothers will not have control after helping finance Time acquisition

Magazine publisher and broadcast company Meredith Corp. is acquiring Time Inc. in a deal valued at $2.8 billion as it seeks to adapt to the publishing industry’s challenge of migrating from print to the digital age. The Des Moines-based company said Sunday it would pay $18.50 a share for New... Continue reading at Los Angeles Times

[ Los Angeles Times | 2017-11-28 00:00:00 UTC ]
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Hearst Magazines UK CEO James Wildman: ‘The media world is turning into a messy place’

"When I arrived, nothing was broken. We had all the raw materials -- strong brands and great journalists -- but it felt like a bowl of spaghetti." The post Hearst Magazines UK CEO James Wildman: ‘The media world is turning into a messy place’ appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2017-11-27 00:00:00 UTC ]
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Conservative billionaire Koch brothers give $650m to help Meredith buy Time

Texans will not get a say in editorial decisions, says Meredith, as it hails ‘transformative’ deal to merge magazine stablesMeredith Corporation has announced that it is buying the Time Inc publishing group in a “transformative” $1.8bn deal that joins two huge magazine companies. Meredith, which... Continue reading at The Guardian

[ The Guardian | 2017-11-27 00:00:00 UTC ]
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‘Their own media megaphone’: what do the Koch brothers want from Time?

The company’s decline is readily apparent – but if the billionaire brothers’ other interests are a guide, their investment will be about more than moneyThat Charles and David Koch are putting $650m into Meredith Corp’s purchase of Time would ordinarily be cause for great soul-searching in media.... Continue reading at The Guardian

[ The Guardian | 2017-11-27 00:00:00 UTC ]
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