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

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Napack Named CEO of Wiley

Brian Napack, who has served in a host of corporate positions including as president of Macmillan, will start at John Wiley on December 4. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-10-17 00:00:00 UTC ]
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Frankfurt Book Fair 2017: Penguin Random House CEO Markus Dohle's Full Remarks

The head of Penguin Random House explains his belief that the global book business is doing better today than at any point in the last 50 years. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-10-15 00:00:00 UTC ]
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Frankfurt Book Fair 2017: It’s Time to Fix Fair Dealing in Canada

Demand for Canadian educational content remains high, however the ongoing supply of Canadian learning resources remains uncertain after a 2012 change to copyright law. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-10-13 00:00:00 UTC ]
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Frankfurt CEO Talk: Defending Freedom to Publish and Role of Publishers

Defending freedom to publish, Frankfurt's CEO Talk featured Simon & Schuster CEO Carolyn Reidy and Albin Michel VP Guillaume Dervieux. The post Frankfurt CEO Talk: Defending Freedom to Publish and Role of Publishers appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-10-12 00:00:00 UTC ]
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Frankfurt Book Fair 2017: CEOs Share Views on Internationalization, Digital, and More

Carolyn Reidy, CEO of Simon & Schuster, and Guillaume Dervieux, CEO of Albin Michel Group, took the stage for the Frankfurt Book Fair’s annual “CEO Talk." Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-10-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #carolyn reidy #simon schuster #guillaume dervieux


Dan Brown's Origin makes a strong start in UK bookshops

Although not quite the sensation of previous Robert Langdon thrillers, The Da Vinci Code author’s latest mystery sold 100,000 copies in its first week Dan Brown’s mastery of something like a code for bestsellers has returned to cheer UK booksellers, with more than 100,000 copies of his latest... Continue reading at The Guardian

[ The Guardian | 2017-10-11 00:00:00 UTC ]
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Tuesday at Frankfurter Buchmesse: The Markets in Time of Change

Tackling what agent Andrew Wylie calls "a profound moral question" for world publishing and more, The Markets is an issues-driven conference for a sharply relevant business in world dynamics. The post Tuesday at Frankfurter Buchmesse: The Markets in Time of Change appeared first on Publishing... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-10-09 00:00:00 UTC ]
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HarperCollins makes a splash with Baron's underwater tale

HarperCollins has bought three books from crime writer Adam Baron, including his middle-grade debut, following a “significant pre-emptive” deal. Continue reading at The Bookseller

[ The Bookseller | 2017-10-07 00:00:00 UTC ]
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One Book Fair to Another: Karachi Makes Its Case at Frankfurter Buchmesse

In a market of 197 million people and a strong youthful contingent, Pakistan's industry is looking to expand December's Karachi International Book Fair. The post One Book Fair to Another: Karachi Makes Its Case at Frankfurter Buchmesse appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-10-07 00:00:00 UTC ]
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Why serious literary fiction like Ishiguro’s is vital in times like these | Alice O’Keeffe

In our digital age, Kazuo Ishiguro’s Nobel prize is a reminder that it is still novels that ask the biggest questionsIt’s always entertaining to observe the interaction between the news media and a writer who has just won the Nobel prize. The all-time best was obviously Doris Lessing, who when... Continue reading at The Guardian

[ The Guardian | 2017-10-06 00:00:00 UTC ]
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Five thrives: Jamie Oliver makes it six weeks at the top

Jamie Oliver’s 5 Ingredients—Quick & Easy Food (Michael Joseph) has breezed into a sixth week as the UK Official Top 50 number one. Continue reading at The Bookseller

[ The Bookseller | 2017-10-05 00:00:00 UTC ]
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Get 'Coding for Dummies' ($16 value) FREE for a limited time

No coding experience is required for Coding For Dummies, your one-stop guide to building a foundation of knowledge in writing computer code for web, application, and software development. Using foundational web development languages like HTML, CSS, and JavaScript, it explains in plain English... Continue reading at Betanews

[ Betanews | 2017-10-03 00:00:00 UTC ]
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'News Geek' Google CEO Appeases Publishers With End to 'First Click Free'

A few years ago, Google regularly traded barbs with major news publishers in public. Today, Google is rewiring its search engine to appease them.The Alphabet unit is scrapping a contentious search result rule for subscription news sites and giving them new tools to attract more paying customers.... Continue reading at Advertising Age

[ Advertising Age | 2017-10-02 00:00:00 UTC ]
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Sceptre to translate Wells' German bestseller into English for first time

Sceptre is publishing Benedict Wells' German bestseller The End of Loneliness in March 2018, marking his English-language debut. Continue reading at The Bookseller

[ The Bookseller | 2017-09-29 00:00:00 UTC ]
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Lantana and Peepal Tree make £10k independent press prize shortlist

The Clarissa Luard Award for Independent Publishers has been revealed with Lantana Publishing, Little Toller Books, Peepal Tree Press and Penned in the Margins all in the running for the £10,000 prize. Continue reading at The Bookseller

[ The Bookseller | 2017-09-29 00:00:00 UTC ]
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E-book Sales Up in in May, for First Time in Two Years

E-book sales at trade houses rose 2.4% in May 2017 for the first time since 2015, according to new figures released by the Association of American Publishers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-09-28 00:00:00 UTC ]
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Sylvia Plath's bikini shot: it's time to stop sexualising a serious author to sell books | Cathleen Allyn Conway

The UK cover of a new collection of letters is only the latest to show the acclaimed poet as blond, beaming and in a skimpy outfit. But presenting female writers as mere sex symbols diminishes their literary achievementsOn the US cover of Sylvia Plath’s Collected Letters, a volume out this week... Continue reading at The Guardian

[ The Guardian | 2017-09-28 00:00:00 UTC ]
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Time Inc UK, publisher of NME and Marie Claire, to be put up for sale

Parent company Time Inc seeks to sell several assets after revenue from both sales and advertising fell more than expectedThe publisher of magazines including Marie Claire, NME, Wallpaper and TV Times is being put up for sale by its American owner.Time Inc said on Friday it was looking to sell... Continue reading at The Guardian

[ The Guardian | 2017-09-22 00:00:00 UTC ]
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The Business of Making E-books Free

A partnership between MIT Press and the Internet Archive is digitizing important books from the press’s backlist and making them available to library patrons for free. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-09-22 00:00:00 UTC ]
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