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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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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Parents shun storytime for screen time, study shows

Parents are spending four times the amount of time engaging with screens than they are reading to their children, research has revealed. Continue reading at The Bookseller

[ The Bookseller | 2017-09-19 00:00:00 UTC ]
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The UK’s Publishers Commit to a Workforce Diversity Program’s 10-Point Action Plan

In its program to change the makeup of the UK book business workforce, British publishers have taken the lead in international inclusivity efforts. The post The UK’s Publishers Commit to a Workforce Diversity Program’s 10-Point Action Plan appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-09-19 00:00:00 UTC ]
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The UK’s Publishers Formally Commit to a Workforce Diversity Program’s 10-Point Action Plan

In its program to change the makeup of the UK book business workforce, British publishers have taken the lead in international inclusivity efforts. The post The UK’s Publishers Formally Commit to a Workforce Diversity Program’s 10-Point Action Plan appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-09-19 00:00:00 UTC ]
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Get WinX MediaTrans -- an iTunes alternative for Windows -- FREE for a limited time ($59.95 value)

WinX MediaTrans is a fast and easy to use iTunes alternative for Windows that lets you manage content on your iPhone/iPad/iPod. No iTunes or Apple ID needed, and no file erasing risk. The software, from Digiarty WinXDVD, usually retails for $59.95, but BetaNews readers can get it entirely free... Continue reading at Betanews

[ Betanews | 2017-09-18 00:00:00 UTC ]
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10 Creepy Psychological Thrillers

Jane Robins, author of the engrossing and creepy novel, 'White Bodies,' picks 10 of her favorite psychological thrillers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-09-15 00:00:00 UTC ]
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New £10 Jane Austen note hits the streets

The new £10 note featuring novelist Jane Austen has entered circulation replacing that featuring Charles Darwin. Continue reading at The Bookseller

[ The Bookseller | 2017-09-15 00:00:00 UTC ]
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Apple iBooks Category Bestsellers, September 10, 2017

The bestselling iBooks in mystery, romance, sci-fi, biography, fiction, and more for the week ended September 10, 2017. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-09-15 00:00:00 UTC ]
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Time Taps Ed Felsenthal, Digital Editor, to Succeed Nancy Gibbs as EIC

The Daily Beast and Wall Street Journal veteran will become the magazine's 18th editor-in-chief. The post Time Taps Ed Felsenthal, Digital Editor, to Succeed Nancy Gibbs as EIC appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2017-09-14 00:00:00 UTC ]
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Kirkus Collections wants to make it easier to find YA books that reflect America

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[ Fast Company | 2017-09-13 00:00:00 UTC ]
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Pan Mac makes ebooks available to schools

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[ The Bookseller | 2017-09-13 00:00:00 UTC ]
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Worthy Publishing CEO Named Chair of ECPA

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[ Publishers Weekly | 2017-09-12 00:00:00 UTC ]
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Owner of High Times Acquires LGBT Magazines Out and The Advocate

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[ Folio Magazine | 2017-09-11 00:00:00 UTC ]
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Dodgers backup Austin Barnes could see more time at catcher as playoffs approach

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[ Los Angeles Times | 2017-09-09 00:00:00 UTC ]
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10 Epic Page-Turning Novels

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[ Publishers Weekly | 2017-09-08 00:00:00 UTC ]
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Kalmbach Publishing Names Dan Hickey CEO | People On the Move

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[ Folio Magazine | 2017-09-07 00:00:00 UTC ]
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[ The Christian Science Monitor | 2017-09-06 00:00:00 UTC ]
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[ Publishers Weekly | 2017-09-01 00:00:00 UTC ]
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