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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Mackintosh and de Waal make inaugural Glass Bell Award longlist

Kit de Waal, Clare Mackintosh and C E Morgan are some of the authors competing on the longlist for the inaugural £2,000 Goldsboro Books Glass Bell Award, which celebrates contemporary fiction. Continue reading at The Bookseller

[ The Bookseller | 2017-07-01 00:00:00 UTC ]
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Digital Solutions in India 2017: A Time to Embrace Uncertainties and Inconsistencies

The digital solutions industry is very much a product of its time. Its end consumers—especially those who tote mobile devices and demand information on the go—are the ones whose changing preferences have created such disruptive companies as Airbnb, GoFundMe, Snapchat, and Uber. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-06-30 00:00:00 UTC ]
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Scholastic sells Woods' debut to 10 territories

Scholastic UK has bought two books from Australian writer Matilda Woods and has sold her debut to 10 territories. Continue reading at The Bookseller

[ The Bookseller | 2017-06-30 00:00:00 UTC ]
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10 Books That Puzzle the Reader

N.J. Campbell, author of the mind-bending new novel, 'Found Audio,' picks 10 delightfully puzzling books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-06-30 00:00:00 UTC ]
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10 best books of June: the Monitor's picks

June books are summer books, but that doesn't mean they're not intelligent. Here are 10 new titles that the Monitor's book critics found to be good blends of entertainment and smarts. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2017-06-30 00:00:00 UTC ]
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ITV makes Vanity Fair with Amazon and Mammoth Screen

ITV is making a seven-part drama Vanity Fair with Amazon Studios and production company Mammoth Screen. Continue reading at The Bookseller

[ The Bookseller | 2017-06-29 00:00:00 UTC ]
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'How to Switch a Country Off': Wired's New Cyberattack Cover Is Scary-Perfectly Timed

Ad Age "Media Guy" columnist Simon Dumenco's media roundup for the morning of Wednesday, June 28:Today's accidental theme is ... print media. Seriously. Though faithful readers of this daily media scan know that it's not unusual for me to offer a glimpse of a newspaper front page or magazine... Continue reading at Advertising Age

[ Advertising Age | 2017-06-28 00:00:00 UTC ]
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Get 'Modern JavaScript' ebook ($19 value) FREE for a limited time

It’s not uncommon these days to see people complaining about how complex JavaScript development seems to have become. If you’re learning JS, it won’t take long for you to be exposed to the enormity of the ecosystem and the sheer number of moving pieces you need to understand (at least... Continue reading at Betanews

[ Betanews | 2017-06-28 00:00:00 UTC ]
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Hachette Children's signs 'timely' youth political guide

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[ The Bookseller | 2017-06-24 00:00:00 UTC ]
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It’s time to be bold

On my various travels around the world, I find myself dwelling repeatedly in these troubled times about the social and economic value of books and how we as an industry could be doing more to promote this collectively. Continue reading at The Bookseller

[ The Bookseller | 2017-06-23 00:00:00 UTC ]
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Heyday Books, 'L.A. Times' Partner on Anti-Trump Book

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[ Publishers Weekly | 2017-06-23 00:00:00 UTC ]
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Mahey-Morgan: Diverse stories important in current 'dark times'

Diverse stories in today’s “dark times” have never been more important, Crystal Mahey-Morgan, founder of OWN IT! said at the launch of No Place To Call Home. Continue reading at The Bookseller

[ The Bookseller | 2017-06-22 00:00:00 UTC ]
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Bauer's Australia boss quits, replaced by New Zealand CEO, after Rebel Wilson defamation case

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[ Stuff | 2017-06-21 00:00:00 UTC ]
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Get 'The Essential Job Interview Handbook' ($8.50 value) FREE for a limited time

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[ Betanews | 2017-06-20 00:00:00 UTC ]
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Get 'How to Measure Anything in Cybersecurity Risk' ebook ($29 value) FREE for a limited time

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[ Betanews | 2017-06-19 00:00:00 UTC ]
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The Top 10 Most Challenged Books of 2016

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[ Publishers Weekly | 2017-06-16 00:00:00 UTC ]
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The 10 Best John Ashbery Poems

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[ Publishers Weekly | 2017-06-16 00:00:00 UTC ]
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Magazine publisher Time Inc. cutting 300 jobs globally

Magazine publisher Time Inc. says it's cutting 300 jobs via buyouts and layoffs as it struggles to adjust to an increasingly digital world Continue reading at ABC News

[ ABC News | 2017-06-14 00:00:00 UTC ]
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[ AdWeek | 2017-06-14 00:00:00 UTC ]
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Why Time, Conde Nast and other magazine publishers are charging into brand licensing

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[ Digiday | 2017-06-13 00:00:00 UTC ]
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