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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Max Porter on Sunday Times/ PFD Young Writer shortlist

Granta editorial director Max Porter is among three debut authors shortlisted for The Sunday Times/ Peters Fraser and Dunlop Young Writer of the Year award. Continue reading at The Bookseller

[ The Bookseller | 2016-11-08 00:00:00 UTC ]
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B&N Is Leaving the Bronx. Locals Are Trying, Again, to Make Chain Stay.

Barnes & Noble announced for the second time in two years that it will close its Bronx location. But local officials have gotten the chain, which provides the borough's only bookstore, to commit to reopening a store in the community. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-11-04 00:00:00 UTC ]
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'New York Times Book Review' Announces Best Illustrated Children's Books of 2016

The 'New York Times Book Review' has revealed the 10 titles on its 64th annual list of Best Illustrated Children's Books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-11-03 00:00:00 UTC ]
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Time Inc.'s Last Employees in Midtown Are Moving Out

Time Inc. is finally leaving midtown Manhattan. The company will vacate an office space at 135 West 50th Street "before the end of the year," a company spokeswoman confirmed to Ad Age.Last year, Time Inc. left the iconic Time & Life Building in Rockfeller Center for a shiny new office... Continue reading at Advertising Age

[ Advertising Age | 2016-11-01 00:00:00 UTC ]
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Ghouls on film: the making of a prank video

Literary agent Peter Cox on the story behind a spooky Halloween video for Michelle Paver's Thin Air. Continue reading at The Bookseller

[ The Bookseller | 2016-11-01 00:00:00 UTC ]
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AT&T and Time Warner hope to break the cycle of failed mergers

AT&T’s blockbuster bid for Time Warner Inc. might be a boon for investment bankers, lawyers and lobbyists, but it is anyone’s guess whether investors, employees and consumers ultimately would benefit from the combination. Since the $85.4-billion deal was unveiled last weekend, AT&T Chief... Continue reading at Los Angeles Times

[ Los Angeles Times | 2016-10-28 00:00:00 UTC ]
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Creative Industries Federation makes its Brexit recommendations

Reform of the migration system to enable easy access to critical skills and talent from both EU and non–EU countries is a key recommendation of a new report on Brexit from the Creative Industries Federation. Continue reading at The Bookseller

[ The Bookseller | 2016-10-28 00:00:00 UTC ]
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BuzzFeed CEO Jonah Peretti talks Facebook Live and Ivanka Trump

Whether it’s through building a food-porn empire or extending its breaking-news content internationally, BuzzFeed has ambitious global expansion plans. This week, founder Jonah Peretti was promoting the company in Japan, which he claims is BuzzFeed’s fastest growing international market. Digiday... Continue reading at Digiday

[ Digiday | 2016-10-27 00:00:00 UTC ]
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How one Kiwi author is making $200,000 a year publishing romance novels online

She's a USA Today bestselling author who sells up to 300 books a day and has droves of fans in America – but you won't find Kiwi Leeanna Morgan's name in New Zealand's literary annals. Continue reading at Stuff

[ Stuff | 2016-10-27 00:00:00 UTC ]
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Join Digiday, The New York Times and Keywee in NYC on Thurs. for the future of publishing

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[ Digiday | 2016-10-26 00:00:00 UTC ]
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Making Content Marketing Work For You

POP's Joe McCambley on what publishers large and small are missing. The post Making Content Marketing Work For You appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-10-26 00:00:00 UTC ]
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Wall Street's verdict on AT&T-Time Warner deal: Thumbs down

Shares of AT&T Inc. and Time Warner Inc. were down Monday as investors didn’t appear thrilled by the proposed mega-merger announced over the weekend.  In response to the $84.5-billion deal, Moody’s Investor Service said Monday it had placed AT&T’s credit rating on review for a possible... Continue reading at Los Angeles Times

[ Los Angeles Times | 2016-10-25 00:00:00 UTC ]
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If AT&T swallows Time Warner, who might be gobbled up next?

Wall Street gave a cool reception Monday to AT&T’s plan to buy Time Warner Inc., illustrating sharply divergent views on whether the blockbuster deal will usher in a new era of media consolidation or merely more scrutiny from federal regulators. But the uncertainty didn’t stop some analysts... Continue reading at Los Angeles Times

[ Los Angeles Times | 2016-10-25 00:00:00 UTC ]
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NAIBA 2016: Children's Authors, Editors, Young Booksellers Make for an Energetic Show

Booksellers and publishers alike were inspired by the number of younger booksellers who attended the New Atlantic Independent Booksellers Association fall conference. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-10-25 00:00:00 UTC ]
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It's Time to Fix the Viewability Tower of Babel

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[ Advertising Age | 2016-10-24 00:00:00 UTC ]
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Donald Trump says he would block an AT&T-Time Warner merger if elected; deal could come Saturday

Republican presidential nominee Donald Trump said Saturday that his administration would seek to block a massive media merger between AT&T and Time Warner Inc. if he is elected president. The deal, which appears to be imminent, would turn telephone giant AT&T, a company already valued at... Continue reading at Los Angeles Times

[ Los Angeles Times | 2016-10-22 00:00:00 UTC ]
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Donald Trump says he'd block any mergers between AT&T; and Time Warner

Campaign 2016 updates: Donald Trump says Donald Trump says women accusing him 'will be sued after the election is over' Oct. 22, 2016, 11:42 a.m. Donald Trump hits the campaign trail in Gettysburg, Pa., while Hillary Clinton is in Philadelphia. Trump says of women accusers will be sued after the... Continue reading at Los Angeles Times

[ Los Angeles Times | 2016-10-22 00:00:00 UTC ]
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Frankfurt Book Fair 2016: Bonnier CEO Touts Stories, People

Jacob Dalborg, CEO of Bonnier, was the featured speaker during the CEO panel where he talked about the plans the Swedish publisher has for the future. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-10-20 00:00:00 UTC ]
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Books of The Times: Review: In ‘The Arab of the Future 2,’ Back to Syria in 1984

The cartoonist Riad Sattouf; the second volume of his graphic memoir has just been published. Continue reading at The New York Times

[ The New York Times | 2016-10-20 00:00:00 UTC ]
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One-Time Lad Mag FHM Is Back! But Only Online, and Aiming a Little Higher

Media brands never really die, even when they stop publishing.It's been about 10 years since FHM, a formerly high-flying "lad mag" originally known as For Him Magazine, stopped publishing a print edition in the U.S. But Bauer Xcel Media, which took over FHM's website when the U.K. edition of the... Continue reading at Advertising Age

[ Advertising Age | 2016-10-18 00:00:00 UTC ]
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