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 Making of 'To the Bright Edge of the World': Eowyn Ivey Talks with Her Editors

Pulitzer finalist Eowyn Ivey, author of 'To the Bright Edge of the World,' talks to her editors, Reagan Arthur and Mary-Anne Harrington, about the editing process. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-08-19 00:00:00 UTC ]
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How The Sun’s fantasy football site plans to make money on platforms

The Sun’s fantasy football site, Dream Team, has been a publisher in its own right for nearly a year. Like other publishers, it’s working out the route to monetizing social video, which means branded content. It has changed several things in its editorial strategy to help build a smoother path... Continue reading at Digiday

[ Digiday | 2016-08-18 00:00:00 UTC ]
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Lessons Learned in Times of Crisis

From interviewing Charlie Sheen to jeopardizing five-figure deals, seven magazine pro's share their "best mistakes." The post Lessons Learned in Times of Crisis appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-08-18 00:00:00 UTC ]
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Hackney indie makes 'Small Biz 100' list

The Ship of Adventures bookshop in London's Hackney has been named in Small Business Saturday UK’s "Small Biz 100" for 2016, a campaign promoting and supporting small businesses on the high street. Continue reading at The Bookseller

[ The Bookseller | 2016-08-18 00:00:00 UTC ]
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Pamela Paul to Oversee All 'New York Times' Book Coverage

The editor of the 'New York Times' Sunday Book Review will take over all book coverage for the paper, including the daily Books section, book news, and publishing industry news. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-08-18 00:00:00 UTC ]
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Barnes & Noble Ousts CEO, Ron Boire

Amid struggles to find profitability, Barnes & Noble, the country's largest physical book retailer, has fired its CEO, Ron Boire. The former head of Sears Canada was brought on by B&N in July 2015. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-08-16 00:00:00 UTC ]
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Kevin Martinez Joins Time Inc. to Oversee InStyle

Former publisher Patrick Connors is the latest in a series of departures at the fashion brand. The post Kevin Martinez Joins Time Inc. to Oversee InStyle appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-08-15 00:00:00 UTC ]
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Meredith Puts a Date on Tom Harty's Potential Ascension to CEO

This week, magazine publisher and TV station owner Meredith Corp. elevated Tom Harty from president of the company's National Media Group to president and chief operating officer, taking on oversight of the Local Media Group as well. That promotion seemed to put Mr. Harty in line to succeed... Continue reading at Advertising Age

[ Advertising Age | 2016-08-13 00:00:00 UTC ]
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Silicon Valley exposé makes Business Book of the Year longlist

Antonio Garcia Martinez's Silicon Valley exposé Chaos Monkeys (Ebury) has been longlisted for the Financial Times and McKinsey Business Book of the Year Award. Continue reading at The Bookseller

[ The Bookseller | 2016-08-09 00:00:00 UTC ]
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Q&A: Time Inc.'s New Digital Chief Talks Ecommerce and What’s Next in Social

Like many of its magazine publishing peers, Time Inc. has spent the past few years furiously working to reposition itself as a multiplatform media company. In the last year alone, the company has acquired big-name digital brands (like xoJane and HelloGiggles), launched several of its own... Continue reading at AdWeek

[ AdWeek | 2016-08-09 00:00:00 UTC ]
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‘Dat cheeeeeeeze’: How publishers from the HuffPost to The New York Times are using Instagram Stories

Instagram Stories are just a few days old, but publishers ranging from Bloomberg Business U.K. to Bustle have started playing with the feature. While Stories lack some of the bells and whistles offered by Snapchat Stories (which inspired the Instagram product), social teams are still finding a... Continue reading at Digiday

[ Digiday | 2016-08-08 00:00:00 UTC ]
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10 best books of August 2016, according to Amazon's editors

As you enjoy the last of the summer sun, you need a great book to bring out to the lawn chair or for the weekend trip. Need some inspiration? These are the titles Amazon editors say are the best to be released this month. Here's the full list with thoughts from Amazon senior editor Chris Schluep. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2016-08-04 00:00:00 UTC ]
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Time Inc. to Lay Off Employees in Reorganization

Magazine and digital publisher Time Inc. plans to lay off a number of employees as part of a organizational restructuring, a spokeswoman confirmed to Ad Age on Wednesday. She declined to discuss how many people will lose their jobs, but multiple reports put the number around 110."Over the last... Continue reading at Advertising Age

[ Advertising Age | 2016-08-04 00:00:00 UTC ]
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Longtime Cookbook Collaborator Makes Her Solo Debut

Julia Turshen has worked with Mario Batali, Gwyneth Paltrow, and Dana Cowin, but is now stepping into the limelight with her debut, 'Small Victories,' due out from Chronicle Books on September 6. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-08-03 00:00:00 UTC ]
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New York Magazine Makes “The Case Against the Media”

Editor Genevieve Smith tells Folio: why now's the time to dig deep into public distrust. The post New York Magazine Makes “The Case Against the Media” appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-08-01 00:00:00 UTC ]
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It's party time as bookshops launch 'Cursed Child'

Central London was once again full of wizards, Harrys, Hagrids and Hermiones last night (30th July) as Waterstones Piccadilly and Foyles on Charing Cross Road held extravagant parties to celebrate Little, Brown’s publication of Harry Potter and the Cursed Child– surely already the fastest... Continue reading at The Bookseller

[ The Bookseller | 2016-07-31 00:00:00 UTC ]
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Obituary: Former Wiley CEO, Steve Smith

Smith, the former president and CEO of John Wiley and Sons, died on July 10 following a long illness. He was 61. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-07-28 00:00:00 UTC ]
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Time Inc. Unifies Sales Force, Eliminates Publishers

Latest reorganization focuses on category, brand and digital sales, to make Time Inc. a "one-stop shop" for advertisers. The post Time Inc. Unifies Sales Force, Eliminates Publishers appeared first on Folio:. Continue reading at Folio Magazine

[ Folio Magazine | 2016-07-28 00:00:00 UTC ]
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Brief History of Time app from Transworld

Transworld is launching an interactive app for Professor Stephen Hawking’s 1988 book A Brief History of Time, including new updates from its author. Continue reading at The Bookseller

[ The Bookseller | 2016-07-28 00:00:00 UTC ]
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‘We were wasting time churning out tweets’: The Economist guide to quality over quantity

The Economist has spent a year finessing its social media team, growing its writers from two to 10, mostly based in the U.K. Last year, for each article published, 15 separate tweets were written, now it’s more like three. The publisher has taken resource away from its posting to its lesser... Continue reading at Digiday

[ Digiday | 2016-07-27 00:00:00 UTC ]
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