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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Transworld has acquired two new books by National Geographic explorer Lucy Cooke. Continue reading at The Bookseller

[ The Bookseller | 2015-11-28 00:00:00 UTC ]
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Granta Books has acquired US journalist Ben Ehrenreich's The Way to the Spring: Life and Death in Palestine, the story of his time in the West Bank. Continue reading at The Bookseller

[ The Bookseller | 2015-11-28 00:00:00 UTC ]
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Tamblyn Named Kobo CEO

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[ Publishers Weekly | 2015-11-27 00:00:00 UTC ]
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Headline communications director Georgina Moore offers 10 tips for publishers promoting new titles and seeking Twitter success. Continue reading at The Bookseller

[ The Bookseller | 2015-11-24 00:00:00 UTC ]
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Is mobile making media all the same?

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[ The Guardian | 2015-11-21 00:00:00 UTC ]
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In the age of Corbyn, is the time right for another Road to Wigan Pier?

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[ The Guardian | 2015-11-21 00:00:00 UTC ]
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Facebook wants to make your breakup less awkward

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[ Los Angeles Times | 2015-11-20 00:00:00 UTC ]
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Does reading self-help books make us more stressed?

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[ The Christian Science Monitor | 2015-11-20 00:00:00 UTC ]
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Time Inc UK to move dozens of titles out of London in restructuring

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[ The Guardian | 2015-11-18 00:00:00 UTC ]
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'Armchair woodchoppers' make DIY timber guide surprise bestseller

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[ The Guardian | 2015-11-16 00:00:00 UTC ]
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Apple CEO Tim Cook says Microsoft's first-ever laptop is 'deluded'

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[ Silicon Valley Business Journal | 2015-11-12 00:00:00 UTC ]
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[ Publishers Weekly | 2015-11-10 00:00:00 UTC ]
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[ Publishing Perspectives | 2015-11-05 00:00:00 UTC ]
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[ The Bookseller | 2015-11-05 00:00:00 UTC ]
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[ The Bookseller | 2015-11-03 00:00:00 UTC ]
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[ AdWeek | 2015-10-28 00:00:00 UTC ]
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[ The Bookseller | 2015-10-24 00:00:00 UTC ]
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[ Publishers Weekly | 2015-10-20 00:00:00 UTC ]
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