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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In Germany: Ebooks Less Than 10% of Market, Tolino Grows

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[ Publishing Perspectives | 2015-02-27 00:00:00 UTC ]
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Genital book makes odd title list

A book about the evolution of genitals is shortlisted for this year's Diagram Prize for the oddest book title of the year. Continue reading at BBC News

[ BBC News | 2015-02-27 00:00:00 UTC ]
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Graphix celebrates its 10 year anniversary with Jeff Smith’s 'Bone'

The Scholastic imprint releases a tribute edition of their first graphic novel for young readers Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2015-02-26 00:00:00 UTC ]
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Jill Abramson Signs $1M Book Deal – But Won't Settle Scores with New York Times

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[ Editor & Publisher | 2015-02-26 00:00:00 UTC ]
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[ The Bookseller | 2015-02-25 00:00:00 UTC ]
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Time to shine a light on the tax system

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[ The Sydney Morning Herald | 2015-02-24 00:00:00 UTC ]
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Booksellers Celebrate 10 Years of Winter Institute

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[ Publishers Weekly | 2015-02-20 00:00:00 UTC ]
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Teenager’s 10 Steps To Become Successfully Self-Published

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[ Publishing Perspectives | 2015-02-19 00:00:00 UTC ]
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Scribd Adds 10,000 Comics and Graphic Novels

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[ Publishing Perspectives | 2015-02-13 00:00:00 UTC ]
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[ Advertising Age | 2015-02-12 00:00:00 UTC ]
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[ Crains New York | 2015-02-12 00:00:00 UTC ]
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Authors on the Air February 10, 2015: David and Jason Benham

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[ Publishers Weekly | 2015-02-10 00:00:00 UTC ]
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[ Advertising Age | 2015-02-10 00:00:00 UTC ]
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[ Advertising Age | 2015-02-10 00:00:00 UTC ]
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[ The Bookseller | 2015-02-06 00:00:00 UTC ]
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[ Advertising Age | 2015-02-06 00:00:00 UTC ]
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Boom! Studios Celebrates 10 Years

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[ Publishers Weekly | 2015-02-04 00:00:00 UTC ]
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[ The Bookseller | 2015-02-03 00:00:00 UTC ]
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[ Publishers Weekly | 2015-01-30 00:00:00 UTC ]
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[ Publishers Weekly | 2015-01-30 00:00:00 UTC ]
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