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 10 Best Design Books Of 2013

Infographics both retro and modern, futuristic transportation, and cartoons of Professor Lucifer Gorgonzola Butts are all featured inside these 10 gems of design books.No matter how convenient Kindles are, they will never do justice to beautifully printed, full-color art and design books. (And... Continue reading at Fast Company

[ Fast Company | 2013-12-23 00:00:00 UTC ]
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Police officer awarded £60,000 damages over Times article

Report about Met detective sergeant Gary Flood claimed there were strong grounds to believe he was dishonest and corruptA police officer has been awarded £60,000 in damages in a high court judgment against the Times over an article which claimed that there were strong grounds to believe he was... Continue reading at The Guardian

[ The Guardian | 2013-12-19 00:00:00 UTC ]
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Time Inc. Eyes Candidates for Chief Revenue Officer, Mulls Cost-Cutting Options

You might think December would be the calm before the storm at Time Inc., which is, to say the least, expecting an eventful 2014. But CEO Joe Ripp is busy this month too.The company, which publishes magazines including People and Sports Illustrated, is slated to spin off from parent Time Warner... Continue reading at Advertising Age

[ Advertising Age | 2013-12-18 00:00:00 UTC ]
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Facebook Misery Index: Quantifying exactly how bad Facebook makes you feel

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[ PC World | 2013-12-18 00:00:00 UTC ]
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Times publisher reports pre-tax losses of £24m

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[ The Guardian | 2013-12-18 00:00:00 UTC ]
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[ The Bookseller | 2013-12-17 00:00:00 UTC ]
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[ The Guardian | 2013-12-13 00:00:00 UTC ]
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Did Newsstand Sales Affect Time's Choice for Person of the Year?

Did Time magazine pick Pope Francis as its Person of the Year because he'll sell more magazines than Edward Snowden? That's what some media outlets and Twitter users suggested Wednesday after the new pontiff beat out Mr. Snowden for the recognition.Business Insider, for instance, wrote:"Snowden,... Continue reading at Advertising Age

[ Advertising Age | 2013-12-12 00:00:00 UTC ]
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Pope Francis is a whistleblower for the poor. Thank you Time for recognising it | Chris Arnade

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[ The Guardian | 2013-12-12 00:00:00 UTC ]
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Do libraries matter? 94 percent of Americans say libraries make life better

In a recent survey by the Pew Research Center, 54 percent of respondents said libraries aren't as necessary as they once were when it comes to finding information. However, 94 percent said a library improves a community's quality of life. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2013-12-12 00:00:00 UTC ]
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Did sales affect Time's pick for Person of the Year?

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[ Crains New York | 2013-12-12 00:00:00 UTC ]
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Time Inc. execs warn of layoffs

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[ Crains New York | 2013-12-10 00:00:00 UTC ]
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[ The Bookseller | 2013-12-09 00:00:00 UTC ]
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[ The Guardian | 2013-12-09 00:00:00 UTC ]
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[ The Guardian | 2013-12-06 00:00:00 UTC ]
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[ Fast Company | 2013-12-06 00:00:00 UTC ]
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The Slate Book Review Top 10 of 2013

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[ Slate | 2013-12-06 00:00:00 UTC ]
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[ Publishing Perspectives | 2013-12-06 00:00:00 UTC ]
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Paizo’s RPG Design Contest Opens December 10

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[ Publishers Weekly | 2013-12-06 00:00:00 UTC ]
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[ Fast Company | 2013-12-04 00:00:00 UTC ]
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