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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Why does a Russian CEO need a $3.69 million tablet?

Today’s tech titans are blessed with wondrous perks: company cars, private jets, even a free house for Amazon’s Jeff Bezos.  But Russian oil titan Gazprom--one of the largest companies in the world--and its chief executive Alexey Miller, together have reached a new level: setting aside 119.7... Continue reading at PC World

[ PC World | 2013-07-17 00:00:00 UTC ]
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New York Times to launch digital magazine

Building on the success of its Pulitzer Prize winning interactive article "Snow Fall," the New York Times will launch what it's calling "an immersive digital magazine experience."Sam Sifton, the former Times food critic-turned national editor, will lead the project. At the same time, he will... Continue reading at Crains New York

[ Crains New York | 2013-07-13 00:00:00 UTC ]
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Decision Time for Barnes & Noble

Uncertainty has been hovering over Barnes & Noble ever since the retailer first reported that 2012 holiday sales— especially those of its Nook reading devices—were well below expectations. Continue reading at Publishers Weekly

[ Publishers Weekly | 2013-07-12 00:00:00 UTC ]
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Barnes & Noble CEO steps down following dismal financial reports

Barnes & Noble CEO William Lynch resigned after the company reported disappointing fourth-quarter numbers. The bookstore chain also recently announced that it's seeking another company with which to produce the B&N Nook tablet devices. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2013-07-10 00:00:00 UTC ]
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Time Inc. Designer Neil Jamieson Leaves for Studio

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[ AdWeek | 2013-07-10 00:00:00 UTC ]
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Press Release: William Lynch Out as B&N CEO, New Execs Named

William Lynch has resigned as CEO of Barnes and Noble, while Michael Huseby has been appointed CEO of NOOK Media LLC. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2013-07-09 00:00:00 UTC ]
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Amazon announces new comics imprint, just in time for Comic-Con

Tuesday morning Amazon Publishing announced a new comics and graphic novel imprint, Jet City Comics. It will publish graphic novels by George R.R. Martin, of "Game of Thrones" fame and others.It was only yesterday that I asked my editor when Comic-Con begins, because the comics-related... Continue reading at Los Angeles Times

[ Los Angeles Times | 2013-07-09 00:00:00 UTC ]
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Libraries will release a "Top 10" recommendation list starting this fall

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[ The Christian Science Monitor | 2013-07-03 00:00:00 UTC ]
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Press Release: CEO Markus Dohle Announces Penguin Random House Global Leadership Team

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[ Publishing Perspectives | 2013-07-01 00:00:00 UTC ]
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[ Publishers Weekly | 2013-06-29 00:00:00 UTC ]
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CEIR CEO to Step Down

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[ Folio Magazine | 2013-06-25 00:00:00 UTC ]
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[ Folio Magazine | 2013-06-20 00:00:00 UTC ]
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iCrossing CEO Don Scales Steps Down

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[ AdWeek | 2013-06-19 00:00:00 UTC ]
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Lutherville company makes Stan Lee cologne

JADS International creates scent for comic book iconCreate a fragrance that smells heroic with a touch of villainy — that's what Andrew Levine's Lutherville company set out to do. Continue reading at Baltimore Sun

[ Baltimore Sun | 2013-06-18 00:00:00 UTC ]
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[ AdWeek | 2013-06-13 00:00:00 UTC ]
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[ Folio Magazine | 2013-06-07 00:00:00 UTC ]
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[ The Bookseller | 2013-06-07 00:00:00 UTC ]
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Why Aren’t More Mexican Children’s Books Making it to America?

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[ Publishing Perspectives | 2013-06-06 00:00:00 UTC ]
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Making Sense of Marketing Services

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[ Folio Magazine | 2013-06-05 00:00:00 UTC ]
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Insight: How Three UK Publishers Are Finally Making The Most Of Digital

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[ Editor & Publisher | 2013-05-28 00:00:00 UTC ]
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