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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B&N CEO James Daunt to Deliver State of Bookselling Keynote at U.S. Book Show

As part of a two-day program curated by Association of American Literary Agents, Daunt will discuss how the company’s initiatives and plans for the future will impact the publishing industry during an address on Tuesday, May 23. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-05-01 04:00:00 UTC ]
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At 48, I should be inspired by Gwyneth Paltrow and her abs. But they make me want to throw things | Emma Beddington

You want a middle-aged woman to run an ultramarathon or start a wellness empire? Can’t I just have a breakdown?There is good news for midlifers, so gird your loins for a flurry of off-brand optimism. Kicking off the list is a new prize for debut novelists over 50. “The reason we launched the... Continue reading at The Guardian

[ The Guardian | 2023-04-30 13:00:05 UTC ]
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10 books to add to your reading list this May

Bethanne Patrick's 10 recommended books for May include fiction from Emma Cline, R. F. Kuang and Abraham Verghese as well as a giant history of everything. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-04-29 13:00:28 UTC ]
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10 of the Best Indie Bookstores in the World

This weekend marks the 10th anniversary of Independent Bookstore Day, the one-day book party held all across the country on the last Saturday in April every year to celebrate indie bookstores large and small. There’s no better time to show your local indie a little love—preferably by going to... Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-28 13:04:40 UTC ]
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10 Essential LGBTQ Memoirs

Pulitzer Prize winner Anne Hull, author of 'Through the Groves,' reflects on the 10 LGBTQ memoirs that shaped her. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-28 04:00:00 UTC ]
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10 Essential LGBTQ Novels

C.E. McGill, author of 'Our Hideous Progeny,' highlights 10 impactful queer novels. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-28 04:00:00 UTC ]
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Practice Makes Perfect, and Also Nothing Matters: Emily St. John Mandel on Revision and Recklessness

Emily St. John Mandel is the guest. Her latest book, Sea of Tranquility, is out now in paperback from Vintage. Subscribe and download the episode, wherever you get your podcasts!  From the episode: Brad Listi: As I was reading with my writer hat on and thinking about the challenges presented by... Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-27 08:53:45 UTC ]
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The Most Influential Manga of All Time

The most influential manga of all time is the culmination of centuries of early Japanese art and emerged from the post-war era. Continue reading at Book Riot

[ Book Riot | 2023-04-26 10:32:00 UTC ]
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Freedom to Read Supporters Say It's Time to Get Louder

At an American Booksellers for Free Expression session, panelists discussed different approaches booksellers can take to fight book bans. Among the ideas floated were outreach to government officials, creating library-style “request for reconsideration of materials forms,” and improving Banned... Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-25 04:00:00 UTC ]
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Baker Publishing CEO Handoff Well Underway

Incoming CEO Jesse Myers takes up the challenges as Dwight Baker heads toward outdoor life. An aggressive growth plan has been temporarily put on hold as the company confronts the various headwinds facing the economy in general and publishing in particular. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-25 04:00:00 UTC ]
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Definitive proof that publishing your novel won’t make you happy.

Hug an author today! Fifty-four percent of debut authors responding to Bookseller survey said the process had a negative impact on their mental health—equally likely to feel bummed out whether they pubbed with a Big Four or an indie publisher. One, quoted anonymously in The Bookseller’s report,... Continue reading at Literrary Hub

[ Literrary Hub | 2023-04-24 15:32:12 UTC ]
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Gadgets that make great Mother's Day gifts

Your mom might not be as up to date as you on the latest tech trends, but that doesn't mean a carefully chosen gadget wouldn't make her life easier. While flowers and breakfast in bed remain lovely Mother's Day gifts, you may want to try a different tack this year and get your mom something... Continue reading at Engadget

[ Engadget | 2023-04-24 13:15:33 UTC ]
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Los Angeles Times Book Prizes Winners Announced

The 43nd annual Los Angeles Times Book Prizes were awarded tonight at the University of Southern California's Bovard Auditorium. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-04-22 04:49:44 UTC ]
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10 Spy Novels to Read Before You Die

From Kipling to Le Carré, Patrick Worrall ('The Partisan') recommends 10 essential spy thrillers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-21 04:00:00 UTC ]
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Survey Finds Self-Published Authors Making Gains

The median income for self-published authors increased substantially in 2022 compared to 2021, to $12,749 last year—more than the median for authors published by traditional houses. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-04-17 04:00:00 UTC ]
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Paying Twitter users can now post up to 10,000 characters

One of the defining features of Twitter since its inception has been the character limit, forcing users to be direct and concise. It’s such a big deal that when the limit was doubled, from just 140 characters to 280, it became a subject of primetime TV gags. But under the guiding hand of... Continue reading at PC World

[ PC World | 2023-04-14 14:57:40 UTC ]
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Sign up for the Los Angeles Times Book Club

Join our community book club. Our mission is to get Southern California reading and talking. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-04-13 19:22:10 UTC ]
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The Guardian view on US book bans: time to fight back | Editorial

Censorship is surging thanks to an organised rightwing minority targeting books on LGBTQ and Black characters and issues“A book is a loaded gun in the house next door,” warns a character in Fahrenheit 451, Ray Bradbury’s dystopian vision of an America where books are considered so dangerous they... Continue reading at The Guardian

[ The Guardian | 2023-04-13 17:21:33 UTC ]
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10 New Manga Adaptations To Look Forward To In 2023

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[ Book Riot | 2023-04-13 10:30:00 UTC ]
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[ Book Riot | 2023-04-11 10:30:00 UTC ]
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