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 Week in Libraries: March 10, 2023

Among the week's headlines: Florida Governor Ron DeSantis claims book banning is a media hoax; Illinois goes on the offense to protect the freedom to read; and a new poll suggests that the Right's 'war on woke' might not be an effective political strategy. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-03-10 05:00:00 UTC ]
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10 of the Best Edna St. Vincent Millay Poems Everyone Should Read

By Dr Oliver Tearle (Loughborough University) The American poet Edna St. Vincent Millay (1892-1950) was a poet, playwright, andfeminist, who enjoyed considerable success during the ‘Roaring Twenties’. As A. Mary Murphy notes in The Facts on File Companion to 20th-Century American Poetry,... Continue reading at Interesting Literature

[ Interesting Literature | 2023-03-09 18:00:15 UTC ]
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Former BET CEO Debra Lee details affair with co-founder: 'I would've lost everything'

In her memoir 'I Am Debra Lee,' BET's former CEO gets candid about her tenure at the cable network and shares advice for women in corporate America. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-03-07 19:04:58 UTC ]
More news stories like this | News stories tagged with: #ve lost #cable network #corporate america #memoir


Netflix making live-action 'One Piece' from popular manga

Hit Japanese manga “One Piece” is coming to Netflix as a live-action series — a development that’s both exciting and worrisome for fans who have seen mixed success in a growing list of Hollywood adaptations Continue reading at ABC News

[ ABC News | 2023-03-06 02:32:30 UTC ]
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How NASA pulled off the DART mission, making science fiction a reality

In a test of planetary defense capabilities, NASA and Johns Hopkins Applied Physics Laboratory crashed a spacecraft to alter an object’s orbit. NASA is No. 17 on Fast Company’s list of the World’s 50 Most Innovative Companies of 2023. Explore the full list of companies that are reshaping... Continue reading at Fast Company

[ Fast Company | 2023-03-02 07:00:00 UTC ]
More news stories like this | News stories tagged with: #innovative companies #full list #dart mission #fast company #science fiction


10 books to add to your reading list in March

Tales of foraging and magic, cults and deeply embedded social ills are among our top March picks, including new work from Mona Simpson and Victor LaValle. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-02-28 17:06:03 UTC ]
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Rachel Howzell Hall, George Saunders, James Hannaham among L.A. Times Book Prize finalists

The Los Angeles Times Book Prizes recognize works in 12 categories, with winners to be announced at USC in person on April 21. James Ellroy will receive a lifetime achievement prize. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-02-22 15:00:07 UTC ]
More news stories like this | News stories tagged with: #george saunders #james ellroy #times book


Amazon's Kindle Paperwhite Kids falls back to an all-time low

Amazon's Kindle Paperwhite Kids tablet offers a more eye-friendly reading experience than the regular Kindle Kids, but that features comes at a premium price. Right now, though, they're on sale with the biggest discounts we've seen yet, letting you grab one for just $105 or $55 (34 percent) off... Continue reading at Engadget

[ Engadget | 2023-02-22 11:58:13 UTC ]
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We Go Way Back: 25 of the Best Historical Fiction Books of the Past 10 Years

Take a trip back in time without leaving your seat with 25 of the best historical fiction books of the past 10 years! Continue reading at Book Riot

[ Book Riot | 2023-02-21 11:34:00 UTC ]
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10 of Libro.fm’s Most Preordered Audiobooks for Winter 2023

Looking for a great new audiobook to put in your ears? Check out the new audiobooks Libro.fm users are most excited to listen to. Continue reading at Book Riot

[ Book Riot | 2023-02-16 11:30:00 UTC ]
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10 Recent Works of Black History That Everyone Should Read

Reviews editor David Adams recommends 10 excellent works of Black history recently starred by PW. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-02-16 05:00:00 UTC ]
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Announcing The Sunday Times Charlotte Aitken Young Writer of the Year Award shortlist

The Sunday Times Charlotte Aitken Young Writer of the Year Award is given annually to the best work of fiction, non-fiction or poetry by a British or Irish author of 35 or under. Here at the British Council, we're proud to work with the Prize to support the selected writers early in their... Continue reading at British Council global

[ British Council global | 2023-02-13 14:40:41 UTC ]
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Zibby Books Makes Its Debut

Leading bookfluencer and budding book business entrepreneur Zibby Owens discusses the newly launched Zibby Books; her first bookstore, Zibby’s Bookshop, which will open in Santa Monica, Calif., this month; and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-02-10 05:00:00 UTC ]
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The Week in Libraries: February 10, 2023

Among the week's headlines: The Colorado Civil Rights Division rules that a librarian who objected to censorship efforts in her library was illegally terminated; more on the College Board's questionable interactions with Florida officials; Library Journal releases its annual budget survey... Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-02-10 05:00:00 UTC ]
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At times, 'Knock at the Cabin' made the book's author want to 'run out of the theater'

While Paul Tremblay is a fan of M. Night Shyamalan's take on his novel 'The Cabin at the End of the World,' he's still chewing over the film's 'way darker' ending. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-02-08 14:00:18 UTC ]
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Adelaide Books Promises to Make Things Right with Authors

The owner of the hybrid publisher has promised representatives from the Authors Guild that he will address the myriad complaints brought against his company that have piled up for about five years. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-02-01 05:00:00 UTC ]
More news stories like this | News stories tagged with: #hybrid publisher #authors guild


Madeline McIntosh, CEO of Penguin Random House, Resigns

The departure of Madeline McIntosh, who has led the country’s largest book publisher since 2018, is the latest shake-up for the company during a turbulent period. Continue reading at The New York Times

[ The New York Times | 2023-01-31 14:38:01 UTC ]
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10 books to add to your reading list in February

Bethanne Patrick's February picks include new work from Salman Rushdie and Zadie Smith, plus fresh insights into friendship, Silicon Valley and wolves. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-01-31 14:18:02 UTC ]
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Madeline McIntosh to Step Down as CEO of PRH US

About three weeks after Gina Centrello retired as president and publisher of the Random House Publishing Group, McIntosh announced that she will step down as CEO of Penguin Random House in the very near future. Continue reading at Publishers Weekly

[ Publishers Weekly | 2023-01-31 00:00:00 UTC ]
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5 times Pamela Anderson's memoir left us wanting more — a lot more

The former 'Baywatch' star opens up in a new memoir, 'Love, Pamela' — to an extent. Here are five excerpts that left us with more questions than answers. Continue reading at Los Angeles Times

[ Los Angeles Times | 2023-01-30 14:00:21 UTC ]
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