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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Question Time with Sandorf Passage's Buzz Poole

The non-profit, independent publisher Sandorf Passage launched in late 2020 with a focus on publishing works in translation from Eastern European authors and sociopolitical and wartime books in particular. We spoke with Buzz Poole, the publisher, about how the press is developing and more. Continue reading at Publishers Weekly

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Harper Horizon’s Andrea Fleck-Nisbet Named CEO of IBPA

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Question Time with Astra House's Ben Schrank

We speak with Ben Schrank, the former head of Henry Holt and now head of upstart publisher Astra House, about the latest developments at the press and other bookish matters. Continue reading at Publishers Weekly

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10 of the Best Witch Manga to Read This Witchy Season (or Anytime!)

The best witch manga include something for everyone, whether you want gentle and cozy, dark and action-packed, or something in between, like Flying Witch by Chihiro Ishizuka. Continue reading at Book Riot

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Digiday+ Research: Direct-sold ads lose favor with publishers, while programmatic ads make gains

In surveys spanning from Q1 to Q3, Digiday+ Research found a difference growing between how publishers make money from direct-sold ads and programmatic ads. Continue reading at Digiday

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Z2 Comics Names New Leadership Team Following Resignation of CEO

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From the Archive: October 10, 1931

We look back on a Depression-era cover ad from Modern Library promoting “books people can afford” at 95¢ per copy. Continue reading at Publishers Weekly

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Ex-Lib Dem MP Simon Hughes makes phone-hacking claim against Daily Mail owner

Exclusive: Associated Newspapers faces first legal case over alleged voicemail interceptionThe Daily Mail’s parent company is facing its first legal claim for phone hacking, after the former Liberal Democrat MP Sir Simon Hughes filed a case against the newspaper publisher.Hughes is alleging that... Continue reading at The Guardian

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10 books to add to your reading list in October

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It's Never Too Late: Seven Authors on Making Their YA Debuts After Age 50

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Financial Times Announces a Shortlist in the £30,000 Business Book of the Year Award

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Macmillan Announces Changes as CEO Transition Continues

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