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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In ‘Bad Gays,’ historical figures are products of their times

Huw Lemmey and Ben Miller, hosts of a popular podcast, take a look at history through the lens of problematic gay figures. Continue reading at The Washington Post

[ The Washington Post | 2022-05-31 13:59:29 UTC ]
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How to watch 'Letter to a Stranger' night at the L.A. Times Book Club

Pico Iyer, Maggie Shipstead, Michelle Tea and Colleen Kinder discuss 'Letter to a Stranger' at the L.A. Times Book Club. Continue reading at Los Angeles Times

[ Los Angeles Times | 2022-05-26 21:35:13 UTC ]
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TV ad leaders say Nielsen measurement alternatives not ready for prime time

Measurement solutions from iSpot.TV and Samba TV, among others, are buzzy at this year’s upfronts, but won't see much action. Continue reading at Advertising Age

[ Advertising Age | 2022-05-26 14:00:29 UTC ]
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In these gloomy, divisive times, does anyone care about books? I do.

Books emphasize interiority, encourage empathy, require thought and are meant to foster rational argument -- things we all need. Continue reading at The Washington Post

[ The Washington Post | 2022-05-25 16:39:13 UTC ]
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It's time for Alberta's United Conservative Party to focus on uniting following leadership review

One of the first steps of healing the divisions within the United Conservative Party is to welcome MLAs Todd Loewen and Drew Barnes back into the fold, says Michael Solberg. Continue reading at CBC

[ CBC | 2022-05-25 10:00:00 UTC ]
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Jen Silverman on Re-reading, Making a Tarot Deck, and Other Kinds of Escape

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[ Literrary Hub | 2022-05-24 08:51:33 UTC ]
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In ‘This Time Tomorrow,’ a 40-year-old gets to be 16 again

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[ The Washington Post | 2022-05-20 11:00:35 UTC ]
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10 of the Best Stories by Rudyard Kipling

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[ Interesting Literature | 2022-05-18 14:00:38 UTC ]
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Tokyopop Marks 25 Years: CEO Stu Levy Looks Back and Ahead

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[ Electric Literature | 2022-05-12 11:05:00 UTC ]
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Keanon Lowe stopped a school shooting. The timing was ‘a miracle.’

Keanon Lowe left the NFL to coach high school sports, a series of fateful decisions that would change his life. Continue reading at The Washington Post

[ The Washington Post | 2022-05-12 11:00:17 UTC ]
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This children’s book about design should be required reading for CEOs

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[ Fast Company | 2022-05-09 08:00:37 UTC ]
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Some of the Most Influential Asian American Literature of All Time

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[ Literrary Hub | 2022-05-05 16:26:12 UTC ]
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[ Advertising Age | 2022-05-03 23:15:06 UTC ]
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[ The Washington Post | 2022-05-01 11:00:25 UTC ]
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