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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10 of the Best Fantasy Short Stories Everyone Should Read

As a literary genre, fantasy is one of the oldest and most recent. Although modern fantasy only began to be recognised as a distinct genre in the late twentieth century, thanks largely to the popularity of J. R. R. Tolkien and his imitators, its roots can be traced back millennia. […] Continue reading at Interesting Literature

[ Interesting Literature | 2022-02-23 15:00:28 UTC ]
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Mariana Enriquez, Michael Connelly, S.A. Cosby among LA Times Book Prize finalists

The awards recognize outstanding literary achievements in 12 categories, with winners to be announced at USC in-person on April 22. Continue reading at Los Angeles Times

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In Joel Agee’s wondrous ‘The Stone World’ a boy tries to make sense of life

The range and caliber of Joel Agee's work proves he's much more than the son of the late, Pulitzer-winning James Agee. Continue reading at The Washington Post

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10 Riveting New Sci-Fi Thrillers

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Charlie Brooker: ‘Mr Dystopia? That makes me sound like a wrestler’

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Announcing The Sunday Times Charlotte Aitken Young Writer of the Year Award shortlist

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‘Power of the Dog’ author Thomas Savage died in obscurity. It’s time to honor his work.

‘Power of the Dog’ author Thomas Savage died in obscurity. It’s time to honor his work. Continue reading at The Washington Post

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10 years after Whitney Houston’s death, what have we learned about her — and ourselves?

Two new books — ‘Didn’t We Almost Have It All,’ by Gerrick Kennedy and ‘Young Whitney,’ by Bette Marshall — explore the making and unmaking of the ’80s pop sensation Continue reading at The Washington Post

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‘Very Cold People’ Makes Something Beautiful Out of a Painful Childhood

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Blackwell’s up for sale for first time in 143-year history

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New York Times buys viral game Wordle for seven-figure sum

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'Maus' ban makes Art Spiegelman's Holocaust graphic novel an Amazon bestseller

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10 books to add to your reading list in February

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10 Best Books About Basketball

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