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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Book Deals: Week of January 10, 2022

Alisa Lynn Valdés sells two thrillers to Thomas & Mercer, Roc Lit buys a book on Black motherhood from Jamilah Lemieux, and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2022-01-07 05:00:00 UTC ]
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New York Times to buy subscription sports site the Athletic for $550m

Acquisition of 2016 startup and its 1.2 million subscribers puts newspaper on target for 10 million paid subscriptions The New York Times has agreed to buy subscription-based sports site the Athletic for $550m (£400m) in cash, as the 170-year-old newspaper adds more digital content to grab... Continue reading at The Guardian

[ The Guardian | 2022-01-06 23:27:19 UTC ]
More news stories like this | News stories tagged with: #digital content


The New York Times is buying subscription-based sports site The Athletic

The Athletic, which quickly came to prominence for publishing exclusive reporting and high-quality sports journalism, is getting a new owner. As first reported by The Information, The New York Times has agreed to buy the subscription-based digital media company for $550 million. The deal is... Continue reading at Engadget

[ Engadget | 2022-01-06 17:05:15 UTC ]
More news stories like this | News stories tagged with: #daily news #digital media


The New York Times Announces Their Readers’ Pick for Best Book of the Past 125 Years

The New York Times Book Review marked their anniversary by asking readers to nominate the best book of the past 125 years. Here's the result. Continue reading at Book Riot

[ Book Riot | 2022-01-03 15:52:45 UTC ]
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10 of the Best O. Henry Short Stories Everyone Should Read

The stories of the US short-story writer O. Henry, real name William Sydney Porter (1862-1910), are characterised by their irony and by their surprise endings, which became something of a signature of a good O. Henry short story. However, another word that is often used to describe O. Henry’s... Continue reading at Interesting Literature

[ Interesting Literature | 2021-12-31 15:00:32 UTC ]
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The essential Joan Didion: An L.A. Times reading list for newcomers and fans alike

The author, who died Thursday, produced decades' worth of memorable work. Here's our guide to starting — or continuing — your Didion journey. Continue reading at Los Angeles Times

[ Los Angeles Times | 2021-12-23 21:24:38 UTC ]
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The bookshop making a difference this Christmas

Newham Bookshop is giving over a thousand books to children and communities in need this Christmas. Continue reading at BBC News

[ BBC News | 2021-12-21 06:12:46 UTC ]
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Waterstones partners with Sunday Times Young Writer of the Year Award

Waterstones is partnering with the Sunday Times Young Writer of the Year Award to celebrate the best emerging talent in the UK and Ireland, hosting exclusive accompanying content across all its channels.  Continue reading at The Bookseller

[ The Bookseller | 2021-12-20 08:28:44 UTC ]
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Canongate signs 'remarkable and timely' book on borders by Crawford

Canongate has landed James Crawford's The Edge of the Plain, a blend of history, travel writing and reportage tracing the evolution and cultural significance of land borders.  Continue reading at The Bookseller

[ The Bookseller | 2021-12-19 20:30:23 UTC ]
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Video: From Barack Obama to Billie Jean King, L.A. Times Book Club looks back on an eventful 2021

The L.A. Times Book Club dove into stories across the world and close to home in 2021. Continue reading at Los Angeles Times

[ Los Angeles Times | 2021-12-16 15:00:17 UTC ]
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Krauss, de Waal and Puchner make Wingate Prize longlist

Edmund de Waal, Nicole Krauss and Martin Puchner are among 13 authors longlisted for the Wingate Literary Prize with their "powerful expressions of the diversity of Jewish experience". Continue reading at The Bookseller

[ The Bookseller | 2021-12-15 22:46:16 UTC ]
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Should celebrities narrate their audiobooks? Will Smith and Mel Brooks make the case for yes.

Sometimes stars elevate their works beyond the printed page. Here are three great examples. Continue reading at The Washington Post

[ The Washington Post | 2021-12-15 13:00:00 UTC ]
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The Top 10 Library Stories of 2021

PW looks back at the library stories that captivated the publishing world this year—and what they portend for 2022. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-12-10 05:00:00 UTC ]
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How to watch Ann Patchett discuss 'These Precious Days' at the L.A. Times Book Club

Novelist Ann Patchett will be in conversation with columnist Steve Lopez tonight at the L.A. Times Book Club Continue reading at Los Angeles Times

[ Los Angeles Times | 2021-12-10 00:05:08 UTC ]
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Books make the best gifts. Here are seven surprising choices for the readers on your list.

Critic Michael Dirda’s picks include ‘Dear Highlights,’ ‘A Ray Bradbury Compendium’ and ‘American Christmas Stories’ Continue reading at The Washington Post

[ The Washington Post | 2021-12-08 17:32:50 UTC ]
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Mr. Men Little Miss Books Stand the (Silly, Splendid, Topsy-Turvy) Test of Time

Mr. Men Little Miss, the children’s book series created by Roger Hargreaves, turns 50 this year. Continue reading at The New York Times

[ The New York Times | 2021-12-08 10:00:15 UTC ]
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PW's Top 10 Religion Stories of 2021

From the launch of IVP Kids imprint to Beth Moore’s departure from LifeWay, here are PW’s most-read religion stories of 2021. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-12-08 05:00:00 UTC ]
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Why is Agatha Christie the Best-Selling Author of All Time?

Agatha Christie, the Queen of Mystery, is the best-selling novelist of all time. What makes her work so timeless? Continue reading at Book Riot

[ Book Riot | 2021-12-06 11:40:00 UTC ]
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Book Fair Bonanza: Five Tips To Make Your Book Fair Run Smoothly

School book fairs are a source of nostalgia for book lovers, but they're also a lot of work to run. Here are some tips that will help. Continue reading at Book Riot

[ Book Riot | 2021-12-06 11:31:00 UTC ]
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10 of the Best Novels and Short Stories about Dogs

Novelists and short-story writers have created some classic narratives about man’s best friend, the dog. But what are the very best stories and novels about dogs? Where should we begin in assessing the classic, canonical literature that features dogs? From Homer’s Odyssey onwards – where the... Continue reading at Interesting Literature

[ Interesting Literature | 2021-12-03 15:00:29 UTC ]
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