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 Life Lessons from Science Fiction and Fantasy

Hugo Gernsback once said SFF writers impart knowledge without out making us aware we're being taught. So what do they actually teach us? Continue reading at Book Riot

[ Book Riot | 2021-08-12 10:37:00 UTC ]
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10 Bookstore Romances To Get Lost In

How do you make a book about bookstores even better? With a little romance, of course! Prepare to swoon over these bookstore romances, including Meet Cute Club by Jack Harbon. Continue reading at Book Riot

[ Book Riot | 2021-08-11 10:36:00 UTC ]
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HarperNorth acquires journalist Bright's 'timely' debut on regional equality

HarperNorth has acquired a book on regional inequality in the UK by journalist Sam Bright, chief politics and investigations reporter for Byline Times. Continue reading at The Bookseller

[ The Bookseller | 2021-08-09 10:36:32 UTC ]
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Internet Archive Seeking 10 Years of Publisher Sales Data for Its Fair Use Defense

In their filing August 9, IA lawyers insist the sales data is crucial to its fair use defense in a lawsuit filed last year, while the plaintiff publishers have balked at the extraordinary request. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-08-09 04:00:00 UTC ]
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10 books to read in August

This month’s list includes a surprisingly serious turn from comedian Cecily Strong and a noir thriller set in 1970s Mexico City. Continue reading at The Washington Post

[ The Washington Post | 2021-08-01 12:00:00 UTC ]
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Reading Time Rose 21% in Second Half of 2020

The U.S. Department of Labor's American Time Use survey found that the time Americans spent reading daily increased 21% in the May-December period in 2020 over the comparable period in 2019, rising to 34 minutes per day. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-07-29 04:00:00 UTC ]
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Poster artists remind us what makes national parks worth visiting

“The Art of the National Parks” is a collection of screen-printed posters portraying the Badlands and beyond. Continue reading at The Washington Post

[ The Washington Post | 2021-07-20 12:00:00 UTC ]
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Nicholas Kristof, Times Columnist, Weighs Bid for Oregon Governor

Mr. Kristof, a two-time Pulitzer Prize winner known for his coverage of human rights abuses and women’s rights, said friends were trying to recruit him into the race to replace Gov. Kate Brown, a Democrat. Continue reading at The New York Times

[ The New York Times | 2021-07-19 17:22:47 UTC ]
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Lauren Child | 'It felt like a time to write about what we wish for'

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[ The Bookseller | 2021-07-17 02:08:43 UTC ]
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10 Thrilling African Noir Novels

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[ Publishers Weekly | 2021-07-16 04:00:00 UTC ]
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I am a regular reader of @PublishingTea. This is a pastime I share with many others. Continue reading at The Bookseller

[ The Bookseller | 2021-07-16 02:15:14 UTC ]
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22 books about Manhattan jet-setters that will make you feel like one

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[ The Washington Post | 2021-07-15 13:00:00 UTC ]
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Ruth Ozeki | 'As an artist I have relationships with fictional voices all the time'

"The notion of 'a book' is just a convenient fiction which we books go along with because it serves the needs of the bean counters in publishing, not to mention the ego of the writers. But the reality is far more complex.” So explains “the Book”, one of the narrators of Ruth Ozeki’s fourth novel... Continue reading at The Bookseller

[ The Bookseller | 2021-07-09 19:27:08 UTC ]
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Choi wins £30k Sunday Times Audible Short Story Award

American author Susan Choi has won the 2021 Sunday Times Audible Short Story Award with her "luminous" story "Flashlight". Continue reading at The Bookseller

[ The Bookseller | 2021-07-09 16:07:00 UTC ]
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Panel Mania: Let's Make Dumplings!: A Comic Book Cookbook by Hugh Amano and Sarah Becan

Chef and author Hugh Amano and artist Sarah Becan followup their 2019 comic book cookbook on Ramen, with an equally useful comics guide to the global popularity of dumplings of all kinds—in this case, Asian dumplings. A six-page excerpt. Continue reading at Publishers Weekly

[ Publishers Weekly | 2021-07-07 04:00:00 UTC ]
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Quarto Group CEO Resigns

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[ Publishers Weekly | 2021-07-02 04:00:00 UTC ]
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S.A. Cosby delivers a riveting thriller and Kristen Radtke has a meditation on loneliness. Continue reading at The Washington Post

[ The Washington Post | 2021-06-29 16:58:20 UTC ]
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[ British Council global | 2021-06-29 14:19:46 UTC ]
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Willie Nelson’s Honest Answer About His New Book Makes Jimmy Fallon Walk Off Set

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[ The Huffington Post | 2021-06-26 09:56:05 UTC ]
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[ The Bookseller | 2021-06-24 16:20:24 UTC ]
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