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

Other Publishing stories related to: 'New NY Times CEO could make $10.5M'


What Makes a Great American Essay?

Phillip Lopate spoke to Literary Hub about the new anthology he has edited, The Glorious American Essay. He recounts his own development from an “unpatriotic” young man to someone, later in life, who would embrace such writers as Ralph Waldo Emerson, who personified the simultaneous darkness and... Continue reading at Literrary Hub

[ Literrary Hub | 2020-11-17 09:49:35 UTC ]
More news stories like this | News stories tagged with: #literary hub #anthology


New York Times reports News Corp bid for S&S

Rupert Murdoch's media giant News Corp has made a bid for Simon & Schuster, according to a report in the New York Times. Continue reading at The Bookseller

[ The Bookseller | 2020-11-17 08:28:03 UTC ]
More news stories like this | News stories tagged with: #rupert murdoch #simon schuster #news corp


‘Reestablishing our journalistic value’: Publishers make more of their exclusive subscriber content

As much as 10% of the content that some news publishers produce is now available only to paying readers. The post ‘Reestablishing our journalistic value’: Publishers make more of their exclusive subscriber content appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2020-11-17 05:01:17 UTC ]
More news stories like this | News stories tagged with: #paying readers #publishers make


10 Book Club Subscription Gifts To Treat Your Bookish Besties

Book club subscription gifts or boxes are a great choice to keep your book loving besties stocked with plenty of reading choices this winter. Continue reading at Book Riot

[ Book Riot | 2020-11-16 11:34:00 UTC ]
More news stories like this | News stories tagged with: #great choice #reading choices #book club


Pandemic drives ebook and audiobook sales by UK publishers to all-time high

Printed book sales plunge in first six months of 2020 on back of shop and school closuresSee all our coronavirus coverageSales of digital books by British publishers are set to hit an all-time high this year as the public turns to reading to escape pandemic cabin fever.However, the ebook and... Continue reading at The Guardian

[ The Guardian | 2020-11-14 07:00:02 UTC ]
More news stories like this | News stories tagged with: #audiobook sales #uk publishers #all-time high #british publishers #audiobook boom #high cost #global sales #printed books #high streets #schools closed #coronavirus lockdown #digital books #printed book #audiobook


Lone Star Stories: The 10 Best Books About Texas

a great book about Texas should not only contain historical fact, it should give readers an impression of the Lone Star state—its scents, sights, and sensations—as well as what it feels like to be a human being of fragile flesh and blood in that immense, brutal, and beautiful land. The post Lone... Continue reading at The Millions

[ The Millions | 2020-11-13 11:00:16 UTC ]
More news stories like this | News stories tagged with: #give readers #beautiful land #great book


For Libraries, a Time of Caution and Optimism

As Covid-19 cases surge, librarians are putting safety first and finding a path forward. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-11-13 05:00:00 UTC ]
More news stories like this | News stories tagged with: #path forward


California’s Self-help and Spirituality Publishers Make a Difference

California’s self-help and spirituality publishers step up to provide encouragement Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-11-13 05:00:00 UTC ]
More news stories like this | News stories tagged with: #publishers make


10 Manga Like THE GAMER To Read After Catching Up With The Series

These are our favorite manhwa and manga like The Gamer to check out if you can’t get enough of this popular manhwa. Read on. Continue reading at Book Riot

[ Book Riot | 2020-11-11 11:39:00 UTC ]
More news stories like this | News stories tagged with: #manga


Children's books eight times as likely to feature animal main characters than BAME people

According to UK study, just 5% of children’s books have black, Asian or minority ethnic protagonists – a small improvement from 1% in 2017Two years after the stark revelation that only 1% of British children’s books featured a main character who was black, Asian or minority ethnic, the... Continue reading at The Guardian

[ The Guardian | 2020-11-11 00:01:23 UTC ]
More news stories like this | News stories tagged with: #british children #books featured #main character


Making virtual local

When we started planning Book Week Scotland 2020, the natural fit for the theme was future: the year was filled with exciting possibilities and interactive, grassroot community projects. At Scottish Book Trust, planning that started in February soon shuddered to a halt: although we didn’t know... Continue reading at The Bookseller

[ The Bookseller | 2020-11-10 20:24:05 UTC ]
More news stories like this | News stories tagged with: #natural fit #libraries #physical book #scottish book #book week


Biden time

Like many of you, last week was spent with interrupted sleep, a constant eye on US news channels and fingers crossed. This weekend brought with it the news that, subject to legal challenge, Joe Biden will become the 46th President of the United States. Putting the politics briefly to one side,... Continue reading at The Bookseller

[ The Bookseller | 2020-11-09 05:21:20 UTC ]
More news stories like this | News stories tagged with: #news channels #fingers crossed #legal challenge #joe biden #historic moment #global pandemic #important moment


The Gift of Time

Writers stuck at home during the pandemic can either binge more Netflix or get down to work Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-11-06 05:00:00 UTC ]
More news stories like this |


What Encantos CEO Steven Wolfe Pereira is reading

A reading list for today’s entrepreneurs. 1. Out of Our Minds: The Power of Being Creative, Sir Ken Robinson Educator Sir Ken Robinson’s TED Talk “How Schools Kill Creativity” [is amazing]. He explores why it’s essential to [foster] creativity in education, work, and life.Read Full Story Continue reading at Fast Company

[ Fast Company | 2020-11-05 07:00:36 UTC ]
More news stories like this | News stories tagged with: #ted talk


Ellery Lloyd | 'We absolutely didn’t want to make Emmy a demon'

This January, crime will pay — for publishers at least. It’s a strong month for nefarious tales of all hues but the best psychological thriller in ages comes from a brand new name, Ellery Lloyd, a pseudonym for husband-and-wife writing team Collette Lyons and Paul Vlitos. Their first book... Continue reading at The Bookseller

[ The Bookseller | 2020-11-04 10:27:16 UTC ]
More news stories like this | News stories tagged with: #psychological thriller


How the Literary World Reinvented the Book Festival in Real Time

As the literary world moved online in 2020, a central question for many organizations was how to manage the annual festivals that gather thousands of readers from around the world. Here, the directors of five festivals—Sara Ortiz of the Believer Festival, Lissette Mendez of the Miami Book Fair,... Continue reading at Literrary Hub

[ Literrary Hub | 2020-11-03 09:57:24 UTC ]
More news stories like this | News stories tagged with: #real time #central question #lissette mendez #literary hub #book festival #literary world


Retail site Bookshop makes £65k sales on UK launch day

New online retailer Bookshop.org secured sales of around £65,000 in its first day, making £16,000 for indies. Continue reading at The Bookseller

[ The Bookseller | 2020-11-02 12:21:42 UTC ]
More news stories like this | News stories tagged with: #bookshop


What Do We Owe Our Comunity in a Time of Crisis?

In her first novel published in 14 years, author Julia Alvarez explores grief, isolation, and sisterhood. Afterlife follows Antonia, a writer and retiring English professor, who has just lost her husband Sam. As she reimagines what her life will be without her husband, Antonia also struggles... Continue reading at Electric Literature

[ Electric Literature | 2020-11-02 12:00:33 UTC ]
More news stories like this | News stories tagged with: #electric literature #first novel


McAnulty, Bennett and O’Farrell make Waterstones Book of the Year shortlist

Dara McAnulty, Brit Bennett and Maggie O’Farrell are among the authors shortlisted for the Waterstones Book of the Year 2020 title. Continue reading at The Bookseller

[ The Bookseller | 2020-11-02 04:03:38 UTC ]
More news stories like this | News stories tagged with: #dara mcanulty #brit bennett #year shortlist #authors shortlisted #waterstones book #book of the year


Thalia Mayersche makes strategic partnership with Osiander

German bookseller Osiander’s shock decision to enter a strategic partnership with Thalia Mayersche is sending ripples of concern throughout the industry. Continue reading at The Bookseller

[ The Bookseller | 2020-11-01 19:10:51 UTC ]
More news stories like this | News stories tagged with: #strategic partnership #german bookseller