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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Hooray, It’s Time for New Books!

This week's new books include an excellent graphic memoir, a fiercely honest memoir, and more. Continue reading at Book Riot

[ Book Riot | 2024-09-17 15:30:00 UTC ]
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Amazon’s Audiobook Narrators Can Now Make Their Own AI Voice Clones

Plus: Meta’s AI scrapes the UK, Google digitizes your passport, Chrome syncs your tabs everywhere, and (have you heard?) Apple announces some new iPhones. Continue reading at Wired

[ Wired | 2024-09-14 14:30:00 UTC ]
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Nine CEO Mike Sneesby quits after months of pressure over allegations of toxic culture

Departure comes after news director Darren Wick abruptly left in March and chairman Peter Costello resigned in JuneExit signs: a timeline of Nine Entertainment’s annus horribilisGet our breaking news email, free app or daily news podcastNine Entertainment’s chief executive, Mike Sneesby, will... Continue reading at The Guardian

[ The Guardian | 2024-09-11 23:32:56 UTC ]
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How to Make Reading Fun Again

We surveyed authors, editors, and booksellers on the current state of middle grade reading and what might bring readers back to books as a source of fun. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-06 04:00:00 UTC ]
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Page Street Makes First Foray into Adult Fiction with Horror Line

A new line of horror titles from the Salem, Mass.–based Page Street Publishing, set to launch in spring 2025 under the stewardship of editor Alexandra Murphy, will mark the publisher's first adult fiction program. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-05 04:00:00 UTC ]
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Get 2 Months of Kindle Unlimited Free During Their 10 Year Celebration

Kindle Unlimited is celebrating their tenth year with a sale: three months of KU for the price of one if you sign up by September 15th. Continue reading at Book Riot

[ Book Riot | 2024-09-03 14:11:16 UTC ]
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How 10 Days Off-Roading in Mexico Helped Me Navigate A Shifting Publishing Landscape

Except for a brief period, a few years ago. My wheels had finally found the ruts of a writer’s path: I had a viral essay and New York Times bylines. I had kneeled before Poets & Writers with a writing book and been tapped by their sword on my shoulder, included on their Best Books […] The... Continue reading at Electric Literature

[ Electric Literature | 2024-09-03 11:10:00 UTC ]
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A Fall Harvest of Titles for Kids and Teens: 10 Great New Children’s Books Out in September

I’d rather not acknowledge that fall is approaching, mostly because I’ve made an embarrassingly small dent in my summer reading pile over the past three months. But the signs of autumn are unmistakable. Kids are going back to school, political ads are ramping up on swing state TV screens, and... Continue reading at Literrary Hub

[ Literrary Hub | 2024-09-03 08:56:54 UTC ]
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After a 10-year Hiatus, Englewood Review of Books Relaunches its Book Publishing Arm

The Englewood Review of Books (ERB), the online review publication started in 2008, has announced that it will restart its book publishing program, thanks in part to a grant from the Lily Endowment. “We wanted to think differently about how we are prepared to contribute to the larger work,” said... Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-09-03 04:00:00 UTC ]
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Making peace with Spock: Adam Nimoy on reconciling with his famous father

Adam Nimoy, son of Leonard, has published a memoir that centers on the distance he felt from his father and the quest for reconciliation. We talk with Adam ahead of a double screening and talkback in Los Angeles this weekend. Continue reading at Los Angeles Times

[ Los Angeles Times | 2024-08-28 19:48:37 UTC ]
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15 open-source apps that make any Windows PC better — for free

One of the most exciting things about using a PC is the abundance of free software that’s available to users — so much so, that it can be hard to find the real gems. In fact, most people stop at the free versions of well-known commercial software, but there is a whole universe of... Continue reading at PC World

[ PC World | 2024-08-27 10:30:00 UTC ]
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Amazon’s Kindle just went on sale for the second time this year

If you’re an avid reader, an Amazon Kindle just makes sense. You can carry hundreds of books with you everywhere you go, and you don’t have to break your back doing it. The thing is, the Kindle doesn’t go on sale very often, which is why this rare discount is so exciting. Right now, you... Continue reading at PC World

[ PC World | 2024-08-26 16:30:38 UTC ]
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Martha Baillie on the Ethics of Making Literature From a Loved One’s Suffering

In all of Martha Baillie’s books you can feel her sister. Her words offer a portal to the multiplistic experiences of existence—to understand better how cut off we can be from each other and where true connection flickers too. This year, Baillie’s memoir There is No Blue was published by Granta... Continue reading at Electric Literature

[ Electric Literature | 2024-08-23 11:00:00 UTC ]
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Abu Dhabi International Book Fair Extended to 10 Days

An expanded Abu Dhabi International Book Fair, says Dr. Ali Bin Tamim, will help expand educational programming and book sales figures. The post Abu Dhabi International Book Fair Extended to 10 Days appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2024-08-22 22:25:41 UTC ]
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IBPA and EveryLibrary Make a Play for the Freedom to Read

We Are Stronger Than Censorship is a new program aiming to supply diverse books to young readers, which has begun fundraising and bringing partners on board ahead of a September 9 launch. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-08-22 04:00:00 UTC ]
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The 10 Most Interesting Questions in the World of Books and Reading

Some stories come and go, but there are some stories that are part of fundamental questions that the book world is asking and trying to answer. Here are the ten that I find to be the most important at the moment. Continue reading at Book Riot

[ Book Riot | 2024-08-21 10:00:00 UTC ]
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In hard times for media companies, these people are working to bolster Indigenous news coverage in Sask.

Times are hard for print media in Saskatchewan. This is true for Indigenous-focused news outlets just like any other. But some are adapting to change and hoping to inspire the next generation of Indigenous journalists. Continue reading at CBC

[ CBC | 2024-08-19 10:00:00 UTC ]
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The Google TV Streamer makes Apple TV look dated

The Google TV streamer, a Chromecast replacement, is truly an AI-first device, using Gemini to offer content summaries and screen savers. The Apple TV version, with Apple Intelligence, can’t be far behind. I’ve long been a fan of the Apple TV (Apple’s digital media player set-top, box–not to be... Continue reading at Fast Company

[ Fast Company | 2024-08-17 09:00:00 UTC ]
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