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 Funniest Comic Writers in English

Selected by Dr Oliver Tearle English literature has a rich tradition of comic writing. From Chaucer’s ‘Miller’s Tale’ to Shakespeare’s Falstaff to the early comic novels of Smollett, Sterne, Fielding, and Swift, there are plenty of laughs to be had from the pages of the literary greats. But what... Continue reading at Interesting Literature

[ Interesting Literature | 2020-10-08 14:00:57 UTC ]
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W&N signs Clark on history-making Tudor ladies-in-waiting

Weidenfeld & Nicolson is publishing a narrative history of Tudor ladies-in-waiting, the "oft-overlooked yet hugely influential figures of the Tudor court", by Dr Nicola Clark Continue reading at The Bookseller

[ The Bookseller | 2020-10-07 09:15:33 UTC ]
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Mindy Kaling’s new essays are lightweight entertainment for trying times

For better or worse, the six stories in “Nothing Like I Imagined (Except for Sometimes)” deliver pure fluff. Continue reading at The Washington Post

[ The Washington Post | 2020-10-06 12:00:00 UTC ]
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10 of the Best Manga Friendships

Do you love reading about platonic relationships in comics? Then check out this list of some of the best manga friendships. Continue reading at Book Riot

[ Book Riot | 2020-10-06 10:42:00 UTC ]
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Sarah Hall wins BBC National Short Story Award for second time

Sarah Hall has become the first author to win the BBC National Short Story Award twice in its 15-year history.  Continue reading at The Bookseller

[ The Bookseller | 2020-10-06 01:38:09 UTC ]
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V&A to close dedicated bookshop and cut 10% of staff as Covid-19 hits finances

The Victoria & Albert Museum is closing its dedicated bookshop and making 103 roles redundant across its retail and visitor experience teams as the Covid-19 crisis hits its finances. Continue reading at The Bookseller

[ The Bookseller | 2020-10-05 09:58:53 UTC ]
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Layfield makes first acquisition in Manchester-based role

Emma Layfield, Hachette Children's Group picture book development director (North), has acquired three picture books from spoken-word poet Tony Walsh as her first acquisition in her new role in Hachette's Manchester office.  Continue reading at The Bookseller

[ The Bookseller | 2020-10-05 02:22:05 UTC ]
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8 Science Fiction Novels by Authors of Color for the End Times

Are these the end times? Who knows! Settle into this current quasi-dystopian reality with recent books by American writers of color. Continue reading at Book Riot

[ Book Riot | 2020-10-02 10:35:59 UTC ]
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Ways to Make Sunshine by Renée Watson, Read by Sisi Aisha Johnson

Every Monday through Friday, AudioFile’s editors recommend the best in audiobook listening. We keep our daily episodes short and sweet, with audiobook clips to give you a sample of our featured listens. Narrator Sisi Aisha Johnson embodies all of the joy and light of fourth grader Ryan Hart in... Continue reading at Literrary Hub

[ Literrary Hub | 2020-10-02 09:13:44 UTC ]
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Ahem: Here is a poem about J.J. Abrams making a Dr. Seuss movie.

Congratulations! Today is your day! You’re off to great places! Like a galaxy far, far away! J.J. Abrams of Star Wars fame has arrived. And he is bringing you a big surprise! Oh, The Places You’ll Go! is coming to the screen! A stranger sight you’ve never seen. He’s working with Warner Bros on... Continue reading at Literrary Hub

[ Literrary Hub | 2020-10-01 20:19:08 UTC ]
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John Steinbeck and biographer William Souder make a perfect pair

“Mad at the World” captures Steinbeck in the kind of nuanced and unshowy prose that suits its subject. Continue reading at The Washington Post

[ The Washington Post | 2020-10-01 12:33:21 UTC ]
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Network to make children's publishing less London-centric, say CBN founders

The founders of Children's Book North have advised industry staffers in the north to network as they look to reduce publishing's London focus.  Continue reading at The Bookseller

[ The Bookseller | 2020-09-30 20:38:57 UTC ]
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10 books to read in October

The fall crop is especially abundant this year, including new novels by Jess Walter and Tana French. Continue reading at The Washington Post

[ The Washington Post | 2020-09-30 12:00:00 UTC ]
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When book storage is limited, people get desperate. Don’t make the mistakes I did.

I suppose I knew a greenhouse wasn’t the ideal place for some of my most treasured possessions. Continue reading at The Washington Post

[ The Washington Post | 2020-09-30 06:36:07 UTC ]
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Are the illustrations in children’s books making kids… dumber?                            

I always loved giving my son a picture book rich in detail and watching him get lost in it, thereby gaining a few moments of peace and grown-up solitude—but now science is telling me I may have made him dumber.* According to a very cruel study at Carnegie Mellon University, in which researchers... Continue reading at Literrary Hub

[ Literrary Hub | 2020-09-28 13:51:06 UTC ]
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The Times drops the mother lode on Trump’s taxes

Yesterday, the New York Times reporters Russ Buettner, Susanne Craig, and Mike McIntire—and if you recognize the byline you’ll know where this sentence is headed—published a mammoth story based on recent tax returns that President Trump filed with the Internal Revenue Service, records that the... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2020-09-28 12:10:20 UTC ]
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For Banned Books Week, I read the country’s 10 most challenged books. The gay penguins did not corrupt me.

The fact that these insightful, helpful and encouraging books are meeting such resistance is a distressing sign. Continue reading at The Washington Post

[ The Washington Post | 2020-09-28 12:00:00 UTC ]
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London Library offer e-book loans for first time

The London Library has started offering e-book loans to its members for the first time in a partnership with OverDrive. Continue reading at The Bookseller

[ The Bookseller | 2020-09-28 00:23:57 UTC ]
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Fourth Estate wins 10-publisher auction for French sensation I Hate Men

Fourth Estate has won a 10-publisher auction for Pauline Harmange’s I Hate Men, which caused a storm on its release in France, with calls for it to be banned. Continue reading at The Bookseller

[ The Bookseller | 2020-09-27 13:23:29 UTC ]
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For Comey, time has not healed a major wound

The former FBI director was certain that history would vindicate him. But instead, it has made things even worse. Continue reading at The Washington Post

[ The Washington Post | 2020-09-25 05:02:29 UTC ]
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