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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Watch 'Black Poets in a Time of Unrest' live

L.A. poet laureate Robin Coste Lewis and other poets share experiences and verse with L.A. Times Book Club readers. Continue reading at Los Angeles Times

[ Los Angeles Times | 2020-09-24 20:18:48 UTC ]
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Coronet acquires 'timely' debut exploring extinction and survival

Coronet has acquired the debut novel of Kate Sawyer examining life after near global extinction. Continue reading at The Bookseller

[ The Bookseller | 2020-09-24 19:02:14 UTC ]
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UK and USA: Financial Times and McKinsey Announce a Business Book of the Year Shortlist

Eligible for books originally published in English or in translation, the FT-McKinsey program looks for work to 'stand the test of time.' The post UK and USA: Financial Times and McKinsey Announce a Business Book of the Year Shortlist appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-09-23 20:22:39 UTC ]
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Ave Maria’s Publisher, CEO Retires

Tom Grady, CEO and publisher of Ave Maria Press, retires this month after 15 years at the Catholic press. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-09-23 04:00:00 UTC ]
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Get 'Linux Administration Cookbook' ($35.99 value) FREE for a limited time

Linux is one of the most widely used operating systems among system administrators, and even modern application and server development is heavily reliant on the Linux platform. The Linux Administration Cookbook is your go-to guide to get started on your Linux journey. It will help you understand... Continue reading at Betanews

[ Betanews | 2020-09-22 15:03:07 UTC ]
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Third of Pearson's shareholders vote against CEO's £7.2m pay package

Former Disney chairman Andy Bird is to take up job at education publishing group in OctoberPearson has suffered a significant shareholder revolt against controversial changes to its remuneration policy, which will grant its new chief executive a multimillion-dollar pay package.Almost a third of... Continue reading at The Guardian

[ The Guardian | 2020-09-18 14:02:55 UTC ]
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Inside the Washington Post newsroom: History-making moments and good gossip

Former editor Leonard Downie Jr. offers a behind-the-scenes account of his 44 years at the newspaper. Continue reading at The Washington Post

[ The Washington Post | 2020-09-18 12:00:00 UTC ]
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Macmillan: Don Weisberg To Succeed John Sargent as CEO; Susan Winslow Leads Learning

John Sargent departs as CEO of Macmillan on January 1, 2021 because of 'disagreements regarding the direction of Macmillan,' says Stefan von Holtzbrinck. The post Macmillan: Don Weisberg To Succeed John Sargent as CEO; Susan Winslow Leads Learning appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-09-17 15:16:05 UTC ]
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How to make the most of your internship

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[ The Bookseller | 2020-09-17 09:47:28 UTC ]
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'Hogwarts Legacy' will make you a wizard in 2021

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[ Engadget | 2020-09-16 20:27:10 UTC ]
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The best new audiobooks include a 30-year-old novel that’s as timely as ever

Gore Vidal’s “Hollywood” is finally getting the audiobook treatment, and not a moment too soon. Continue reading at The Washington Post

[ The Washington Post | 2020-09-14 12:00:00 UTC ]
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Did a Revolution in Latin American Publishing Make One Hundred Years of Solitude the Success It Is Today?

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[ Literrary Hub | 2020-09-11 08:48:47 UTC ]
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McAnulty, Demick and Summerscale make Baillie Gifford Prize longlist

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[ The Bookseller | 2020-09-10 02:50:25 UTC ]
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Susanna Clarke’s infinitely clever ‘Piranesi’ is enough to make you appreciate life in quarantine

Fans of “Jonathan Strange & Mr Norrell” have waited a long time for Clarke’s second novel. Continue reading at The Washington Post

[ The Washington Post | 2020-09-08 16:23:45 UTC ]
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McAnulty makes history with Wainwright Prize win

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[ The Bookseller | 2020-09-08 07:56:58 UTC ]
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Lecrae Opens Up on Healing in Chaotic Times

In I Am Restored, the award-winning hip hop artist bares all his traumas and how he rediscovered his faith with a balance of therapy and theology. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-09-08 04:00:00 UTC ]
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Attention to diversity has yet to pay much heed to us, but we are the biggest minority in the world, so if space is cleared everyone stands to win As a disabled writer, it has been a little strange to watch publishers rush to put on online events during the pandemic. Authors have been... Continue reading at The Guardian

[ The Guardian | 2020-09-04 14:00:57 UTC ]
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B&N Knocks Out Defamation Claim by Fired CEO

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[ Publishers Weekly | 2020-09-04 04:00:00 UTC ]
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Octavia Butler has finally made the New York Times Best Seller list.

Why aren’t there more Science Fiction Black writers? There aren’t because there aren’t. What we don’t see, we assume can’t be. What a destructive assumption. —Octavia E. Butler, in Octavia E. Butler: Telling My Stories.   A small good thing amid the unrelenting horror: This week, almost fifty... Continue reading at Literrary Hub

[ Literrary Hub | 2020-09-03 16:37:21 UTC ]
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The Blair Partnership has appointed Israeli pop singer and Eurovision winner Dana International as an agent-at-large for writers from the LGBTQ community. Continue reading at The Bookseller

[ The Bookseller | 2020-09-03 06:08:08 UTC ]
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