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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McGuinness wins £10,000 Encore Award for Throw Me To The Wolves

Patrick McGuinness has won the £10,000 RSL Encore Award for his “beautiful, haunting thriller” Throw Me To The Wolves (Jonathan Cape). Continue reading at The Bookseller

[ The Bookseller | 2020-06-25 15:04:28 UTC ]
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B&N Makes HQ Layoffs

Even as its stores reopen, Barnes & Noble has laid off a number of employees at its headquarters, including some book buyers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-06-25 04:00:00 UTC ]
More news stories like this | News stories tagged with: #stores reopen #barnes noble #book buyers


NPR, APM and Vibenomics Make a Play for Audio at NewFronts

At the 2020 Digital Content NewFronts today, three companies presented about the future of audio--a visual sales pitch for an aural medium. National Public Radio and American Public Media's Marketplace each put their radio and podcast hosts front-and-center, selling reliable news and audience... Continue reading at AdWeek

[ AdWeek | 2020-06-24 21:17:51 UTC ]
More news stories like this | News stories tagged with: #aural medium #covid-19 pandemic #digital content


Barstool Sports CEO on Why Advertisers Shouldn’t Be Scared of the Edgy Platform

Dave Portnoy launched Barstool Sports in 2003 as a print publication about sports gambling and fantasy sports projections. In the later 2000s, it became a company known for raunchy blog posts and throwing paint parties for college students at bars. Fast-forward to 2020, and it's one of the most... Continue reading at AdWeek

[ AdWeek | 2020-06-23 22:10:32 UTC ]
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Navajo Times Closes for Two Weeks Due to Coronavirus

The Navajo Times Publishing Company Inc. will close its doors for 14 days beginning today (Friday, June 19) due to Continue reading at Editor & Publisher

[ Editor & Publisher | 2020-06-23 18:07:46 UTC ]
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“The greatest sci-fi work of all time,” Foundation, finally has a YouTube trailer.

Isaac Asimov’s Foundation trilogy has long been one of the great unadaptable science fiction works (read more on that here, along with a catalogue of Asimov’s awful serial harassment of women), but after 50 years, it has finally made it to screens. Starring noted tall man, Lee Pace (along with... Continue reading at Literrary Hub

[ Literrary Hub | 2020-06-23 14:28:10 UTC ]
More news stories like this | News stories tagged with: #isaac asimov #foundation trilogy #finally made #lee pace #science fiction


10 Works of Literary Fiction for Runners

Over the past few months, as gyms and yoga studios and fitness centers have remained closed, many of you antsy yogis and barre-enthusiasts and Zumba-addicts have gone back to that most elemental of exercises: the run. For those of us who like to read and run, well, plenty of books on the subject... Continue reading at Literrary Hub

[ Literrary Hub | 2020-06-23 08:49:25 UTC ]
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Winterson, Black and O'Connor make Polari Prize longlist

This year's Polari Prize longlist sees titles from Jeanette Winterson, Dustin Lance Black and Joseph O'Connor in the running for the £2,000 award. Continue reading at The Bookseller

[ The Bookseller | 2020-06-23 05:03:35 UTC ]
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Diversity: Macmillan USA Makes Major Changes in Management Approach

To make the company ' more representative of the world around us,' CEO John Sargent writes, Macmillan USA is establishing a new management committee. The post Diversity: Macmillan USA Makes Major Changes in Management Approach appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-06-22 20:55:22 UTC ]
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This Website Makes It Easier to Buy Anti-Racist Books From Black-owned Bookstores

In the weeks since the May 25 killing of George Floyd in Minneapolis, books about anti-racism have consistently topped bestseller lists. Many of these books have been purchased from the likes of Amazon and Barnes & Noble. To try and funnel some of these sales to Black-owned bookstores... Continue reading at AdWeek

[ AdWeek | 2020-06-19 21:16:38 UTC ]
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Bandcamp will make annual Juneteenth donations to the NAACP

Bandcamp has announced that this Friday, June 19, it will donate 100 percent of its share of sales to the NAACP legal defense fund -- and that it will do so annually. In its announcement, the music publishing platform cited the killings of George Flo... Continue reading at Engadget

[ Engadget | 2020-06-19 08:30:48 UTC ]
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The time for publishers to get serious about anti-racism was yesterday

July 13, 2013 was a heavy day in New York City. The summer swelter hung in the air like steam rising from a hot, damp cloth. Hustling up the steps from the subway, I legitimately could not tell whether the subterranean stifle was stickier than the “relief” awaiting me at street level. If... Continue reading at The Bookseller

[ The Bookseller | 2020-06-18 20:01:52 UTC ]
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Kathryn Hind wins £10,000 Betty Trask Prize at SoA Awards

Kathryn Hind, Stacey Halls and Okechukwu Nzelu are among the winners of this year's £100,000 Society of Author Awards. Continue reading at The Bookseller

[ The Bookseller | 2020-06-17 22:31:09 UTC ]
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Eddo-Lodge tops the charts to make BookScan history

Reni Eddo-Lodge's Why I'm No Longer Talking to White People About Race (Bloomsbury) has leapt into the UK Official Top 50 number one spot, making her the first black British author to hit the weekly overall number one in the Nielsen BookScan era. Continue reading at The Bookseller

[ The Bookseller | 2020-06-16 07:29:33 UTC ]
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DC is making HBO Max-inspired comic books for some reason

In addition to its originals and exclusives, HBO Max now has an original digital comic book series as well. Warner Media partnered with DC Comics to publish To The Max, which tells stories about “everyday people achieving their maximum potential,” ac... Continue reading at Engadget

[ Engadget | 2020-06-15 18:28:41 UTC ]
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Grab an Amazon Kindle for $65 in time for Father's Day

If you're scrambling to find something to give your dad for Father's Day, why not encourage them to read more by grabbing them an e-reader? Amazon has discounted its base model Kindle by $25, making it currently $65. You can also get the ad-free vers... Continue reading at Engadget

[ Engadget | 2020-06-15 16:15:58 UTC ]
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10 of the Best Ballads in English Literature

Traditionally, a ballad was a song that was designed to be danced to, as the etymology of the word, Provençal balada meaning ‘dance, song to dance to’, ultimately from late Latin ballare. The great British ballads – and we say ‘British’ because many of them were Scottish rather than English... Continue reading at Interesting Literature

[ Interesting Literature | 2020-06-14 14:00:45 UTC ]
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Black Bookstore Selling Out of Books For First Time in 30 Years: Critical Linking, June 14, 2020

An awesome daily roundup of the most interesting bookish links from around the web. Continue reading at Book Riot

[ Book Riot | 2020-06-14 10:30:00 UTC ]
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Author Bernardine Evaristo: 'This is a history-making moment'

Author Bernardine Evaristo becomes the first black British woman to top the UK paperback fiction chart. Continue reading at BBC News

[ BBC News | 2020-06-12 11:06:56 UTC ]
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Coalition Presses Tattered Cover to Make Changes

Controversy still swirls about the Tattered Cover after its co-owners' public declaration of neutrality on political issues. Although the store issued an apology, a coalition of individuals and literary organizations are demanding that the store become more inclusive. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-06-12 04:00:00 UTC ]
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