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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Meredith Cuts Salaries, Expands Ad Guarantee to Make Up for Revenue Decline

Facing what it called "a significant decline in advertising revenues" as a result of the COVID-19 pandemic, Meredith Corp. says it's implementing sweeping pay cuts across 60% of its approximately 5,000 employees, suspending quarterly dividends and withdrawing the 2020 fiscal outlook it... Continue reading at Folio Magazine

[ Folio Magazine | 2020-04-20 17:45:12 UTC ]
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Here’s the shortlist for the £10,000 Ondaatje Prize.

Today, the shortlist for the Royal Society of Literature’s Ondaatje Prize was announced. This £10,000 prize is awarded every year to a book—be it fiction, nonfiction, or poetry—that best evokes the spirit of a place. In other words: here’s a great reading list for armchair travel if you are... Continue reading at Literrary Hub

[ Literrary Hub | 2020-04-20 15:33:02 UTC ]
More news stories like this | News stories tagged with: #royal society


Macfarlane, Shafak and Robinson make Ondaatje Prize shortlist

Robert Macfarlane, Elif Shafak and Roger Robinson are among the writers shortlisted for this year's £10,000 Royal Society of Literature Ondaatje Prize. Continue reading at The Bookseller

[ The Bookseller | 2020-04-20 11:07:07 UTC ]
More news stories like this | News stories tagged with: #robert macfarlane #elif shafak #roger robinson #writers shortlisted


Carty-Williams, Stibbe and O'Leary make Comedy Women in Print Prize longlist

Candice Carty-Williams, Nina Stibbe and Beth O'Leary are among the authors longlisted for this year's Comedy Women in Print Prize. Continue reading at The Bookseller

[ The Bookseller | 2020-04-19 22:33:02 UTC ]
More news stories like this | News stories tagged with: #candice carty-williams #nina stibbe #authors longlisted #comedy women #print prize


Stay inside with the 10 best books of April

Staying indoors will feel like an adventure with this roundup of titles ranging from romance to historical fiction to memoir. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2020-04-17 23:30:56 UTC ]
More news stories like this | News stories tagged with: #stay inside #staying indoors #titles ranging #historical fiction


Stay inside with the 10 best books of April

Staying indoors will feel like an adventure with this roundup of titles ranging from romance to historical fiction to memoir. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2020-04-17 23:30:56 UTC ]
More news stories like this | News stories tagged with: #stay inside #staying indoors #titles ranging #historical fiction


Stay inside with the 10 best books of April

Staying indoors will feel like an adventure with this roundup of titles ranging from romance to historical fiction to memoir. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2020-04-17 23:30:56 UTC ]
More news stories like this | News stories tagged with: #stay inside #staying indoors #titles ranging #historical fiction


Madeleine L’Engle’s early short stories presage ‘A Wrinkle in Time’

A reviewer reflects on reading “The Moment of Tenderness,” a collection of short stories, and then returning to the 1963 novel she loved growing up. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2020-04-17 23:14:00 UTC ]
More news stories like this | News stories tagged with: #reviewer reflects #loved growing #short stories


Madeleine L’Engle’s early short stories presage ‘A Wrinkle in Time’

A reviewer reflects on reading “The Moment of Tenderness,” a collection of short stories, and then returning to the 1963 novel she loved growing up. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2020-04-17 23:14:00 UTC ]
More news stories like this | News stories tagged with: #reviewer reflects #loved growing #short stories


Madeleine L’Engle’s early short stories presage ‘A Wrinkle in Time’

A reviewer reflects on reading “The Moment of Tenderness,” a collection of short stories, and then returning to the 1963 novel she loved growing up. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2020-04-17 23:14:00 UTC ]
More news stories like this | News stories tagged with: #reviewer reflects #loved growing #short stories


Here are the winners of this year’s LA Times Book Prizes.

This is the 40th year of the Los Angeles Times Book Prizes (which celebrates excellence in the following twelve categories as well as champions new writers), but it is the first time the winners were announced on Twitter. You can feel like you’re a part of the virtual celebration with this video... Continue reading at Literrary Hub

[ Literrary Hub | 2020-04-17 18:00:36 UTC ]
More news stories like this | News stories tagged with: #40th year #celebrates excellence #virtual celebration #times book


Coronavirus is topic one among newly announced L.A. Times Book Prize winners

The 14 Times book prize winners, including Steph Cha, Namwali Serpell, Marlon James and George Packer, were honored in a virtual ceremony on Twitter. Continue reading at Los Angeles Times

[ Los Angeles Times | 2020-04-17 15:53:24 UTC ]
More news stories like this | News stories tagged with: #newly announced #namwali serpell #marlon james #george packer #virtual ceremony #times book


How language can destroy or rebuild, per Times Book Prize fiction winner Ben Lerner

The author of "The Topeka School," winner of the 2019 Times Book Prize for fiction, speaks on poetry, debate, citizenship and crisis homeschooling. Continue reading at Los Angeles Times

[ Los Angeles Times | 2020-04-17 15:30:20 UTC ]
More news stories like this | News stories tagged with: #topeka school #times book


Los Angeles Times Book Prizes Revealed on Twitter

As the country shelters in place during the COVID-19 crisis, the Los Angeles Times unveiled the winners of its 40th Annual Book Prizes on Twitter this morning, among them Marlon James, Ilya Kaminsky, and Ben Lerner. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-17 04:00:00 UTC ]
More news stories like this | News stories tagged with: #covid-19 crisis #marlon james #ilya kaminsky #ben lerner #times book


The 10 types of readers you meet during a quarantine

From escapist fantasy fans to romance enthusiasts, readers are turning to a variety of books while stuck at home. Continue reading at The Washington Post

[ The Washington Post | 2020-04-16 13:53:21 UTC ]
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How can skill swapping help self-employed publishing professionals and jobseekers in a time of Coronavirus?

Laura Summers, creator of BookMachine, explains how skill swapping can build connections for self-employed publishing people during the lockdown Continue reading at The Bookseller

[ The Bookseller | 2020-04-15 13:43:15 UTC ]
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Jeffrey Archer does 10-year foreign rights deal with Saga Egmont

Jeffrey Archer has signed a deal with digital publisher Saga Egmont to make his 37 books available across 11 languages. Continue reading at The Bookseller

[ The Bookseller | 2020-04-15 09:23:29 UTC ]
More news stories like this | News stories tagged with: #jeffrey archer #saga egmont #egmont #digital publisher


Orion makes child's play of next acquisition for parents home-schooling

Orion has acquired the first book from Early Years specialist and playHOORAY! founder Claire Russell, to publish in e-book next week. Continue reading at The Bookseller

[ The Bookseller | 2020-04-15 07:21:34 UTC ]
More news stories like this | News stories tagged with: #e-book


Closed libraries are offering parking lot Wi-Fi, e-books, and Zoom story time

Even when shuttered by the coronavirus pandemic, libraries are coming up with creative ways to serve their communities. On March 16, the El Dorado County Library in California closed its doors to patrons after a state-wide stay-at-home order. But that hasn’t stopped the library, which serves... Continue reading at Fast Company

[ Fast Company | 2020-04-15 07:00:32 UTC ]
More news stories like this | News stories tagged with: #closed libraries #coronavirus pandemic #creative ways #libraries


Exciting Times

‘There was something Shakespearean about imperious men going down on you: the mighty have fallen.’ An extract from Naoise Dolan’s debut novel Exciting Times. The post Exciting Times appeared first on Granta. Continue reading at Granta

[ Granta | 2020-04-14 08:55:03 UTC ]
More news stories like this | News stories tagged with: #exciting times #naoise dolan #debut novel