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

Other Publishing stories related to: 'New NY Times CEO could make $10.5M'


Making Sense of a Bullshit Society: A Reading List by Malcolm Harris

How did everything get so bad, so fast? For young Americans, trust in society and its various institutions is at historical lows. These books comprise a solid intro to the mechanics of our totally fucked up and bullshit American society in 2020. There’s no Trump on the list, but if you read the... Continue reading at Literrary Hub

[ Literrary Hub | 2020-02-25 09:49:35 UTC ]
More news stories like this | News stories tagged with: #bullshit society #making sense #malcolm harris #young americans #totally fucked


China Sentences Hong Kong Bookseller to 10 Years in Prison

Gui Minhai, a Chinese-born Swedish citizen, ran a publishing house that appeared to anger the Communist Party Continue reading at The New York Times

[ The New York Times | 2020-02-25 06:02:16 UTC ]
More news stories like this | News stories tagged with: #gui minhai #communist party #bookseller


AT&T boosts spending on R&D after four years of declines amid Time Warner buy, investments

AT&T Inc. managed something it hasn’t since 2014: An increase in spending on research and development. The Dallas telecommunications and now media company increased in investment in R&D last year by about $80 million to $1.28 billion, an increase of about 7 percent, it said in its... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2020-02-24 22:58:29 UTC ]
More news stories like this | News stories tagged with: #time warner


Gui Minhai given 10-year sentence by Chinese court

Hong Kong bookseller Gui Minhai has been jailed for 10 years by a Chinese court for “illegally providing intelligence overseas”. Continue reading at The Bookseller

[ The Bookseller | 2020-02-24 22:55:21 UTC ]
More news stories like this | News stories tagged with: #gui minhai #bookseller


10 of the Biggest Book Deals in History

Ever wonder just how big a book deal payout can be? One reader ranked ten of the biggest book deals in history. Continue reading at Book Riot

[ Book Riot | 2020-02-24 11:33:50 UTC ]
More news stories like this | News stories tagged with: #book deal


David Nicholls joins Sunday Times Audible Short Story Award 2020 judging panel

Bestselling author and screenwriter David Nicholls has joined the Sunday Times Audible Short Story Award 2020 judging panel.  Continue reading at The Bookseller

[ The Bookseller | 2020-02-23 22:37:04 UTC ]
More news stories like this | News stories tagged with: #bestselling author


Gallery Books Marks 10 Years

The imprint, born the “love child of the merger of Pocket Books and Simon Spotlight Entertainment” in 2010, marked a decade in the business this January. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-02-21 05:00:00 UTC ]
More news stories like this | News stories tagged with: #pocket books


The L.A. Times announces its 2019 Book Prize finalists and a new award for science fiction.

It’s an exciting year for the Los Angeles Times Book Prizes! This will be its 40th year of celebrating the literary community. The Times announced their 2019 Book Prize finalists today; the winners will be announced at a ceremony in Los Angeles on April 17th. Additionally, bestselling crime... Continue reading at Literrary Hub

[ Literrary Hub | 2020-02-19 17:41:26 UTC ]
More news stories like this | News stories tagged with: #science fiction #40th year #literary community #april 17th #times book #book prize


Ronan Farrow, Emily Bazelon and Colson Whitehead among L.A. Times Book Prize finalists

The 2019 Los Angeles Times Book Prizes honor crime novelist Walter Mosley for lifetime achievement. Continue reading at Los Angeles Times

[ Los Angeles Times | 2020-02-19 14:00:25 UTC ]
More news stories like this | News stories tagged with: #ronan farrow #colson whitehead #lifetime achievement #times book


Faber pre-empts Ross' 'rare' love story 15 years in the making

Faber has pre-empted Leone Ross' "lightning bolt of a novel", about two star-crossed lovers finding their way back to one another over a single day. Continue reading at The Bookseller

[ The Bookseller | 2020-02-18 18:09:43 UTC ]
More news stories like this | News stories tagged with: #lightning bolt #single day


10 new books to get you through the week.

Every week, the TBR pile grows a little bit more. It’s getting precarious. It’s taking up your whole nightstand. It’s threatening to crush you in your sleep. Well, what are you waiting for? Get cracking. What are you reading this week?   FICTION Brandon Taylor, Real Life (Riverhead) Brandon... Continue reading at Literrary Hub

[ Literrary Hub | 2020-02-18 16:20:28 UTC ]
More news stories like this | News stories tagged with: #takes place #first novel


10 Eco-Friendly Gifts for the Book Lover You Love

Here's ten eco-friendly gifts for that book lover in your life from Etsy, who offset the carbon emissions created from shipping. Continue reading at Book Riot

[ Book Riot | 2020-02-18 11:35:27 UTC ]
More news stories like this | News stories tagged with: #book lover


PRH Makes Progress in Green Initiatives

Following the February 17 announcement by Penguin Random House parent company Bertelsmann that the conglomerate will be carbon neutral by 2030, PRH global CEO Markus Dohle sent a letter to employees outlining the publisher’s role in helping Bertelsmann achieve that target. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-02-18 05:00:00 UTC ]
More news stories like this | News stories tagged with: #carbon neutral #bertelsmann #penguin random house


OUP makes a start on its gender pay gap

The latest gender pay gap report released by Oxford University Press shows a small lessening of its median pay gap, down just under 1% to 12.5% in the year to March 2019. Continue reading at The Bookseller

[ The Bookseller | 2020-02-14 02:08:39 UTC ]
More news stories like this | News stories tagged with: #oxford university press


Mission Rocío: From Quito to Paris and Guadalajara, Saving the Earth One Poem at a Time, by Alice-Catherine Carls

Cultural Cross Sections Alice-Catherine Carls Pachamama / Pichincha / Photo by Scipio Rocío Durán-Barba / Photo by Stephen Carls Rocío Durán-Barba is one of the most important voices of Latin American literature today. The author of more than fifty... Continue reading at World Literature Today

[ World Literature Today | 2020-02-13 15:00:14 UTC ]
More news stories like this | News stories tagged with: #executive committee #anthology #american literature


First published in 1924, ‘Still She Wished for Company’ makes for a delicious, if bittersweet, Valentine’s Day treat

The novel, which enters the public domain this year, is one of the pioneering works of paranormal or “time-slip” romance. Continue reading at The Washington Post

[ The Washington Post | 2020-02-12 19:00:00 UTC ]
More news stories like this | News stories tagged with: #day treat #public domain #pioneering works #time-slip romance


The Graveyard Talks Back: Arundhati Roy on Fiction in the Time of Fake News

Below is the text of the 2020 Clark Lecture in English Literature instituted by Trinity College, Cambridge. * Thank you for inviting me to deliver this, the Clark Lecture, now in its 152nd year. When I received the invitation, I scrolled down the list of previous speakers, the many “Sirs” and... Continue reading at Literrary Hub

[ Literrary Hub | 2020-02-12 09:49:50 UTC ]
More news stories like this | News stories tagged with: #arundhati roy #fake news #trinity college #english literature


First published in 1924, ‘Still She Wished for Company’ makes for a delicious, if bittersweet, Valentine’s Day treat

The novel, which enters the public domain this year, is one of the pioneering works of paranormal or “time-slip” romance. Continue reading at The Washington Post

[ The Washington Post | 2020-02-12 07:00:00 UTC ]
More news stories like this | News stories tagged with: #day treat #public domain #pioneering works #time-slip romance


Lit Hub Daily: February 10, 2020

Vivian Gornick and the revolution that won’t end: John Freeman profiles the author of Unfinished Business. | Lit Hub “What are we to do with the art of profoundly compromised men?” Zan Romanoff on Adrienne Miller’s memoir of life with literary men, including David Foster Wallace.  | Lit Hub “It... Continue reading at Literrary Hub

[ Literrary Hub | 2020-02-10 09:49:30 UTC ]
More news stories like this | News stories tagged with: #vivian gornick #lit hub #adrienne miller #memoir


Tom Lutz fights for L.A. publishing, this time as a novelist

Los Angeles Review of Books editor Tom Lutz talks about "Born Slippy," his first novel, and why the city should have a more vibrant book publishing industry Continue reading at Los Angeles Times

[ Los Angeles Times | 2020-02-09 15:00:03 UTC ]
More news stories like this | News stories tagged with: #book publishing #books editor