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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PA welcomes 'positive' ruling supporting removal of VAT on Times digital editions

The Publishers Association has welcomed a judge's decision ruling that digital versions of the Times and Sunday Times should be subject to a zero-rate of VAT, saying it supports the central message of the Axe the Reading Tax campaign. Continue reading at The Bookseller

[ The Bookseller | 2020-01-07 04:06:09 UTC ]
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10 Keys to Digital Success in 2020 (Part 1)

For most publishers, digital success in 2020 won’t be about new trends or technology. Instead it will be about focus, prioritization, and finally executing properly on digital media fundamentals. This article covers the first five fundamentals that I believe every publisher must execute on this... Continue reading at Publishing Executive

[ Publishing Executive | 2020-01-03 13:30:50 UTC ]
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Foresight 2020: St. Louis CEOs give clarity to a year of big unknowns

This is a big year. Not just in the symmetry of the number – 2020, the futuristic subject period for so many science fiction writers – but in what we already know will happen. A presidential election, prefaced by a likely Senate impeachment trial, will add new layers to an already murky... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2020-01-03 11:00:00 UTC ]
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Kachka Leaving 'New York' for 'L.A. Times'

Boris Kachka, whose tenure as books editor at 'New York' magazine saw the publication experiment with tripling its book coverage, will succeed former books editor Carolyn Kellogg at the 'Los Angeles Times.' Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-01-03 05:00:00 UTC ]
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Best known for her role on ‘Downton Abbey,’ Catherine Steadman is making a splash as an author

Her new book, “Mr. Nobody,” is a delightfully twisty follow-up to her debut, “Something in the Water.” Continue reading at The Washington Post

[ The Washington Post | 2020-01-02 16:00:00 UTC ]
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B&N, Fired CEO Ready to Talk Settlement in Defamation Case

In a December 18 letter, lawyers for Barnes & Noble informed the court that the parties “are now prepared to proceed with a settlement conference,” which is scheduled for January 27 before magistrate judge Gabriel Gorenstein. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-01-01 05:00:00 UTC ]
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The 10 books to read in January

The start of 2020 offers plenty of opportunities to turn over a new leaf — or at least a few new pages. Continue reading at The Washington Post

[ The Washington Post | 2019-12-31 18:01:23 UTC ]
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13 books that CEOs think you should read in 2020

As you make your reading list for the next decade, consider titles that span everything from healthy school lunches to Trump’s immigration record. As another year comes to an end—and this time, the decade too—perhaps you’ve realized you haven’t quite made it through your reading list. If you’re... Continue reading at Fast Company

[ Fast Company | 2019-12-24 08:00:27 UTC ]
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Book of Lists: Retirement plan payout boosted Mount Sinai CEO's pay above $12 million in 2017

In the Dec. 23 print edition of the Book of Lists, you’ll find hundreds of CEOs, presidents and other top executives listed alongside the organizations they run. Even more business leaders are... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2019-12-23 17:08:10 UTC ]
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Kiley Reid | 'Those things aren’t her fault, but the fallacy of the American Dream makes her think that it is'

What is it like to be paid to be part of someone’s family? Kiley Reid’s début explores the uneasy nature of "transactional relationships". Continue reading at The Bookseller

[ The Bookseller | 2019-12-23 14:27:08 UTC ]
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10 BAD BLOOD Book Club Questions: Your Reading Guide

Ready to dig into this fascinating nonfiction read? Here's your reading guide and BAD BLOOD book club questions to get the conversation going. Continue reading at Book Riot

[ Book Riot | 2019-12-23 11:35:34 UTC ]
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PW’s 10 Most-Read Religion Stories of 2019

The deaths of Brian Hampton and Rachel Held Evans, books undergoing big-screen adaptations, and LifeWay’s closure are some of PW’s top religion stories of 2019. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-12-23 05:00:00 UTC ]
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These are the 10 best-selling books of the decade.

According to NPD Bookscan—not perfect, as we all know, but the best the industry’s got—the best-selling book of the last decade in the United States was . . . well, I’m sure you guessed it before you ever clicked here. It was E. L. James publishing phenomenon Fifty Shades of Grey, which which... Continue reading at Literrary Hub

[ Literrary Hub | 2019-12-20 15:04:49 UTC ]
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L.A. Times Book Club's next read is Ocean Vuong's 'On Earth We're Briefly Gorgeous'

L.A. Times Book Club's 2020 lineup also includes 'American Dirt' and 'From Our Land to Our Land.' Continue reading at Los Angeles Times

[ Los Angeles Times | 2019-12-20 15:00:03 UTC ]
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Clare Pooley Makes a New Beginning In Her Debut Novel

With 'The Authenticity Project,' publishing in February, Clare Pooley reflects on sobriety and second chances. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-12-20 05:00:00 UTC ]
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Vroman's Names Cowlishaw CEO

Julia Cowlishaw has been named the new CEO of Vroman's Bookstore in Pasadena, Calif., and Book Soup in West Hollywood, Calif., She begins on January 6. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-12-17 05:00:00 UTC ]
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Audible Appoints New CEO

Audible founder Don Katz will turn over the position of CEO to former IDG and Dun & Bradstreet executive Bob Carrigan on January 2. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-12-17 05:00:00 UTC ]
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Puffin lands Jacqueline Woodson's New York Times bestseller

Puffin will publish Brown Girl Dreaming, the multi-award winning memoir told in verse by author Jacqueline Woodson. Continue reading at The Bookseller

[ The Bookseller | 2019-12-15 18:04:41 UTC ]
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The Top 10 Library Stories of 2019

PW takes a look back at some of the library stories that captivated the publishing world in 2019, and examines what they portend for 2020. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-12-13 05:00:00 UTC ]
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Why It's Time to Quantify the Library's Role in the Reading Marketplace

Guy LeCharles Gonzalez argues that everyone would benefit from a collaborative, good-faith, and transparent effort to effectively measure the impact of libraries on book discovery, author brand development, and consumer sales. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-12-13 05:00:00 UTC ]
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