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
Time has joined a growing number of publications to sign a licensing deal with OpenAI. The ChatGPT creator will legally be able to train its large language models on 101 years worth of the storied publication's journalism, as Axios first reported. OpenAI will also have access to real-time... Continue reading at Engadget
[ Engadget | 2024-06-27 14:40:58 UTC ]
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#magazine publisher
The rise of artificial intelligence in our media and entertainment industries has raised a lot of concerns about programs like Open Al’s text-to-video maker Sora replacing the artistic endeavors and aspirations of humans. If those AI made movies are anything like a new brand film about the Toys... Continue reading at Engadget
[ Engadget | 2024-06-25 21:47:30 UTC ]
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#dr. seuss
Get to know the Nebula Awards for science fiction and fantasy writing, with outstanding, must-read examples to pick up right now. Continue reading at Book Riot
[ Book Riot | 2024-06-21 11:00:00 UTC ]
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#science fiction
Since September 2023, the book criticism working group of the Freelance Solidarity Project (a union of digital media workers, organizing to raise labor standards across the industry) has been collecting data on freelance rates. Its findings, published earlier this month, are pretty damn bleak.... Continue reading at Literrary Hub
[ Literrary Hub | 2024-06-20 20:53:12 UTC ]
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#digital media
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#published earlier
#collecting data
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For June 2024, the Monitor’s best books include stirring mysteries and moving family tales, including novels based on famous lives. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2024-06-18 19:40:14 UTC ]
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#books include
Can’t figure out what book to bring to the beach? The ultimate summer reading list is here. | Lit Hub Reading Lists Who’s the worst dad in literature? Garth Risk Hallberg on the most dysfunctional fathers of the Western canon. | Lit Hub Criticism “Each moment of recognition was only possible... Continue reading at Literrary Hub
[ Literrary Hub | 2024-06-15 10:30:46 UTC ]
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#western canon
#reading list
I’d bought my copy of James Joyce’s Ulysses at a Barnes and Noble in Manhattan in 1999, the summer before I left for college, along with a stack of other novels that I was convinced my much-smarter classmates would have already read. How I even decided which novels those were, I am still not... Continue reading at Literrary Hub
[ Literrary Hub | 2024-06-14 08:56:12 UTC ]
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#james joyce
#barnes
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The #1 book in the country is ‘Eruption,’ James Patterson’s posthumous collaboration with Michael Crichton, folowed by Brynne Weaver’s ‘Leather & Lark’ at #2. Plus Jacqueline Winspear bids a fond farewell to Maisie Dobbs. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-14 04:00:00 UTC ]
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##1 book
In complementary moves, Jonathan Shar was promoted to CEO of Barnes & Noble Education following the completion of a new financing package that includes a 100-to-1 reverse stock split. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-12 04:00:00 UTC ]
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It’s a beautiful day, the coffee is perfectly iced, and the news is spiced with variety. Let’s do this. 🌎 ... Continue reading at Book Riot
[ Book Riot | 2024-06-11 15:00:00 UTC ]
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As a city kid, veterinarian Amy Attas had big dreams of roaming the countryside healing animals a la the classic “All Creatures Great and Small.” Continue reading at ABC News
[ ABC News | 2024-06-10 13:18:31 UTC ]
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#big dreams
#memoir
June's new children's book releases include picture books about steppin' and school, middle grade books about magic schools and making friends, and so much more. Continue reading at Book Riot
[ Book Riot | 2024-06-07 10:30:00 UTC ]
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#making friends
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John Grisham’s ‘Camino Ghosts’ is the #1 book in the country. Plus Greg Iles revisits attorney turned Natchez, Miss., mayor Penn Cage in ‘Southern Man,’ and Caitlin Rozakis, with ‘Dreadful,’ bakes up a comedic fantasy debut. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-07 04:00:00 UTC ]
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#john grisham
##1 book
Scholastic snaps up Suzanne Collins's new entry in the bestselling Hunger Games series, Red Tower signs three by Melissa de la Cruz, and more. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-06-07 04:00:00 UTC ]
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#book deals
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The perks were few and far between when I was an editorial assistant in book publishing in the early aughts. Mostly I did the job for the books and the proximity to authors and the occasional access to free leftover sandwiches from some lunchtime meeting or other (I was also lucky to do this... Continue reading at Literrary Hub
[ Literrary Hub | 2024-06-06 08:55:08 UTC ]
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#editorial assistant
#book publishing