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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Halls, Horowitz and Braithwaite make Richard and Judy Book Club picks

Books by Stacey Halls, Anthony Horowitz and Oyinkan Braithwaite are among the six novels in this autumn’s picks for the Richard and Judy Book Club. Continue reading at The Bookseller

[ The Bookseller | 2019-09-24 04:30:56 UTC ]
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Two-time winners Mcrae and Hamilton on William Hill Sports Book of the Year longlist

Two-time winners Donald McRae and Duncan Hamilton are in line for a historic treble after making the 12-strong longlist for the £30,000 William Hill Sports Book of the Year 2019. Continue reading at The Bookseller

[ The Bookseller | 2019-09-24 03:37:08 UTC ]
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Emmys ratings skid to an all-time low (and maybe that's not such a bad thing)

Ratings for Fox’s presentation of the 71st Primetime Emmy Awards plummeted to an all-time low Sunday night, but given that the broadcast now functions as a three-hour infomercial for the streaming services and premium cable networks that are gobbling network TV’s lunch, it’s perhaps for the best... Continue reading at Advertising Age

[ Advertising Age | 2019-09-23 22:17:27 UTC ]
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For the Love of Libraries: Four Authors on What Makes Libraries Wonderful

Writer's Digest asked four authors about what libraries mean to them. Here’s what the greats have to say about what makes libraries so great. The post For the Love of Libraries: Four Authors on What Makes Libraries Wonderful by Ericka McIntyre appeared first on Writer's Digest. Continue reading at Writer's Digest

[ Writer's Digest | 2019-09-23 15:22:30 UTC ]
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Publishers Say Audible’s ‘Captions’ Defense ‘Makes No Sense’

In filings made September 20, lawyers for publishers rejected Audible's suggestion that the dispute over Captions is a contract issue, and argued that the program, if allowed to include their works, would clearly infringe their copyrights and cause 'irreparable' harm. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-09-21 04:00:00 UTC ]
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Mark von Hagen, 65, Dies; Reviewed Times’s 1931 Soviet Coverage

A historian, he was asked by the paper to judge whether a correspondent’s Pulitzer Prize should be revoked because of biased reporting. He said it should be. Continue reading at The New York Times

[ The New York Times | 2019-09-19 21:57:30 UTC ]
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Tinder is making a choose-your-own-adventure streaming series: Wednesday Wake-Up Call

Welcome to Ad Age’s Wake-Up Call, our daily roundup of advertising, marketing, media and digital news. If you're reading this online or in a forwarded email, here's the link to sign up for our daily newsletter. You can also get an audio version of this briefing on your Alexa device. Tinder’s... Continue reading at Advertising Age

[ Advertising Age | 2019-09-18 10:00:00 UTC ]
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Amazon Charts: Atwood doubles up as Cameron makes his debut

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[ The Bookseller | 2019-09-18 09:32:13 UTC ]
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Article by Caroline Calloway's 'Ghost Writer' Making Rounds in Hollywood

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[ Publishers Weekly | 2019-09-18 04:00:00 UTC ]
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Here are the 10 best lines from Vulture’s profile of “book-fluencer” Zibby Owens.

First, can we all agree that it should be “lit-fluencer”? Moving on: 1. “Gertrude Stein had time to read books. But do moms?” 2. “Owens’s dinner will be in a decidedly lower key: a gingham tablecloth, uniformed servers passing out pigs in blankets, Zibby’s kids popping in occasionally to whisper... Continue reading at Literrary Hub

[ Literrary Hub | 2019-09-17 19:31:52 UTC ]
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