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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Olivia Laing calls out Boris Johnson, splits £10,000 literary prize with fellow nominees.

Celebrated British writer and cultural critic Olivia Laing has been widely praised for her decision to split her James Tate Black award winnings with her fellow shortlisted authors. “I said in Crudo that competition has no place in art and I meant it,” Laing told the gathered crowd upon... Continue reading at Literrary Hub

[ Literrary Hub | 2019-08-19 15:39:24 UTC ]
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Hilsum and Laing awarded £10,000 James Tait Black Prizes

A biography of war correspondent Marie Colvin by Lindsey Hilsum and Olivia Laing’s novel Crudo have won this year’s James Tait Black Prizes. Continue reading at The Bookseller

[ The Bookseller | 2019-08-19 07:50:33 UTC ]
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David Walliams and Greg James make Lollies shortlist

David Walliams and Greg James are among the children's authors recognised by the Laugh Out Loud Awards, as judge Michael Rosen hails the 12-strong shortlist that will make you "giggle and laugh over and over again".  Continue reading at The Bookseller

[ The Bookseller | 2019-08-18 23:10:20 UTC ]
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JT LeRoy review – a less surprising hoax the second time around

The fake author who fooled the publishing world is brought back to life in a diverting tale that treads familiar ground“Sometimes, a lie’s more truth than the truth,” drawls author JT Leroy, speaking down a crackling telephone line. This straightforward dramatisation of Savannah Knoop’s 2008... Continue reading at The Guardian

[ The Guardian | 2019-08-18 07:00:10 UTC ]
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9 Best Slice-of-Life Manga to Make You Feel Refreshed

When we think of manga, we picture action-packed fantasy stories that feature young teens. But a closer look at the ... Continue reading at Book Riot

[ Book Riot | 2019-08-16 10:36:51 UTC ]
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Amazon’s Superhero Satire The Boys Is Wonderfully Tasteless and Occasionally Timely

The new comic book adaptation adjusts for the rise of Marvel but not the rise of Trump. Continue reading at Slate

[ Slate | 2019-08-15 22:06:08 UTC ]
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NBA dials back late starting times to help boost East Coast ratings

The NBA is kicking the tires on a new scheduling initiative designed to give East Coast hoops fans a reprieve from having to stay up until the wee hours of the morning to keep tabs on the league’s Western Conference superstars. Beginning this season, the NBA is slashing the number of nationally... Continue reading at Advertising Age

[ Advertising Age | 2019-08-13 10:00:00 UTC ]
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Elaine Kendall, author and former L.A. Times book critic, dies at 91

Author Elaine Kendall was a longtime book critic for the Los Angeles Times. She died in Montecito at age 91. Continue reading at Los Angeles Times

[ Los Angeles Times | 2019-08-12 22:46:20 UTC ]
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Three Times the Charm (shelftalker)

Conversations with three-year-olds are just the cure for a case of bookseller doldrums. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-08-12 12:00:27 UTC ]
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Penguin to publish Salinger works as e-books for first time

Penguin Books UK is publishing all four of J D Salinger’s works as e-books for the first time, as part of celebrations marking the centenary of his birth. Continue reading at The Bookseller

[ The Bookseller | 2019-08-12 05:42:10 UTC ]
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McDermid unveils her pick of the top 10 LGBTQI+ writers in UK

Val McDermid has revealed her choice for the 10 most compelling LGBTQI+ writers working in the UK today, with a list including Fiona Mozley and Kirsty Logan. Continue reading at The Bookseller

[ The Bookseller | 2019-08-10 10:59:42 UTC ]
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A writer tries to make sense of Larry Nassar’s decades of abuse

In “The Girls,” Abigail Pesta interviews some of the promising gymnasts the Olympic doctor abused. Continue reading at The Washington Post

[ The Washington Post | 2019-08-07 20:23:06 UTC ]
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Comscore stock down 85 percent since resignation of CEO and cash infusion from Cayman Islands fund

Comscore, its stock already approaching all-time lows, missed expectations of flat revenue with a 4.4 percent decline last quarter. The media measurement company’s interim CEO said on a Tuesday earnings call after market close that it’s “exploring all strategic options.” The stock already has... Continue reading at Advertising Age

[ Advertising Age | 2019-08-07 00:08:01 UTC ]
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Hachette makes string of appointments from outside publishing in HR shake-up

Hachette has announced seven people are leaving its HR department to be replaced by new appointments, mainly from outside the publishing world, in a major shake-up. Continue reading at The Bookseller

[ The Bookseller | 2019-08-01 14:50:21 UTC ]
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7 Books About Past Decades That Feel Like Traveling Back in Time

The Amazon review for my debut novel was glowing, including words like “compelling” and “fun.” And then there was this: “If you love historical fiction, you’ll love The Last Book Party.” Say what? How could my novel, which is set during the 1980s—a decade of my own youth—be historical fiction?... Continue reading at Electric Literature

[ Electric Literature | 2019-08-01 11:00:53 UTC ]
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Amazon Kindle Oasis Review: Now Is the Perfect Time to Buy an E-Reader

In an era of smartphone addiction, a single-purpose device like an e-reader may help you unplug and focus on content that will bring you joy. Continue reading at The New York Times

[ The New York Times | 2019-08-01 09:03:32 UTC ]
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If You Haven’t Yet Had Time to Read Moby-Dick Here’s a Pop-Up Book

Two hundred years ago, Herman Melville was born and the course of American literary history changed forever. In celebration of the author’s bicentennial, Chronicle Books published Moby-Dick: A Pop-Up Book from the Novel by Herman Melville, which shows ten key moments from the story in... Continue reading at Literrary Hub

[ Literrary Hub | 2019-08-01 08:48:17 UTC ]
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Manson Girls: A Reading List for ONCE UPON A TIME IN HOLLYWOOD

The Manson girls drift their way through the new movie ONCE UPON A TIME IN HOLLYWOOD. These books help provide more context on who they really were. Continue reading at Book Riot

[ Book Riot | 2019-07-31 10:37:36 UTC ]
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The 10 books to read in August

Traditionally a “dead month” in publishing, August is delivering plenty of worthwhile titles. Continue reading at The Washington Post

[ The Washington Post | 2019-07-30 16:35:43 UTC ]
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Is It Okay If I Don’t Care About Making Money from Writing?

The Blunt Instrument is an advice column for writers. If you need tough advice for a writing problem, send your question to [email protected]. For early access to Blunt Instrument columns, plus a special subscriber-only edition every other month, become a supporter of Electric... Continue reading at Electric Literature

[ Electric Literature | 2019-07-30 11:00:37 UTC ]
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