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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Irish writers dominate Sunday Times Audible Short Story Award shortlist

The 2019 Sunday Times Audible Short Story Award shortlist is dominated by Irish authors with former winner and Booker Prize longlistee Kevin Barry and relative newcomers Danielle McLaughlin and Louise Kennedy in the running for the £30,000 prize. Continue reading at The Bookseller

[ The Bookseller | 2019-07-29 11:15:23 UTC ]
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Bloomsbury, Faber and Granta make Polari 2019 shortlists

Bloomsbury has scooped two nominations on the Polari 2019 shortlists with titles from indies Faber, Granta and Orenda also up for awards. Continue reading at The Bookseller

[ The Bookseller | 2019-07-29 01:46:32 UTC ]
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Movies Aren’t Telling Love Stories Anymore. So The New York Times Brought Them to Amazon

The romance genre has all but disappeared from films, so now several cable and streaming outlets have claimed it for themselves. The latest to jump on board is Amazon Prime Video. The streaming service will soon air Modern Love, a new anthology series debuting Oct. 18 that features eight... Continue reading at AdWeek

[ AdWeek | 2019-07-28 00:59:10 UTC ]
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Time Taps ALM’s Dana Rosen as Chief Legal Officer | People on the Move

[caption id="attachment_162887" align="alignright" width="150"] Dana Rosen[/caption] Time named Dana Rosen as its new chief legal officer, effective July 29.  As CLO—which CEO and editor-in-chief Edward Felsenthal identified in a statement as a top priority position to fill since the magazine... Continue reading at Folio Magazine

[ Folio Magazine | 2019-07-25 18:40:50 UTC ]
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The New York Times profiles Louise Erdrich’s Native American-focused bookstore.

The New York Times books section today featured a lovely profile by J. D. Biersdorfer of Birchbark Books & Native Arts, the Minneapolis bookstore owned by National Book Award-winning writer Louise Erdrich which provides indigenous-language guides, literature and crafts, alongside the latest... Continue reading at Literrary Hub

[ Literrary Hub | 2019-07-25 17:50:55 UTC ]
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NACS Has New CEO and Plans More Changes

The National Association of College Stores is changing leadership in the face of financial losses for the fiscal year that ended March 31, 2019, planning to exit college textbook distribution, and expecting layoffs. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-07-25 04:00:00 UTC ]
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These Middle-Grade Novels Are Some of the Most Formally Innovative Works of Our Time

When I took my copy of Lemony Snicket’s The Carnivorous Carnival up to the check-out line at Barnes and Noble, the cashier flipped through the book and paused.  She was sorry, she said, after a couple more puzzled page flips. There appeared to be a misprint. She called an employee in the kid’s... Continue reading at Electric Literature

[ Electric Literature | 2019-07-24 11:00:17 UTC ]
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Braithwaite, Rankin and Wesolowski make Amazon Publishing Readers’ Awards shortlist

Booker Prize longlistee Oyinkan Braithwaite has made the shortlist for the 2019 Amazon Publishing Readers’ Awards with Ian Rankin and Matt Wesolowski each bagging two nominations.  Continue reading at The Bookseller

[ The Bookseller | 2019-07-24 09:47:48 UTC ]
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Embargoed Atwood Novel Makes Booker Longlist

Margaret Atwood's 'The Testaments' is among 13 titles longlisted for this year's Booker Prize, despite being embargoed until September 10. It may even make the shortlist, announced on September 3, before it is even published. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-07-24 04:00:00 UTC ]
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The Fire Last Time

THE TRAGEDY OF THIS slim, self-satisfied little memoir about the 2007–2008 financial crisis is not what it gets wrong. Indeed, four of its central arguments are important and exactly right: (1) that extraordinary measures and creative innovation and improvisation saved the entire financial... Continue reading at Los Angeles Review of Books

[ Los Angeles Review of Books | 2019-07-22 19:00:44 UTC ]
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Moran and James make Richard and Judy Book Club summer reading list

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[ The Bookseller | 2019-07-21 17:20:56 UTC ]
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Former Bloomberg CRO Keith Grossman Tapped as Time President | People on the Move

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[ Folio Magazine | 2019-07-18 16:48:42 UTC ]
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Wordwell makes its mark in Ireland’s ever-growing history sector

A new player is stepping into Ireland's burgeoning home-grown history publishing sector, Eastwood Books, a local and general history trade imprint from the Wordwell Group.  Continue reading at The Bookseller

[ The Bookseller | 2019-07-18 15:24:11 UTC ]
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[ Advertising Age | 2019-07-17 18:51:36 UTC ]
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[ Advertising Age | 2019-07-17 07:00:00 UTC ]
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Chuck Klosterman tries to make sense of our absurd reality in ‘Raised in Captivity’

The author paints alternate realities to explore, obliquely, what it means to be alive today. Continue reading at The Washington Post

[ The Washington Post | 2019-07-16 13:15:03 UTC ]
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26 Of The Best Comic Book Covers Of All Time

Book Riot has talked about the best comic book artists working today and what makes a great cover in general. ... Continue reading at Book Riot

[ Book Riot | 2019-07-12 10:35:23 UTC ]
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Google placed 'Stranger Things' AR ads in 'The New York Times'

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[ Engadget | 2019-07-11 13:00:00 UTC ]
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[ Advertising Age | 2019-07-10 14:04:36 UTC ]
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[ Literrary Hub | 2019-07-10 08:50:05 UTC ]
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