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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Religion Book Deals: July 10, 2019

Fortress Press signed an examination of vulnerability when it comes to our digital lives; Ellie Claire is publishing prayer prompts intended for sharing; and more. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-07-10 04:00:00 UTC ]
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Translation scoops Commonwealth Short Story Prize for first time

Cypriot author Constantia Soteriou has won the £5,000 Commonwealth Short Story Prize with 'Death Customs', marking the first time the prize has been awarded to a translation as the judges choose an all-women line-up of regional winners.  Continue reading at The Bookseller

[ The Bookseller | 2019-07-09 20:13:50 UTC ]
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Frankfurter Buchmesse Names Netflix’s Kelly Luegenbiehl for CEO Talk

Netflix International Originals will be centerstage in the Frankfurt Pavilion when the division's vice-president Kelly Luegenbiehl speaks. The post Frankfurter Buchmesse Names Netflix’s Kelly Luegenbiehl for CEO Talk appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-07-09 12:25:50 UTC ]
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Lesley Nneka Arimah wins £10,000 Caine Prize

Nigerian author Lesley Nneka Arimah has won the 2019 Caine Prize for African Writing for her short story ‘Skinned’. Continue reading at The Bookseller

[ The Bookseller | 2019-07-09 03:36:33 UTC ]
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‘Deep River’ bucks every literary trend, and that’s what makes it so charming

Karl Marlantes’s new novel is a sweeping family saga set in Oregon logging country. Continue reading at The Washington Post

[ The Washington Post | 2019-07-08 13:00:00 UTC ]
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Lee Iacocca, a star CEO who led Ford and saved Chrysler, has died

Lee Iacocca, the U.S. auto executive and television pitchman whose feel for consumers’ changing tastes helped produce the Ford Mustang and the Chrysler minivan and made him one of the first celebrity CEOs, has died. He was 94. His death was confirmed Tuesday by Fiat Chrysler Automobiles in a... Continue reading at Advertising Age

[ Advertising Age | 2019-07-03 14:58:55 UTC ]
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In these fractious times, there’s fresh appeal in Walter Bagehot’s praise of dullness

James Grant’s biography shows why Bagehot was called ‘the greatest Victorian’ — and why we should pay attention to him now. Continue reading at The Washington Post

[ The Washington Post | 2019-07-03 12:00:00 UTC ]
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The 10 books to read in July

Just in time for the holiday weekend, a look at the new releases worth picking up. Continue reading at The Washington Post

[ The Washington Post | 2019-07-02 16:58:59 UTC ]
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10 Romantic Books I Got from The Ripped Bodice Bookstore

A Rioter not only got to visit the romance bookstore of her dreams, L.A.'s The Ripped Bodice, but also got a slew of recommendations from a co-owner! Continue reading at Book Riot

[ Book Riot | 2019-07-02 10:36:13 UTC ]
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10 Books You Should Read This July

Svetlana Alexievich trans. by Richard Pevear and Larissa Volokhonsky, Last Witnesses: An Oral History of the Children of World War II (Random House) If God existed, or had an ear, she might listen the way Svetlana Alexievich does to the stories of her fellow ex-Soviets. This latest book from the... Continue reading at Literrary Hub

[ Literrary Hub | 2019-07-02 08:49:53 UTC ]
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Barbour Names New President, CEO

Mary Burns, who was named president of Barbour last year, has been promoted to president and CEO of the company-owned Christian publishing house. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-07-01 04:00:00 UTC ]
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L.A. Times Book Club Launch

L.A. Times Today airs Monday through Friday at 7 p.m. and 10 p.m. on Spectrum News 1.  Continue reading at Los Angeles Times

[ Los Angeles Times | 2019-06-28 23:02:32 UTC ]
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Viewfinders: 10 Y.A. Novelists Spin Fiction From Vintage Photos

The New York Times invited Asian-American authors to choose photos from our archives and write short young-adult fiction inspired by them. Continue reading at The New York Times

[ The New York Times | 2019-06-28 17:18:37 UTC ]
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10 Anime and Manga Art Pieces to Showcase Your Fandom Love

We all love fanart, right? Be honest now. If you’re an anime and manga fan, you’ve probably gone looking for ... Continue reading at Book Riot

[ Book Riot | 2019-06-28 10:34:35 UTC ]
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Quartz lays off business-side employees for second time this year

The business news publisher has laid off 11 commercial-side employees over two stints in 2019. Some of those roles remain unfilled, as Quartz pours more resources into its nascent membership program. The post Quartz lays off business-side employees for second time this year appeared first on... Continue reading at Digiday

[ Digiday | 2019-06-28 04:01:26 UTC ]
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Poetry presses thrive as readers turn to verse in straitened economic times

Many thriving poetry publishers in the North have likened its recent boom to its popularity under Margaret Thatcher in the 1980s, arguing the form offers a unique type of human connection.   Continue reading at The Bookseller

[ The Bookseller | 2019-06-27 18:24:04 UTC ]
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L.A. Times Book Club's next book will be Laila Lalami's 'The Other Americans'

The Los Angeles Times Book Club has selected "The Other Americans" as its next book and hosts a July 30 conversation with author Laila Lalami at the Skirball Cultural Center. Continue reading at Los Angeles Times

[ Los Angeles Times | 2019-06-27 14:00:03 UTC ]
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L.A. Times Book Club’s next book will be Laila Lalami's ‘The Other Americans’

The Los Angeles Times Book Club has selected “The Other Americans” as its next book and hosts a July 30 conversation with author Laila Lalami at the Skirball Cultural Center. The novel is a mystery and family drama that unfolds in a Southern California desert town after a Moroccan immigrant... Continue reading at Los Angeles Times

[ Los Angeles Times | 2019-06-27 14:00:00 UTC ]
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Susan Orlean and readers share library stories at L.A. Times Book Club launch

In her research for "The Library Book," Susan Orlean was surprised to learn how many people call the Los Angeles Library on a daily basis with outlandish questions. Continue reading at Los Angeles Times

[ Los Angeles Times | 2019-06-26 21:09:36 UTC ]
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Susan Orlean and readers share library stories at L.A. Times Book Club launch

In her research for “The Library Book,” Susan Orlean was surprised to learn how many people call the Los Angeles Library on a daily basis with outlandish questions. Some people want help cheating on crossword puzzles. Others have more personal queries. “There is a guy who calls the library... Continue reading at Los Angeles Times

[ Los Angeles Times | 2019-06-26 20:35:00 UTC ]
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