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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Tech news site Gizmodo sold for third time in 8 years as European publisher Keleops looks to expand

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Terry Robards, 84, Dies; Lifted Fine Wines in America as a Times Critic

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[ The New York Times | 2024-06-03 18:35:34 UTC ]
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The Real Story of Why Disney+ Changed Its Logo: A ‘Different Time of Night’

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[ AdWeek | 2024-05-28 10:00:00 UTC ]
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The Complex Truths That Make Up a Family

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Will Human-AI Partnerships Make Publishing Workers More Innovative?

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PW talks with John B. Allen—aka YouTuber and podcast host MrBallen—about the comics adapted from his viral storytelling. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-05-24 04:00:00 UTC ]
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MrBallen Makes a Strange, Dark, and Mysterious Graphic Novel

PW talks with John B. Allen—aka YouTuber and podcast host MrBallen—about the comics adapted from his viral storytelling. Continue reading at Publishers Weekly

[ Publishers Weekly | 2024-05-24 04:00:00 UTC ]
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