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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[ The Bookseller | 2019-04-05 00:00:00 UTC ]
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Akala and Eaves make James Tait Black Prizes shortlist

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[ The Bookseller | 2019-04-04 00:00:00 UTC ]
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Conde Nast's new global CEO is a former Pandora and Sling TV chief

Welcome to the latest edition of Ad Age Publisher's Brief, our roundup of news from the world of content producers across digital and print. Got a tip? Send it our way. Joining us late? Here's the previous edition. On April 22, publishing conglomerate Condé Nast—home of Vogue, The New Yorker,... Continue reading at Advertising Age

[ Advertising Age | 2019-04-04 00:00:00 UTC ]
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Get 'Coding All-in-One for Dummies' ($17 value) FREE for a limited time

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[ Betanews | 2019-04-04 00:00:00 UTC ]
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Condé Nast Taps Pandora’s Roger Lynch As Its First Global CEO

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[ Folio Magazine | 2019-04-04 00:00:00 UTC ]
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Zommer time for OUP as tree title leads nature trio

OUP has bought three picture books about the natural world by author/illustrator Yuval Zommer. Continue reading at The Bookseller

[ The Bookseller | 2019-04-03 00:00:00 UTC ]
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S&S UK Children's celebrates Hendra and Linnet's 10-year publication success

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[ The Bookseller | 2019-04-02 00:00:00 UTC ]
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[ The Bookseller | 2019-04-02 00:00:00 UTC ]
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[ Los Angeles Times | 2019-04-01 00:00:00 UTC ]
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[ The Bookseller | 2019-03-30 00:00:00 UTC ]
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[ Los Angeles Times | 2019-03-30 00:00:00 UTC ]
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[ Los Angeles Times | 2019-03-26 00:00:00 UTC ]
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Michelle Obama's memoir Becoming sells 10 million copies

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[ BBC News | 2019-03-26 00:00:00 UTC ]
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[ Digiday | 2019-03-25 00:00:00 UTC ]
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[ BBC News | 2019-03-25 00:00:00 UTC ]
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[ The Bookseller | 2019-03-21 00:00:00 UTC ]
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[ Publishing Perspectives | 2019-03-21 00:00:00 UTC ]
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[ The Bookseller | 2019-03-19 00:00:00 UTC ]
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[ The Bookseller | 2019-03-15 00:00:00 UTC ]
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[ Publishers Weekly | 2019-03-15 00:00:00 UTC ]
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