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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In presidential tweet news, this happened Wednesday: Trump didn't get specific about the "false" reporting, but it seems likely that he saw the print edition of this morning's New York Times with... To view the full story, click the title link. Continue reading at Crains New York

[ Crains New York | 2019-02-21 00:00:00 UTC ]
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Berrett-Koehler Names New CEO and Publisher

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[ Publishers Weekly | 2019-02-20 00:00:00 UTC ]
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Egypt Turns Back Veteran New York Times Reporter

David D. Kirkpatrick was Cairo bureau chief for The New York Times between 2011 and 2015, and is the author of a recent book on the country. Continue reading at The New York Times

[ The New York Times | 2019-02-19 00:00:00 UTC ]
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Apple Books Category Bestsellers, February 10, 2019

The bestselling Apple Books in fiction and literature, mysteries and thrillers, health, mind & body, and more for the week ended February 10, 2019. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-02-15 00:00:00 UTC ]
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Graphic novel wins Society of Authors Translation Prize for first time

A graphic novel has won an award for the first time at the Society of Authors’ Translation Prize ceremony. Continue reading at The Bookseller

[ The Bookseller | 2019-02-14 00:00:00 UTC ]
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Lonely Planet Appoints New CEO

Luis Cabrera, a partner with BCG Digital Ventures, has been named CEO of the travel publisher with a mandate to remake the Lonely Planet brand "as an omnichannel travel platform." Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-02-12 00:00:00 UTC ]
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McIntosh begins to make her mark at PRH US

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[ The Bookseller | 2019-02-11 00:00:00 UTC ]
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How early NASA inspired the women of Kate Mascarenhas’ ‘Psychology of Time Travel’

Many popular time travel tales hinge on the idea that the past can be changed. The particular breed of time travel in Kate Mascarenhas’ debut novel, “The Psychology of Time Travel,” may sound limiting — its characters can’t voyage to any era before the time machine’s invention in the 1960s, and... Continue reading at Los Angeles Times

[ Los Angeles Times | 2019-02-09 00:00:00 UTC ]
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Callaway Makes Sure You'll Remember Its Books

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[ Publishers Weekly | 2019-02-08 00:00:00 UTC ]
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Taipei International Book Exhibition: ‘Time for Reading’

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[ Publishing Perspectives | 2019-02-08 00:00:00 UTC ]
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[ The New York Times | 2019-02-08 00:00:00 UTC ]
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Audible brings A.S. Byatt novels and stories to audio for first time

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[ The Bookseller | 2019-02-07 00:00:00 UTC ]
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[ The Bookseller | 2019-02-07 00:00:00 UTC ]
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CPI William Clowes workers to strike for fourth time in pay dispute

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[ The Bookseller | 2019-02-07 00:00:00 UTC ]
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Get 'Mastering Linux Security and Hardening' ($23 value) FREE for a limited time

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[ Betanews | 2019-02-06 00:00:00 UTC ]
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[ Advertising Age | 2019-02-02 00:00:00 UTC ]
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[ The Bookseller | 2019-02-02 00:00:00 UTC ]
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[ The Bookseller | 2019-02-01 00:00:00 UTC ]
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[ The Bookseller | 2019-01-30 00:00:00 UTC ]
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[ The Bookseller | 2019-01-30 00:00:00 UTC ]
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