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

Other Publishing stories related to: 'New NY Times CEO could make $10.5M'


National Book Awards: Isabel Allende warns of 'dark time'

The author spoke out at the National Book Awards against the rise of "nationalism and racism" in politics. Continue reading at BBC News

[ BBC News | 2018-11-15 00:00:00 UTC ]
More news stories like this |


Roxane Gay to make first visit to the UK next month

Roxane Gay is appearing in conversation with Liv Little, the founder of gal-dem, for her very first visit to the UK.  Continue reading at The Bookseller

[ The Bookseller | 2018-11-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #roxane gay


Pan Mac wins 10-way auction for Raz's business guide

Pan Macmillan has won a 10-way auction to publish a book on the "entrepreneurial path", How I Built This, from business podcaster Guy Raz. Continue reading at The Bookseller

[ The Bookseller | 2018-11-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #business guide #pan macmillan


Christopher Lehmann-Haupt, Long-Serving Times Book Critic, Dies at 84

Christopher Lehmann-Haupt in 1979. Readers and colleagues called him a judicious, authoritative voice on fiction and a seemingly boundless array of subjects, from Persian archaeology to fly fishing. Continue reading at The New York Times

[ The New York Times | 2018-11-08 00:00:00 UTC ]
More news stories like this |


Canada’s Kids Can Press Finds Rights Interest in Timely Titles at Frankfurt

Toronto-based Kids Can Press reports strong international interest at Frankfurter Buchmesse for the publisher's issue-driven list of upcoming titles. The post Canada’s Kids Can Press Finds Rights Interest in Timely Titles at Frankfurt appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-11-06 00:00:00 UTC ]
More news stories like this | News stories tagged with: #post canada #frankfurt appeared #frankfurter buchmesse #upcoming titles


Ford takes V S Pritchett Short Story Prize for second time

Writer and translator Emily Ruth Ford has become the first person to win the £1,000 V S Pritchett Short Story Prize twice. Continue reading at The Bookseller

[ The Bookseller | 2018-11-01 00:00:00 UTC ]
More news stories like this |


New Bath & Bristol Small Publishers’ event makes 'south west nexus'

The inaugural Bath and Bristol Small Publishers’ Gathering will take place this weekend featuring 28 presses, as the independents "break free of London’s gravitational pull". Continue reading at The Bookseller

[ The Bookseller | 2018-10-31 00:00:00 UTC ]
More news stories like this |


In Counterclaim, B&N Says Former CEO 'Sabotaged' Sale; Sexually Harassed Multiple Women

Barnes & Noble is now seeking damages from recently fired CEO Demos Parneros for breaching his fiduciary duties, including derailing the sale of the company so he could retain his job as B&N's CEO. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-30 00:00:00 UTC ]
More news stories like this | News stories tagged with: #barnes noble #seeking damages


Mitchell Beazley buys James Wong 10-a-day cookbook

Octopus imprint Mitchell Beazley has bought 10-a-Day the Easy Way: Fussfree Recipes & Simple Science to Transform Your Health by Kew-trained botanist, science writer and broadcaster James Wong. Continue reading at The Bookseller

[ The Bookseller | 2018-10-27 00:00:00 UTC ]
More news stories like this | News stories tagged with: #science writer


Making Progress on Bookstore Margins

In a letter to our editor, Robert Sindelar, the president of the American Booksellers Association, acknowledges that bookseller Jonathan Platt has a valid point that store margins could be better, but argues that improvements are being made. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #making progress #robert sindelar


Why brands wanted in on NY Comic Con's 'rabid' audience

New York Comic Con's audience is "rabid," and not just in the zombie comic book kind of way. That's according to Lance Fensterman, global president of event producer ReedPop, which was behind New York Comic Con this month."They're kind of bleeding-edge around technology, they're huge consumers... Continue reading at Advertising Age

[ Advertising Age | 2018-10-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #lance fensterman #general mills


BBC News CEO Jim Egan: ‘We’re in a battle for survival for quality journalism’

At our Digiday+ live podcast event, BBC Global News CEO Jim Egan reveals his thoughts on the state of news publishing. The post BBC News CEO Jim Egan: ‘We’re in a battle for survival for quality journalism’ appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2018-10-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #quality journalism #news publishing


The New York Times is cutting its online price, but there’s a catch

The $12.99/month package bundles online access to the Times with nearly unlimited ebooks, audiobooks, and other material from Scribd. With 3.8 million subscribers–2.9 million paying just for digital access–The New York Times has been one of the early success stories for paywalls, which partly or... Continue reading at Fast Company

[ Fast Company | 2018-10-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #unlimited ebooks


Arctic Circle Publishing: Inhabit Media Makes Its Frankfurt Debut

Deciding to open foreign rights sales as 'something we needed to do for our authors,' the Inuit-owned publishing house Inhabit Media has staged its arrival at Frankfurter Buchmesse, on the ramp up to Canada's stint as Guest of Honor in 2020. The post Arctic Circle Publishing: Inhabit Media Makes... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-10-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #frankfurt debut #frankfurter buchmesse


Scribd, ‘New York Times’ Team to Offer Joint Subscription

Scribd is partnering with the 'New York Times' to offer a joint subscription for $12.99 that will include full digital access to the 'New York Times' in addition to Scribd's inventory of books, audiobooks, newspapers, and magazines. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-17 00:00:00 UTC ]
More news stories like this |


'Tattooist of Auschwitz' makes its mark on charts top spot

Heather Morris’ The Tattooist of Auschwitz (Zaffre) has swiped the UK Official Top 50 number one spot from Zoe Sugg’s Cordially Invited (Hodder & Stoughton), selling 25,567 copies through Nielsen BookScan’s Total Consumer Market. Continue reading at The Bookseller

[ The Bookseller | 2018-10-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #heather morris #zoe sugg #nielsen bookscan


Sex appeal sweeps FBF as Oxford don goes in 10 countries

Bloomsbury has pre-empted The Right to Sex, a book about male sexual entitlement and #MeToo by Oxford professor Amia Srinivasan. Continue reading at The Bookseller

[ The Bookseller | 2018-10-12 00:00:00 UTC ]
More news stories like this | News stories tagged with: ##metoo


Asian-Pop Makes Big Showing at New York Comic Con 2018

Japanese and Asian pop culture had a big presence in the exhibit hall floor at New York Comic Con at the Javits Center; while uptown at Pier 94 ReedPop launched a new anime and manga festival to mixed reviews from fans and exhibitors. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-10-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #big presence #javits center #manga festival #mixed reviews


Freedom in Turbulent Times: Steinmeier in Frankfurt

The Federal President of Germany, Frank-Walter Steinmeier, visited the Frankfurt Book Fair and spoke with authors on stage about democracy and freedom of speech. The post Freedom in Turbulent Times: Steinmeier in Frankfurt appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-10-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #post freedom #frankfurt appeared #turbulent times


CEO Talk: Sargent on Rowohlt and ‘Fire and Fury’

At Frankfurt's annual CEO Talk, Macmillan CEO John Sargent took questions from journalists on 'Fire and Fury,' Rowohlt, and other topics. The post CEO Talk: Sargent on Rowohlt and ‘Fire and Fury’ appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-10-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #ceo talk