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 ]
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Salesforce founder Marc Benioff and his wife Lynne agreed to acquire Time magazine from Meredith for $190 million in cash, joining Jeff Bezos among tech billionaires buying venerable print publications.The move thrusts the brash 53-year-old entrepreneur, who helped lead the shift of software to... Continue reading at Advertising Age
[ Advertising Age | 2018-09-17 00:00:00 UTC ]
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Marc Benioff, the chief executive of Salesforce. He and his wife, Lynne, have agreed to buy Time magazine from Meredith Corporation for $190 million. Continue reading at The New York Times
[ The New York Times | 2018-09-17 00:00:00 UTC ]
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Welcome to Ad Age's Wake-Up Call, our daily roundup of advertising, marketing, media and digital news. You can get an audio version of this briefing on your Alexa device. Search for "Ad Age" under "Skills" in the Alexa app. What people are talking about today: Time magazine is getting new... Continue reading at Advertising Age
[ Advertising Age | 2018-09-17 00:00:00 UTC ]
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After months of searching, Meredith Corporation has finally found a proper suitor for Time magazine. On Sunday, September 16, the company announced it has sold the legacy brand it acquired in January this year for $190 million in cash to Marc and Lynne Benioff. Marc Benioff is the founder,... Continue reading at Folio Magazine
[ Folio Magazine | 2018-09-17 00:00:00 UTC ]
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The longlist for the National Book Award for Nonfiction was announced on Wednesday, with books on history and social issues making up the bulk of the nominations. Notable titles on this year's list include Steve Coll's "Directorate S: The C.I.A. and America’s Secret Wars in Afghanistan and... Continue reading at Los Angeles Times
[ Los Angeles Times | 2018-09-14 00:00:00 UTC ]
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Snapchat is trying something new: It's giving publishers a way to create videos without too much heavy lifting.On Thursday, Snapchat announced that its dozens of media partners, including Hearst, NBCUniversal, Refinery 29 and Daily Mail, will have the ability to build stories from the videos... Continue reading at Advertising Age
[ Advertising Age | 2018-09-13 00:00:00 UTC ]
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Questex, the Newton, Mass.-based publisher and trade show producer serving the travel-hospitality and technology spaces, among others, has been acquired by private equity firm MidOcean Partners from Shamrock Capital, which had owned the company since 2014. Financial terms were not disclosed. As... Continue reading at Folio Magazine
[ Folio Magazine | 2018-09-13 00:00:00 UTC ]
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A rise in the number and output of streaming platforms such as Amazon Video and Netflix has opened up new and profitable revenue streams for writers—but how can publishers help them grasp them? Continue reading at The Bookseller
[ The Bookseller | 2018-09-12 00:00:00 UTC ]
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At the annual pre-fair news conference, Frankfurter Buchmesse officials stress the importance of the freedom to publish and the international book industry's role in a politically charged era. The post Frankfurter Buchmesse’s 2018 Pre-Fair News Conference: ‘Held in Political Times’ appeared... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-09-12 00:00:00 UTC ]
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Adam Miller is the new president and CEO of Joseph-Beth Booksellers. He comes to the company from Ricoh and plans to focus on improving online sales and expanding into smaller locations. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-12 00:00:00 UTC ]
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British author John Gray criticizes the modern atheist movement for replacing God with human beings and puts forward his view of what a true atheist ought to be in his new book, ‘Seven Types of Atheism.’ Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-12 00:00:00 UTC ]
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There are many more objectionable things about Boris Johnson than his alleged affair. But the media focus on this ‘feisty’, ‘party-loving’ woman is relentlessThere is a well-established and strictly obeyed format for writing about a women who is alleged to have had an affair with a powerful man,... Continue reading at The Guardian
[ The Guardian | 2018-09-11 00:00:00 UTC ]
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This week's notable sales include an option for a 2016 thriller about an English teacher who disappears in Cambodia and a deal for Kiley Reid's forthcoming debut from Putnam about a babysitter and her employer. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-10 00:00:00 UTC ]
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This week's hot books include a Catalan novel recently sold in France and Germany, and a nonfiction title by the former Dutch foreign minister. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-10 00:00:00 UTC ]
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Dav Pilkey has the #1 book in the country with 'Lord of the Fleas,’ his fifth Dog Man title. Plus Jacqueline Woodson has new books on both of our children’s lists, and Darcey Bell’s ‘A Simple Favor,’ starring Anna Kendrick, Blake Lively, and Golding heads to the big screen. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-07 00:00:00 UTC ]
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This week: a biography of Betty Ford, plus punk rock and the fall of the Berlin Wall. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-07 00:00:00 UTC ]
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In its first season, the National Book Foundation is partnering with five book festivals, two colleges, and three libraries to send authors to readers across the country. The post National Book Foundation’s ‘NBF Presents’ Inaugural Season Goes to 10 States appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2018-09-07 00:00:00 UTC ]
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Rachel Hollis sells a follow-up to Girl, Wash Your Face to Nelson, Algonquin nabs an Aussie writer’s debut novel, Penguin buys a book about a N.Y. Knicks fan by sportswriter Harvey Araton, and more in this week's notable book deals. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-07 00:00:00 UTC ]
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Despite another quarter in which sales fell and losses increased, Barnes & Noble executives suggested that improvement could be coming with positive comp sales for the holidays. Continue reading at Publishers Weekly
[ Publishers Weekly | 2018-09-07 00:00:00 UTC ]
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From a true story of character reformation to a passionate primer on opera to an engaging fictional tale about a 1916 election, here are the 10 September books the Monitor's book critics liked best. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2018-09-07 00:00:00 UTC ]
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