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'


'Just use cat videos': New York Times boss wants Facebook to cut out news

Mark Thompson says site’s attempts to rank news outlets sounds like ‘controlled society’Facebook should consider completely removing news from users’ feeds unless it can find a way to avoid low-quality stories clogging up the site, the chief executive of the New York Times has said.Mark Thompson... Continue reading at The Guardian

[ The Guardian | 2018-08-03 00:00:00 UTC ]
More news stories like this | News stories tagged with: #news outlets #news sources #cat videos #mark thompson #closed doors #good books


Storey's 35th Anniversary a Time to 'Nourish'

At a festival in Storey Publishing’s hometown on July 28, the press celebrated its anniversary alongside dozens of vendors who make and sell the very things that are the subjects of its books. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-08-03 00:00:00 UTC ]
More news stories like this | News stories tagged with: #storey publishing #35th anniversary


Mills & Boon commissions 10 stories set in UK's most romantic places

Mills & Boon has commissioned 10 short stories to celebrate the UK's most romantic spots. Continue reading at The Bookseller

[ The Bookseller | 2018-07-31 00:00:00 UTC ]
More news stories like this | News stories tagged with: #mills boon


Kerry McCluggage Named CEO of IDW Media Holdings

IDW founder and longtime CEO Ted Adams is stepping down and will be replaced by Kerry McCluggage, a former TV executive and current member of the IDW board of directors. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-07-26 00:00:00 UTC ]
More news stories like this | News stories tagged with: #tv executive


Timely International Publication Credited as Part of Romania’s Stronger Market

A new study finds that Romanian publishers have increased book sales by releasing Romanian translations of foreign books parallel to launches in other key markets. The post Timely International Publication Credited as Part of Romania’s Stronger Market appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-07-26 00:00:00 UTC ]
More news stories like this | News stories tagged with: #study finds #romanian publishers #key markets


Sean Spicer Takes Questions Again, This Time Peddling His Book

Sean Spicer, the former White House press secretary, signing a copy of his new book, “The Briefing,” this week. In interviews on his book tour, Mr. Spicer has acknowledged some fault for perpetuating falsehoods from the lectern. Continue reading at The New York Times

[ The New York Times | 2018-07-26 00:00:00 UTC ]
More news stories like this | News stories tagged with: #book tour #sean spicer


Local Focus, Global Reach: Inside Time Out’s Ambitious Ascent

Global recommendations purveyor Time Out Group—which, a decade ago, essentially consisted of two weekly magazines and a licensing business—today boasts owned and operated media brands in 76 cities around the globe, licensing arrangements in a further 32, and an events business that tripled in... Continue reading at Folio Magazine

[ Folio Magazine | 2018-07-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bus stop #big brands #fake news


Monday Wake-Up Call: Fiat Chrysler replaces CEO, WPP in talks to sell China stake

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: On Saturday, Fiat Chrysler... Continue reading at Advertising Age

[ Advertising Age | 2018-07-23 00:00:00 UTC ]
More news stories like this | News stories tagged with: #story published #trojan horse #targeted audiences #fascinating story


Los Angeles Times restaurant critic Jonathan Gold dies at 57

Jonathan Gold, the Pulitzer Prize-winning Los Angeles Times restaurant critic who richly chronicled the city’s vast culinary landscape and made its food understandable and approachable to legions of fans, has died. He was 57. Gold died of pancreatic cancer at St. Vincent Medical Center on... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-07-22 00:00:00 UTC ]
More news stories like this | News stories tagged with: #jonathan gold #pancreatic cancer


McNamara makes 2018 Gordon Burn shortlist

The late Michelle McNamara has made the shortlist for the 2018 Gordon Burn Prize, which seeks to champion "fearless non-fiction and bold, genre-defying fiction". Continue reading at The Bookseller

[ The Bookseller | 2018-07-21 00:00:00 UTC ]
More news stories like this |


Ebury wins Wallman's How to Spend Time at auction

Stuffocation author James Wallman is moving to Ebury for his new book Time and How to Spend It: Seven Ways to Better Days. Continue reading at The Bookseller

[ The Bookseller | 2018-07-14 00:00:00 UTC ]
More news stories like this | News stories tagged with: #spend time


Weekly E-Ranking: Morris’ Tattooist makes its mark

It’s been a heck of a week for Heather Morris, with The Tattooist of Auschwitz nabbing its first Weekly E-Book Ranking number one, having knocked on the door for much of 2018. Continue reading at The Bookseller

[ The Bookseller | 2018-07-13 00:00:00 UTC ]
More news stories like this | News stories tagged with: #heather morris


He's CEO, bitch: Young Zuckerberg and the early days of Facebook revealed

"Everyone who has seen 'The Social Network' knows the story of Facebook's founding," Adam Fisher writes at the start of "Sex, Beer, and Coding: Inside Facebook's Wild Early Days" in Wired. The article sets up an excerpt from "Valley of Genius: The Uncensored History of Silicon Valley," Fisher's... Continue reading at Advertising Age

[ Advertising Age | 2018-07-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #oral history #early days #key players #choice bits


Nobel Prize winner Barry Marshall pens time travel adventure

Oneworld imprint Rock the Boat has acquired the UK rights to How to Win a Nobel Prize, a middle grade adventure for young scientists, by Nobel Prize winner Barry Marshall. Continue reading at The Bookseller

[ The Bookseller | 2018-07-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #nobel prize #young scientists


Powell's Books CEO to Retire

Miriam Sontz, CEO of the indie Oregon bookstore chainlet, will step down in January 2019. Emily Powell, president and owner, and John Kingsbury, COO, will assume Sontz's responsibilities after her departure. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-07-10 00:00:00 UTC ]
More news stories like this |


Tuesday's TV highlights: '10 Streets That Changed America' on KOCE and more

SERIES The 100 Discord among the factions threatens to spill over and spell very possible doom for all concerned in a new episode of the science fiction drama. With Eliza Taylor, Paige Turco and Henry Ian Cusick. 8 p.m. KTLA Outdaughtered Parents Danielle and Adam Busby have their hands full now... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-07-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #tv highlights #changed america


XXXTentacion signed a $10-million record deal weeks before death, report says

Michael Ondaatje speaks Sunday after winning the Golden Man Booker Prize for his novel "The English Patient" at the Royal Festival Hall in London. Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-07-09 00:00:00 UTC ]
More news stories like this | News stories tagged with: #english patient


B&N Begins Another CEO Hunt

After Parneros’s firing, publishers offer ideas for what characteristics they would like to see in B&N’s next leader—who would be its fifth in five years. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-07-06 00:00:00 UTC ]
More news stories like this |


Trapeze acquires Loreau's guide to better list-making

Trapeze is publishing a guide to making better lists from the author of L’art de la Simplicite, Dominique Loreau. Continue reading at The Bookseller

[ The Bookseller | 2018-07-05 00:00:00 UTC ]
More news stories like this |


Barnes & Noble CEO ouster is latest setback in age of Amazon

Barnes & Noble's sudden firing of its CEO after only 14 months on the job dealt another setback to the embattled book seller as it struggles against stiffer competition from Amazon.The sudden vacancy at the top leaves Barnes & Noble treading water while it looks for a new leader, says... Continue reading at Advertising Age

[ Advertising Age | 2018-07-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #barnes noble #statement tuesday #financial reporting #potential fraud