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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Debuts from Hermes Gowar, Greengrass and Batuman make Women's Prize shortlist

Debuts by Imogen Hermes Gowar, Jessie Greengrass and Elif Batuman have been shortlisted for 2018’s Women’s Prize for Fiction. Continue reading at The Bookseller

[ The Bookseller | 2018-04-24 00:00:00 UTC ]
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Unbound makes four editors redundant

Unbound is making four editors redundant following a "strategic reorganisation". Continue reading at The Bookseller

[ The Bookseller | 2018-04-24 00:00:00 UTC ]
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Facebook reveals its censorship guidelines for the first time — 27 pages of them

Among the most challenging issues for Facebook Inc. is its role as the policeman for the free expression of its 2 billion users. Now the social network is opening up about its decision-making over which posts it decides to take down — and why. On Tuesday the company for the first time published... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-04-24 00:00:00 UTC ]
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Weekly E-Book Ranking: perfect 10 for Eleanor Oliphant

Gail Honeyman’s début continues to remain completely fine at the top of the Weekly E-Ranking. Continue reading at The Bookseller

[ The Bookseller | 2018-04-23 00:00:00 UTC ]
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Tens of thousands expected to attend as Los Angeles Times Festival of Books kicks off

Tens of thousands of people are expected to attend this weekend’s Los Angeles Times Festival of Books, the largest event of its kind in the country. The 23rd annual festival, which celebrates reading and storytelling, got underway at 10 a.m. Saturday at the USC campus near downtown L.A. Authors... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-04-22 00:00:00 UTC ]
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First day of Los Angeles Times Festival of Books offers a little something for everyone

President Trump’s immigration policies, L.A.’s homeless crisis, the women’s movement and the culture of food were just a few of the topics covered during the first day of the Los Angeles Times Festival of Books on the USC campus. The 23rd annual festival, which celebrates reading and... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-04-22 00:00:00 UTC ]
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Los Angeles Times book prizes awarded to literary veterans, emerging authors

Abortion, gun violence, the global refugee crisis and the degradation of the Great Lakes were among the subjects of books honored Friday at the 38th annual Los Angeles Times Book Prizes. The awards were presented at USC’s Bovard Auditorium on the eve of the two-day L.A. Times Festival of Books,... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-04-21 00:00:00 UTC ]
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AT&T's Randall Stephenson tries to close the deal on Time Warner merger at antitrust trial

AT&T Inc.’s top executive gave a vigorous defense of the proposed $85.4-billion deal to buy Time Warner, describing it as key to the company’s ability to compete with a new generation of high-tech competitors. “This world is changing fast,” said Randall Stephenson, who took the witness stand... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-04-20 00:00:00 UTC ]
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Industry Notes: US Publishers Association Announces Book Expo Panels; UK’s Sunday Times Prize Opens for Entries

Three Big Five CEOs are scheduled for a session from BookExpo and the Association of American Publishers. And the UK's award for writers aged 18 to 35 opens for submission. The post Industry Notes: US Publishers Association Announces Book Expo Panels; UK’s Sunday Times Prize Opens for Entries... Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2018-04-20 00:00:00 UTC ]
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BookExpo Announces CEO Panel and Copyright Roundtable

BookExpo announced two panels that will be held at its forthcoming trade show featuring a number of industry CEOs and leaders, including the top executives at Penguin Random House, Simon & Schuster and Macmillan. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-04-19 00:00:00 UTC ]
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Teen Vogue is ditching print, but it’s still making ‘magazine’ covers for Snapchat

Though Teen Vogue announced the shuttering of its print edition in November 2017, it hasn’t stopped the Condé Nast-owned publication from ensuring the art of the magazine cover hasn’t been lost as it embraces a now fully digital identity. The post Teen Vogue is ditching print, but it’s still... Continue reading at Digiday

[ Digiday | 2018-04-18 00:00:00 UTC ]
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Action Comics #1000: the 10 most important issues from 80 years of Superman

From Superman’s first flight to the issue where he lost his job (and that time he made Santa buff), a look back at eight decades of Action ComicsEighty years ago today, the first issue of Action Comics was released, with the now iconic cover showing Superman lifting a car over his head as... Continue reading at The Guardian

[ The Guardian | 2018-04-18 00:00:00 UTC ]
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Matt Kemp, Yasmani Grandal punish former team in Dodgers' 10-3 win

A collective roar resounded from a corner of the visitors’ clubhouse at Petco Park on Monday afternoon. Gathered inside the food room, a group of Dodgers were watching the Washington Nationals play the New York Mets. The players erupted when Nationals outfielder Bryce Harper launched a home run... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-04-17 00:00:00 UTC ]
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Compton's Kendrick Lamar makes history with Pulitzer Prize win

Their names are inked in history books and on the walls of hallowed concert halls as winners of American music’s most esteemed award, the Pulitzer Prize for music: Aaron Copland, George Crumb, John Luther Adams, Ornette Coleman, Caroline Shaw and dozens more. Add to that list the man nicknamed... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-04-17 00:00:00 UTC ]
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How NBCU’s specialized unit makes shows for Snapchat and beyond

Some publishers complain about monetization on Snapchat, but NBCUniversal said with its Digital Content Lab, it's making real money there. The post How NBCU’s specialized unit makes shows for Snapchat and beyond appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2018-04-16 00:00:00 UTC ]
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Smith, Kang and Krasznahorkai make Man Booker International shortlist

Previous Man Booker International Prize winners Deborah Smith, Han Kang and László Krasznahorkai have made the shortlist once again. Continue reading at The Bookseller

[ The Bookseller | 2018-04-13 00:00:00 UTC ]
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It’s surprisingly easy to make government records public on Google Books

While working on a recent story about hate speech spread by telephone in the ’60s and ’70s, I came across an interesting book that had been digitized by Google Books. Unfortunately, while it was a transcript of a Congressional hearing, and therefore should be in the public domain and not subject... Continue reading at Fast Company

[ Fast Company | 2018-04-12 00:00:00 UTC ]
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Making the rights impact

As the rights-selling frenzy opens its doors, traders will be looking to get the most bang for their buck—and time—during this year’s London Book Fair. Continue reading at The Bookseller

[ The Bookseller | 2018-04-11 00:00:00 UTC ]
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Smith, Penny and Eddo-Lodge make Orwell Prize longlist

Ali Smith's Winter (Hamish Hamilton), Laurie Penny's Bitch Doctrine (Bloomsbury) and Reni Eddo-Lodge's Jhalak Prize-winning Why I'm No Longer Talking to White People about Race (Bloomsbury) are among the10 titles longlisted for the 2018 Orwell Prize for Political Writing. Continue reading at The Bookseller

[ The Bookseller | 2018-04-11 00:00:00 UTC ]
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Facebook CEO Mark Zuckerberg faces tough questions on Capitol Hill

Facebook Inc. Chief Executive Mark Zuckerberg faced criticism Tuesday from senators over his company’s handling of user data in a Capitol Hill hearing that could amount to a reckoning on the technology industry and its practices. “Let me just cut to the chase. If you and other social media... Continue reading at Los Angeles Times

[ Los Angeles Times | 2018-04-11 00:00:00 UTC ]
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