Mark Thompson

Plus, his sign-on bonus to be paid in stocks and stock options is valued at $3 million, according to The New York Times.

In addition to numbers released this morning, reportedly he’s eligible for an annual bonus of $1 million.

Thompson is eligible to earn a separate bonus to the tune of $3 million as it relates to meeting long-term incentives. This isn’t a guaranteed number; its’ contingent on meeting specific goals and would be paid out over three years.

Joining from the BBC, he replaces Janet Robinson. According to the piece, his compensation package is similar to hers. It’s anticipated he’ll begin his new job this November.

New Career Opportunities Daily: The best jobs in media.

• NY Times CEO’s 2010 compensation falls 8 percent (via Extra! Extra!)

• Politico’s Levi to ABC; ABC’s Raabe to The Atlantic (via FishbowlDC)

• USA Today Adds Fourth Film Writer (via FishbowlLA)

• News Editor Dominic Patten Parts Ways with The Wrap (via FishbowlLA)

• Richard Price Named CEO of Chicago Sun-Times Parent Co. (via MinOnline)

• AP Promotes Amanda Barrett to New York City News Editor (via FishbowlNY)

• MTV Appoints New EVP of Insights (via PRNewser)

New Career Opportunities Daily: The best jobs in media.

- No one knows if the New York Times paywall will work once the company finally installs the plan, but it already wants to do the same thing to the Boston Globe. According to the NYT CEO Janet Robinson said “we are moving pretty quickly in regard to the Globe as well. There is more work… In regard to big picture, you’re going to be seeing introduction of apps going in this quarter, in fact, in regard to Boston.com. But from a standpoint of evaluating what we plan on doing in regard to paid models, they are, that is under evaluation right now.”

- Hearst has finally figured something out that tech companies already do, yet few publishing companies have ever tried: It plans to tap its workforce to come up with new business ideas and revenue streams. And if the employees come up with good ideas, Hearst will pay them a little extra. Why not mimic the most successful companies out there, like Google. The new plan “creates a pathway for us to discover, develop and reward great new business ideas from the best source available-our own employees-while supporting a company culture of creativity and collaboration,” said Hearst CEO Frank A. Bennack to Folio:. Not just a good idea, but a great one.

- The National Journal named a new deputy editor-in-chief today, hiring Editor in Charge of Foreign Policy and National Security for Thomson Reuters Patricia Wilson. It’s quite the move for Wilson, who has spent the last three decades at Reuters. “Her experience in reporting and managing news and teaching the craft of journalism is nearly unparalleled in Washington,” said Journal editor-in-chief Ron Fournier. “With Patsy at the helm, we will take our fantastic collection of talent and turn it into a digital-first newsroom team producing at the highest level every single day.” Just add another one to the long-list of big-name hires at NJ.

New Career Opportunities Daily: The best jobs in media.