Report reveals Dacre took home £2.7m in his final year as Mail editor
Paul Dacre took home almost £2.7m in his last year as editor of the Daily Mail.
Dacre, 70, who ended a 26-year stint in that role in the summer but remains chairman and editor-in-chief of Associated Newspapers, received £2.68m in all. The total comprised a salary of £1.45m, benefits of £66,000 and a £1.17m payout as part of the parent company Daily Mail & General Trust’s long-term investment plan.
Lord Rothermere, chair of DMGT, saw his own total remuneration rise by a third to £2.4m. He paid tribute to Dacre in his chairman’s statement in the company’s annual report for the year to the end of September.
“The success of DMG Media would not have been possible without the enormous contribution of Paul Dacre,” he wrote. “Paul is the greatest Fleet Street editor of his generation. I am confident that the popular high-quality journalism that has defined the Daily Mail for generations will remain a hallmark of the newspaper under Geordie Greig, Paul’s successor.”
Dacre, who joined the group in 1979 as the US bureau chief, has accrued a pension pot that pays out £735,000 a year. DMGT no longer makes any contributions towards his pension.
Last month DMGT reported that Mail Online’s ad revenues had overtaken those of the Daily Mail and Mail on Sunday for the first time.
This came despite a 13% slump in its audience after Facebook’s move to deprioritise news appearing on users’ timelines. Its daily global unique browsers fell from about 14.83 million to 12.9 million, a loss of 1.93 million, in the year to the end of September.
Paul Dacre was replaced as editor of the Daily Mail by Geordie Greig this year but remains with the company