Re­port re­veals Dacre took home £2.7m in his fi­nal year as Mail ed­i­tor

The Guardian - - FINANCIAL - Mark Sweney Me­dia busi­ness cor­re­spon­dent

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

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