Daily Mail editor paid £1.63m this year

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The Independent Online

Paul Dacre, the editor of the Daily Mail, was paid £1.63m for 2009, it emerged yesterday. Details of his salary were revealed as the newspaper's parent company Daily Mail & General Trust (DMGT) published its annual report yesterday.

Mr Dacre, who was appointed editor of the Daily Mail in 1992, received a remuneration package made up of £1.1m salary, and a £479,000 cash allowance.

His pay has risen slightly from a total of £1.62m in 2008. Part of the cash allowances were paid to Mr Dacre instead of his membership of DMGT's senior executives' pension fund, and also instead of the company providing him with a central London accommodation.

The report added he does not participate in an annual bonus plan, but he did receive £23,000 benefits in kind, which included a company car.

Mr Dacre, who has been at the group for three decades, was the best paid director after Padraic Fallon who was given a remuneration package of £3.4m. Of that, 95 per cent was made up of his bonus. Mr Fallon is executive chairman of Euromoney, the FTSE 250 publishing group majority owned by DMGT.

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