Daily Mail editor Paul Dacre's pay rises to £1.8m
Wednesday 08 January 2014
Paul Dacre remains Britain’s highest-paid newspaper editor, receiving £1.8m last year, according to the annual report of Daily Mail & General Trust (DMGT).
On top of a base salary of £1.3m, the editor-in-chief of The Daily Mail, who will be 66 in November, received a five per cent pay rise and a further £500,000 bonus, paid for each year worked beyond his contractual retirement age of 60. The editor, who is also an executive director of DMGT, also receives a pension pot worth £652,000 a year.
Mr Dacre has been editor of The Daily Mail since 1992 and editor-in-chief of publishers Associated Newspapers since 1998.
He was recently the subject of controversy after he refused to apologise to Ed Miliband over the Mail's depiction last year of the Labour leader’s late father, Ralph Miliband, as “The Man Who Hated Britain”.
DMGT saw revenues fall from £1.96bn in 2012 to £1.8bn in 2013 but its adjusted profits before tax rose from £255m to £282m in the same period.
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