View all newsletters
Sign up for our free email newsletters

Fighting for quality news media in the digital age.

  1. Archive content
June 7, 2001updated 17 May 2007 11:30am

Mail plays down £15m bonus story

By Press Gazette

Daily Mail editor Paul Dacre is said by colleagues to have been taken completely by surprise by a Guardian article claiming he is part of a Daily Mail & General Trust share scheme which could bring him a £15m bonus.

The scheme is being implemented but Dacre does not know whether he will be part of it, they say.

If he did take part, he would have to put £1m upfront in shares while recognising that the return forecast by The Guardian would be based on almost impossible to achieve results – over seven years DMGT would have to outperform every other media company in Britain.

"It’s bloody risky. It would be a target hugely unlikely to be achieved," said one Associated executive.

However, Dacre is not only editor of the Daily Mail; he is also Associated Newspapers’ editor-in-chief, a member of the DMGT main board and of the Teletext board.

He is certainly a candidate for a share scheme devised for major DMGT players, who are playing a key role in creating strategy for a major FTSE company.

Content from our partners
MHP Group's 30 To Watch awards for young journalists open for entries
How PA Media is helping newspapers make the digital transition
Publishing on the open web is broken, how generative AI could help fix it

By Jean Morgan

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network