Paul Dacre paid £1.8m as Mail Online eyes further US expansion - Press Gazette

Paul Dacre paid £1.8m as Mail Online eyes further US expansion

Daily Mail editor Paul Dacre earned £1,786,000 for the year to the end of September 2012, Daily Mail and General Trust's annual report reveals.

The payment includes a 5 per cent increase on the basic salary for the Associated Newspapers editor-in-chief and a £500,000 bonus paid to him for each year he works beyond his contractual retirement age of 60. Dacre will be 65 in November.

A&N Media chief executive Kevin Beatty earned a salary of £660,000 plus a bonus of £200,000 and a pension/cash allowance off £246,000, which brought his total earnings to £1,133,000.

Revenue for A&N Media divided by division included the following:

  • Daily Mail and Mail on Sunday: £590m (down 3 per cent)
  • Metro: £89m (up 8 per cent)
  • Mail Online: £27m (up 74 per cent)
  • Evenbase (online recruitment business): £44m (up 14 per cent)

Mail Newspapers defined its vision for the next three years in the annual report as: "More women, more engaged and more Mail".

The report notes that the Mail Rewards Club, launched in 2011, is now said to have 750,000 members, "opening up a range of new direct to consumer revenue opportunities".

The report also reveals that some 34 per cent of daily visits to Mail Online now com via mobile devices. Mail Online's iPhone, iPad and Android apps now are said to attract some 445,000 users every day. And it says that Mail Online plans to continue its expansion of editorial bureaus in New York and Los Angeles.

The late Patraic Fallon, who died in October aged 66, was DMGT's highest earning director. As chairman of Euromoney he was paid £5.9m thanks mainly to his profit-share deal. The lucrative B2B publishing business is focused on the finance, metals and commodities markets and delivered operating profit of £112m on revenues of £394m for the year to the end of September.

DMGT chairman and controlling shareholder Viscount Rothermere paid tribute to Fallon in the report describing him as a "creative force, a genius journalist and a talented businessman".

At the age of 28 Fallon moved from being a financial journalist for the Daily Mail to become editor, executive director and finally chairman of Euromoney, "building a phenomenally successful brand that defined and set the pace, globally, for financial publishing".

Rothermere said he was "a gifted writer and a much-loved friend, his approach to life was underpinned by his inimitablee Irish character and flair."



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Author: Dominic Ponsford

Dominic Ponsford is the editor of Press Gazette