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Johnston Press chief executive million pound earnings revealed in annual report

March 28th, 2011Posted by in Business, Editors' pick, Jobs

Johnston Press chief executive John Fry collected earnings of more than £1 million in 2010, according to the publisher’s annual report, sent out late on Friday afternoon.

The report follows an announcement earlier this month alongside the company’s preliminary results that Fry was to step down within the next year.

According to the figures Fry earned a basic salary of £525,000 in 2010, the same as the previous year, which was then boosted further by benefits and performance related bonus. This led to a total of £1,001,000, an increase on 2009 when Fry received a total of £969,000.

The salary details of other directors were also detailed in the report, with chief financial officer Stuart Paterson, who resigned last year, receiving a total of £520,000 and Danny Cammiade, chief operating officer, receiving an increased total of £618,000.

The report outlines the publisher’s financial performance in 2010, with key statistics including a decrease in total revenues of 7.1 per cent to £398.1 million, a drop in circulation revenues of 2.8 per cent to £96.7 million and an increase in digital revenues of 4 per cent.

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