Irish Times editor Geraldine Kennedy, one of six executive directors
at the company, was paid â‚¬323,000 (£224,000) in 2004, writes Des Cryan
She and managing director Maeve Donovan earned the
same salary, up â‚¬15,000 (£10,000) on the previous year. Deputy editor
Paul O’Neill was paid â‚¬145,000 (£100,000) and managing editor Eoin
McVey â‚¬123,000 (£85,000). The six also shared â‚¬397,000 (£275,000) in
Annual accounts show that staff will receive a profit share payment equivalent to four per cent of annual salary.
The group wants to cut costs by â‚¬4.5m (£3m) and a voluntary redundancy package is being introduced.