Lord Rothermere’s party at Claridge’s to celebrate 125 years of the Daily Mail, scheduled for next week, has been cancelled. So the opportunity for a lot of Mail intrigue and gossiping has been lost. Guido will make up for the cancellation by focusing on the subject of their greatest interest…
The most sought-after job in the British media is up for grabs with the announcement that Martin Clarke is leaving his creation MailOnline, where he is authoritatively rumoured to be on £2 million-a-year. According to Guido’s sources, it was Lord Rothermere’s intention to take DMG private that sparked Martin Clarke’s decision to move on. Clarke believes – not without reason – that if he had created a start-up media title as successful as MailOnline he would have made tens of millions; the billion dollar sale of Politico highlights the value of digital-native success stories. For Clarke, a private, unlisted DMG means no lucrative share options and the mere status of a very well-paid employee. Those few millions were not enough…
Clarke’s decision to go triggered consequential events at Britain’s most successful newspaper title. Rothermere realised he would now be in need of a replacement consigliere, so he decided to summon Paul Dacre back for that role. The promotion of Richard Caccappolo to become chief executive of the company’s media business was not significant in the firing of Geordie Grieg, contrary to reports elsewhere. Dacre demanded the ousting of his long-term enemy Grieg as the price of his return.
With Dacre back at the heart of the Mail group and Ted Verity in combined control of both the Mail on Sunday and Daily Mail titles, they will operate as an integrated operation. The remaining question of the leadership of MailOnline behemoth has to be resolved by next year when Clarke leaves. Guido brings you the runners and riders for the job:
Whoever gets the job will oversee one of the most-read publications in the free world…