The chief executive of Independent News & Media, Tony O'Reilly, was paid €1.817m in 2006, compared to €1.47m in 2005, according to the group's latest annual report.
He was also paid around €24.9m in dividends on the 199.39 million shares he held in the year.
He also made a profit of €2.54m on the exercise of 2.65 million share options at a weighted average exercise price of €1.61. The average share price on the dates of exercise was €2.57.
At the end of 2006, he held 4.739 million share options exercisable at an average price of €2.31 until December 2016.
Gavin O'Reilly, the group chief operating officer, saw his renumeration rise to €1.4m from €1.27m in 2005. Gavin O'Reilly's pay package included a €525,000 bonus.
At the end of 2006, he held 2.97 million share options exercisable at an average price of €2.40 until December 2016.
Vincent Crowley, chief executive of Independent News & Media Ireland, received €1.284m pay, up from €1.14m in 2005. His 2006 package included €581,000 salary and a bonus of €450,000.
CEO of Independent News & Media UK, Ivan Fallon, was paid €1.43m, compared to €1.1m the previous year and Donal Buggy, the group chief financial officer, was paid €1.01m, up from €892,000 in 2005.
Brendan Hopkins, a seconded director and CEO of APN News & Media, in which Independent has a 42% stake, was paid €1.9m last year. This included a €472,000 bonus and a €960,000 salary.
His 2005 dividends on his 1.67 million shares were €208,413 and he made a €165,062 profit on the exercise of share options.
Independent News & Media is currently leading a consortium that has offered to buy out the remainder of APN.
IN&M, Providence Equity Partners and the Carlyle Group last month increased their offer for APN, which they said was a final one, to A$6.20 (€3.82) per share, from the A$6.10 announced in February.
