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Grade's basic salary was £813,000 and the bonus was £967,000, according to ITV's annual report published today. Other benefits in kind and cash in lieu of pension contributions took his total for the year to £1,934,000.

Grade missed out on a maximum bonus of 150% of his salary, according to an ITV spokeswoman, in part because of the negative impact of the premium rate services scandal that hit the broadcaster's reputation and finances last year.

She described the bonus as being based on a combination of corporate, financial, business and individual targets. Grade has opted to take the bonus entirely in nil-cost ITV share options, of which half cannot be exercised before the end of 2008 and the other half before the end of 2009.

The payment was separate to the longer-term "turnaround plan" incentive scheme tailored to Grade and other leading executives, including chief operating officer John Cresswell, that will reward them based on how well the company performs until 2012.

During 2007, ITV's share price dropped from around 105.5p to finish the year at 85.4p. Its shares are currently trading at 69p.

ITV1's annual share of commercial impacts dropped from 33.1% in 2006 to 32% in 2007. The ITV channel portfolio's share of commercial impacts dropped from 42.2% to 41.7%.