In 2006, Bailey benefited from a rise of almost 50% to £1.46m, but has had a much leaner time this year, when 's share price underperformed the FTSE 250 index and the FTSE 350 Media Index.
In 2007, her base salary increased from £700,000 to £721,000 while her annual bonus increased from £755,000 to £793,000.
Fellow senior executives, finance director Vijay Vaghela and secretary and legal director Paul Vickers, were also awarded increases in the region of 4%.
Bailey reshaped the company during the year by disposing of a number of assets, including The Racing Post and seven groups of local newspapers in the South of England.
However, the company aborted the auction of its Midlands and two groups of Southern local titles after offers came in lower than it expected.
Acquisitions included website in May for £11.8m.
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