ITN boss had his payment package tripled in 2010

John Hardie, chief executive of ITN, made close to £700,000 as his company’s accounts showed a £400.

ITN chief executive, John Hardie, was granted a payment package of £682,000 in 2010, according to the broadcaster's accounts which were published last week.

This sum includes his basic salary of £350,000 and over £300,000 in benefits and bonuses. This is close to three times his revenues in 2009, the year in which he joined the group, when his income was of £238,000.

The rest of the company's seven person board earned £428,000 in 2010; a sum which comprises salaries, bonuses and pensions.

Meanwhile, 2010 marked the return of positive results for ITN. The broadcaster's pre-tax profit was of £400,000 for last year, which the corporation described as "challenging". Back in 2009, results showed a £4.2m deficit.

The accounts also show that there was a cut in staff, which was reduce from 729 to 640, thus shrinking the company's total salary expenses from £45.3m to £41.2m..