Should Desmond really pay himself so much?

The Times's media commentator Dan Sabbagh asks a relevant question about the Express Newspapers owner Richard Desmond, who has paid "the lion's share" of his company's profits into his own pocket: "When the future of consumer media is being called into question, is Mr Desmond's empire investing and developing enough to safeguard its long-term future?" He also takes a look at the fortunes of City A.M. in an interview with Jens Torpe, its founder. (Via The Times)