Paul Dacre has just announced that he is to step down as editor of the Daily Mail in November, having edited the newspaper since 1992. Mr S has been passed a copy of his letter to staff announcing the news. Dacre says he now plans to take on 'broader challenges within the company as chairman and Editor-in-Chief of Associated'. Here is the letter:
Will it be a case of champagne at the ready at the paper's fiercest rival, also known as the Mail on Sunday?