Spanish newspaper El Pais employs the highest paid newspapers journalists in the world, according to Juan Antonio Giner, founder of Innovation Media Consulting Group.

Excluding directors, the average salary at the newspaper is €79,472 per year, with journalists making an average of €94,592 a year. Meanwhile, advertising and administrative staffers make an average of €70,159 and production staff makes about €69,775, Giner reported Saturday on his Innovations in Newspapers blog.

Giner also writes in his blog that 95 percent of staff at the Prisa-owned newspaper are under full-time and permanent contracts.

"The average salary of more than (US)$132,000 makes this newsroom the most expensive in the world," Giner states. "With salaries like this, change will not be easy."

But even though the newspaper's salaries would likely be envied by those at newsrooms around the world, Prisa's share prices are lower than ever, and the media holding company is looking at options to make more commercial sense, and "open the capital to new investors very soon," according to Giner.

"El Pais is going to change a lot. And the journalists know that they will not be able to enjoy the best salaries in the world anymore," Giner predicts.