€2m dividend puts newspaper group in the black

A €2.65 million dividend from the company that operates Galway Bay FM helped the Connacht Tribune media group return to profit last year.

The group publishes the Galway city-based Connacht and City Tribune newspapers along with the Connacht Sentinel and also owns Galway Bay FM.

Accounts just filed with the Companies Office show that the group recorded a post-tax profit of €1.54 million in the year to the end of March last year.