Connacht Tribune Media Group in the red with loss of €250,000

The company that operates the Connacht Tribune Media Group slipped into the red last year to record a loss of almost €250,000.

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 loss of €243,881 in the 12 months to the end of March last following a €1.54 million profit in 2010.