Salary cuts for one of RTÉ’s top earners, Joe Duffy, don’t appear to have hit his bank balance as his firm’s cash pile last year rose 11% to €168,320.
New figures lodged by Duffy’s media firm, Claddaghgreen Ltd with the Companies Office, show the company increased its accumulated profits by €10,836 from €124,415 to €135,254 in the 12 months to the end of Apr 30 last.
The figures show the firm’s cash pile rose from €151,845 to €168,320 during the period.
The latest JNLR figures show that Duffy’s Liveline is the second most popular radio programme in the country with listeners totalling 413,000 in the latest period.
Each year, the show generates substantial advertising revenues for the state broadcaster but RTÉ doesn’t provide a breakdown of advertising revenues generated by each show.
Last year RTÉ confirmed that Duffy — who turns 58 on Monday — agreed to a further pay cut to bring his salary to €300,000 — down from €378,000 in 2011 when he was RTÉ’s fourth highest paid presenter.
The figures show Duffy’s firm had creditors totalling €33,063 falling within one year with the firm’s net assets standing at €135,257. The directors of the firm are Joe Duffy and his wife, June Meehan.
Separate documents lodged with the Companies Office show that healthy bank balances aren’t confined to those broadcasters working in the public radio sector.
Documents recently filed by George Hook’s firm, Foxrock Communications Ltd for the voluntary wind-up of his firm show that the company had a bank balance of €793,274 on Oct 31 last.
Along with presenting his evening time show on the Communicorp-owned Newstalk, Hook has been a long time rugby pundit on RTÉ.
Earlier this month, Hook announced he will retire from television after the 2015 Rugby World Cup in the autumn of next year.
He is to retire from his radio show, The Right Hook, a year later in Sept 2016.
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