A media company co-founded by Bob Geldof is adding a Belfast-based TV current affairs production company to its stable, it was announced today.

TEN Alps, the London-based television production and media group in which Bob Geldof is the joint largest shareholder, has bought the specialist media, trade magazine publisher and advertising sales company, Atalink, for an initial consideration of £1.76 million (€2.6m).

TEN Alps Communications, the television production company part owned by Bob Geldof, said profits in its last financial year quadrupled.