Ryan Tubridy's firm reports €290k profit
Published 18/06/2014 | 06:31
The cash pile at the media firm owned by RTE’s top earner, Ryan Tubridy, last year climbed to over €290,000.
Figures just lodged with the Companies Office by Tubridy’s Tuttle Productions Ltd show that the firm’s fortunes continued to prosper last year in spite of the RTE star taking a hefty pay cut.
The figures show that the Dubliner’s firm’s accumulated profits increased by €26,390 from €227,661 to €254,051 in the 12 months to the end of August 31 last.
The accounts reveal that the company’s cash pile increased by €53,272 from €239,583 to €292,855 in the 12 months to the end of August last year.
RTE last year confirmed that Tubridy was the broadcaster’s best-paid star in 2012 when he received €495,000 pay for presenting The Late Late Show and his Monday to Friday 2FM radio show.
The broadcaster revealed last year that Tubridy was paid €723,000 in 2011 and took a 32pc pay cut in his current contract.
Income at the firm would also include revenues generated by Tubridy’s stints at BBC Radio 2 where he has stood in for Graham Norton.
In an interview last year, Tubridy - who turned 41 last month - confirmed that was willing to take a further cut in his annual salary at RTE.
“I have delivered every time a knock has come on my door for a pay cut. I have taken at least 32pc already. I will not be found wanting. I never have in the past and I won’t be in the future,” he said.
The accounts don’t disclose if dividends were paid to Mr Tubridy last year or not, however a note attached states that dividends to the firm’s ordinary shareholders are recognised as a liability of the company when approved by the company’s shareholders at the AGM.
Tubridy’s salary is funded between licence fees and commercial revenues.
The Late Late Show was the most-watched programme in Ireland in 2013 and in 2012 with 1.54 million viewers tuning in last December for the annual toy show and this followed 1.45 million viewers watching the 2012 show.
The latest JNLR figures for Tubridy’s morning time radio slot show that it had 148,000 listeners - the station’s second most popular show.