Profits up for Duffy – even after pay cut
Published 23/01/2014 | 02:30
SALARY cuts for one of RTE's top earners Joe Duffy do not appear to have hit his bank balance as his firm's cash pile last year increased 11pc to €168,320.
New figures lodged with the Companies Office by Duffy's media firm, Claddaghgreen Ltd, show that the firm increased its accumulated profits by €10,836, from €124,415 to €135,254, in the year to the end of April 30 last.
The figures show that the firm's cash pile increased 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.
Last year, RTE confirmed that Duffy – who celebrates his 58th birthday on Monday – agreed to a further pay cut to bring his salary to €300,000, down from €378,000 in 2011 when he was RTE's fourth highest paid presenter.
The figures show the firm's net assets standing at €135,257. The firm's directors are Duffy and his wife, June Meehan.
Duffy joined RTE as a radio producer in 1989. Since then he has worked his way through several shows, first as a reporter on 'The Gay Byrne Show'.
Duffy recently fronted a new series 'Local Heroes', which celebrated people who have come up with innovative ways to stimulate job creation.
Meanwhile, documents recently filed by George Hook's firm, Foxrock Communications, for the voluntary wind-up of his firm show that the company had a bank balance of €793,274 on October 31.
Along with presenting his evening time show on Newstalk, Hook has been a long-time rugby pundit with RTE. Earlier this month, Hook announced that he will retire from TV after the 2015 rugby World Cup.
Hook is to retire from his radio show, 'The Right Hook', in 2016.