'Angelus' company Kairos banked €550,000
A Dublin-based firm that has produced the 'Angelus' for the past decade and religious programming on RTE was sitting on a cash pile of €550,000 at the end of last year, writes Gordon Deegan.
Kairos Communications is the largest independent contributor to RTE's religious-programming services. Its director, Fr Finbarr Treacy, said yesterday he was "very happy" with how the company performed in 2012. The firm recorded a modest profit of €36,866 in 2011.
The firm employs 18 full-time staff. Fr Treacy said the company is contracted to produce nine hours of television and 49 hours of radio programming for RTE in the current year.
The firm was established in the 1970s by the late Fr Michael Melvin, and it started producing religious programming for RTE in the 1990s when it produced the 'Prayer at Bedtime' that was broadcast before the playing of the National Anthem.
Fr Treacy said that a large proportion of the company's cash pile has since been invested in new high definition technology to enhance its services.
"You have to have your technology to the highest spec – otherwise, you are not in the game."