Profits at Tubridy firm rise despite star's pay cut
PROFITS at Ryan Tubridy's media firm jumped almost four-fold last year to more than €225,000, in spite of the RTE star's hefty pay cut.
New accounts show profits at Tuttle Productions, a firm owned by the 'Late Late Show' presenter, jumped from €60,446 to €227,661 between August 2011 and August 2012.
This is an increase of just over €167,000.
This is despite the most recent JNLR figures showing that the RTE star lost another 1,000 listeners, down to 159,000.
This is significantly less than when the late Gerry Ryan held the slot.
The accounts include a four-month period in 2011 when Mr Tubridy was RTE's highest earner. He earned €723,000 in 2011 for presenting the 'Late Late Show' as well as his 2FM morning show.
But the Dubliner – who is a contractor rather than an RTE staff member – took a 31pc paycut last year. His pay in 2012 was cut to €495,000.
In an interview earlier this year, Tubridy – who turned 40 this year – 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," he said. "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."
His salary is funded by a combination of TV licence fees and commercial sales made by RTE. The national broadcaster made €167.3m in 2011 from commercial activities, with €183.6m from TV licence fees.
RTE declined yesterday when asked how much money Tubridy's 'Late Late Show' makes each year through advertising and sponsorships. But this figure is undoubtedly substantial given that the chat show was the most watched programme in Ireland in 2012. There were 30 'Late Late Shows' broadcast during the year, watched by an average of 625,600 people.