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Duffy's firm boosts cash pile to €168k

SALARY cuts for one of RTE's top earners, Joe Duffy, don't appear to have hit his bank balance as his firm's cash pile last year increased by 11pc to €168,320.

New figures lodged by Duffy's media firm, Claddaghgreen Ltd, with the Companies Office show the company increased its accumulated profits by €10,836 from €124,415 to €135,254 in the 12 months to the end of April 30.

The figures show the firm's cash pile increased from €151,845 to €168,320 during the period.

Meanwhile, the latest JNLR figures show Duffy's Liveline is the second most popular radio programme in the country, with listeners totalling 413,000 in the latest period.

Each year, the show generates substantial advertising revenues for the State broadcaster but RTE doesn't provide a breakdown of these by each show. Last year, RTE confirmed that Duffy 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.

ASSETS

The figures show that Duffy's firm had creditors totalling €33,063 falling within one year with the firm's net assets standing at €135,257.

The directors of the firm are Joe Duffy and his wife, June Meehan.

Born in Dublin in 1956, Duffy joined RTE Radio as a producer in 1989.

Since then he has worked his way through several shows, first as a reporter on The Gay Byrne Show and then as presenter of several programmes including the media programme Soundbyte.

Separate documents lodged with the Companies Office show healthy bank balances aren't confined to those broadcasters working in the public radio sector.

Documents recently filed by George Hook's firm, Foxrock Communications Ltd, for the voluntary wind-up of his firm show that the company had a bank balance of €793,274 on October 31 last.

hnews@herald.ie


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