Joe Duffy media firm sitting on accumulated profits of €483,470

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Joe Duffy Media Firm Sitting On Accumulated Profits Of €483,470
Joe Duffy: The most recent JNLR figures show that listeners flocked to Liveline during the Covid-19 pandemic
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Gordon Deegan

Accumulated profits at the media firm operated by one of Ireland’s best known broadcasters, Joe Duffy last year topped €483,000.

New accounts filed by the Liveline presenter’s Claddaghgreen Ltd show that accumulated profits at the company fell by a modest €3,441 to €483,470 in the 12 months to the end of June last.

The slight decrease in accumulated profits followed a €19,060 drop in accumulated profits in the 12 months to the end of April 2019.

Last year, the cash pile at Claddaghgreen decreased by €26,806 from €567,447 to €540,641.

Top earner

Duffy remains one of RTÉ’s best paid presenters. Figures released by RTÉ in January of this year show that Duffy remained the third-highest paid presenter at the broadcaster, with pay of €392,494 in 2019.

This represented a drop on the fees of €404,988 paid out in 2018.

In the pay figures, the Ballyfermot man trailed behind only Ryan Tubridy and Ray D’Arcy in RTÉ’s ‘Top 10’ earners.

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The most recent JNLR figures show that listeners flocked to Liveline during the Covid-19 pandemic.

The figures show that the programme added 41,000 listeners year-on-year, bringing its audience up to 404,000 which is the show’s biggest listenership in some time.

There, listeners were served with a mix of searing testimony from callers impacted by the pandemic and lighter topics such as the portrayal of sex in Sally Rooney’s Normal People.

Mr Duffy is not a paid employee of RTE but is instead employed as a contractor.

In a press interview in May of last year, Duffy said: “Any spare money goes into the pensions in our household. I don't have a pension from RTE, I don't have sick pay and I don't have a safety net - and the pension is gone again.

“It disappeared 10 years ago with the crash and now with Covid-19. It was invariably invested in stocks and shares. It's not a worry in my life. The worry in life at the moment is people's health."

Each year, Liveline generates substantial advertising revenues for the State broadcaster but RTE doesn’t provide a breakdown of advertising revenues generated by each show.

Born in Dublin in 1956, Duffy joined RTÉ Radio as a producer in 1989. Since then, the father of triplets has worked his way through several shows, first as a reporter on The Gay Byrne Show and then as presenter of several programmes.

 

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