Report Recommends Closure Of Irish TV’s Tralee Office As Company Obtains Court Protection

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Irish TVTHE Irish TV company has obtained High Court protection after an unexpected funding shortfall and liabilities over assets of €8.7m.

The station has its headquarters in Westport, Co Mayo, but also has a base at Kerry Technology Park. The company made a petition to the High Court today seeking its protection with an immediate operational cash flow shortfall after the main funder withdrew support in late October.

The company has been making losses for four years and has net liabilities of €8.7m. The report says that the company has a reasonable prospect of survival, if a number of steps are taken, including the closure of offices in Kerry, New York, London, Dublin and Tyrone and the implementation of a redundancy programme for certain employees and reduced travel costs and expenses across all departments.

Factors which caused difficulties for the station included the fact it was not in a position to fund RTE’s security requirements for accessing the Saorview platform and the Brexit decision affecting advertising revenue.

Ms Justice Marie Baker appointed Michael McAteer as interim examiner.

Irish TV broadcasts a 24-hour channel on Sky, Eir and free-to-air services as well as an on-line video on demand service. It has a regular Kerry County Matters programme broadcast on Wednesday nights at 7.30pm.

One Comment

  1. I was born in Tralee in 1943. My father left my mother before I was born. My mother took us all to england not long after I was born. I have never been back. I am planning to return to Tralee this summer. I have written a song I would like to sing in the Austin Stack stadium in the interval on one of your match days. I would love a local choir from Tralee to help me. The Irish orphan boy coming back home. Thank you.
    Tom Terry.

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