RTÉ may be willing to pay 350k for a revenue stream worth 750k, but there are two further questions: 1. Why should the greater part of it go to the presenter, instead of to the other critical members of the production team? 2. Is it feasible to replace the presenter with someone who will generate a better marginal return on the salary?
I think most people have a problem with the idea that all that advertising revenue is inherently linked to Tubs. A lot of people think that you could put a sock puppet in that slot with the Late late show infrastructure supporting it in and get the same result (Many of think this is what has been happening for the last however many years). I understand that Advertisers are risk averse, like things as they are, but really I sincerely doubt RTE will see any particular advertising hits. The idea there is a ride or die Tubridy demographic to me is ridiculous (doubly so for Brendan o Connor!) ultimately in satisying tubridy and maintaining the status quo beyond what is reasonable, they've managed to fatally engulf RTE in scandal, so was it worth it?
It is my understanding that the ratings for Tubridy’s show were not actually good compared to other presenters shows such as when Pat Kenny was on RTE. Also I believe that by just being on in his time slot on RTE radio 1 a certain amount of ad revenue is going to be generated by default. I don’t think he justified he’s enormous salary paid by the public. Not money well spent.
I have to disagree with you on the non cap policy of Rte stars. You referenced an analogy to football clubs. Indeed many clubs have a salary wage cap. You talked about market competition. And the fact RTE could lose a star to Newstalk for example. However there is no other tv or radio station able to compete with Rte wages! For sure for example Ryan Turbidy could go the the UK and increase his Salary by maybe 200000 a year by replac ing Philip Scholfield on this morning show. But there is no competition? When did an Rte star last go abroad for more money. Also you have a good point which I agree on time put into the shows.Obviously there is alot of preparation work. You state RTE can pay him the salary uncapped because of advertisement revenue is so large. I disagree as advert revenue is not sufficient to cover salary cost at RTE. The Irish citizens licence fee isn't sufficient to cover the defecit. Saying costs shouldn't be capped is ludicrous.
Thank you for another interesting and informative video. The high salaries are completely beyond my experience. The banks were run by very highly paid people and they failed. I think part of the outcry about the salaries of R.T.E. is that Ryan Tuberty, Joe Duffy and others act as the common man with great sympathy for the poor and disabled, that people forgot how ambitious and well paid they were.
Tubridy doesn't save lives,what are you on about,he's an overpaid broadcaster but that's not the issue,the lack of transparency is his wages for the last seven years is the problem all undeclared wages, please keep on point will you and stop deflecting
6:06 Prior to the current RTE salary debacle, the narrative to justify RTE star salaries over the past 20 years was "market forces ". The narrative suggested that if the said stars did not receive the said salaries they would go to competition either home or abroad. When you see the current stars renegotiating contracts and salaries significantly less than what they had previously. This narrative has been shown to be "quite ludicrous" . It would be the equivalent of a Bohemians soccer player stating that if they don't get the salary that they're requesting, market forces would dictate that other clubs like Manchester United would snap up their services.
But am i missing something... why did they all need to lie about how much he was payed.. how much they are paying him... where the money was coming from.... reno or rte .... why need to try and cover it all up... like if it doesnt matter about how much he is payed what is the big drama about..
I think Terry, while your points are valid. I do wonder apart from one of sponsors pulling out from Tubbs show, how does the revenue stream look, has it keeled over. IE was it him bringing in the money or was it RTEs vast transmission network via RTE 2RN that companies want access to, lets not forget RTE isn't some pirate operation its a vast media operation for the state, that alone is worth thousands to them in revenue regardless if Tubbs/Joe etc are on air.
Terry, I have listened to you labour law podcasts for some time and found them very informative and easy to understand. Your latest on Tubridy is very disappointing. I have to smile when I read about the carry on of these so called RTE stars. The younger generation do not listen to or watch RTE so your flogging a dead horse there I'm afraid Who decides who is an RTE star, as far as I'm concerned RTE does not have stars they have want to be over payed stars. To summarise rte should either sink or swim on it's income of licence money only or if not it should be privatised along with TG4. There are over 1800 employees in RTE I love to know what exactly what each of them does every day? apart from keeping the canteens in montrose busy
Fair points. A large part of the problem is that RTÉ wear the guise of public service broadcasting when they want the license fee, but a commercial one when justifying salaries. So for instance it would be better for them to provide a breakdown of overall production cost of a show versus revenue generated, rather than just the presenters salary. This is of course commercially sensitive info, but could be managed via percentages. Instead we have faux gombeens on committees “just asking questions” without the full financial context. On the second point, that would only be justified if RTÉ was only a public service dependant on the public purse with no commercial capacity, like a lot of other state broadcasters, in Sweden or our nearest neighbours for instance.
It's a public service and as such it should be subject to standard government and EU rules for procurement of services. Who were the people interviewed with Richard Keelty. Do they expect to be earning less advertising revenue if his salary is the publicised 250,000 ???? Could they not have found a better candidate to generate greater revenue ?
RTE are also hemorrhaging viewers though. You can't deny that the younger generation in Ireland have little interest in watching RTE and it's the same with radio. People like Tubridy are considered past-tense by newer generations: they are NOT well liked, they are not watched en masse like Gay Byrne used to be. And if RTE continues to do what it has been doing, it'll be dead in the water in a decade. Instead of investing in solid value productions set in Ireland, RTE spend it on their biggest stars. It's short term gain for a long term loss. It shows they're not interested in investing in the newer generations and it will lead them to continue to lose viewers and TV licensees. TnG manage to do amazing work on a fraction of the budget that RTE spends. Why is that? Tubridy is the first to go and he should not be the last. Advertisers won't keep this company going, Terry. Only viewers will do that. Tubridy's viewers are all in an older generation, they're literally dying off. RTE needs to start investing better before it dies too.
The point should be made that it's the shows themselves and the cudos and reach of RTE that's the primary factor in all this. RTE is still the largest broadcaster in the state with a long history and a broad and loyal support base, despite increased competition. How many other presenters could have generated the revenue that Tubridy did? Quite a few in my opinion. The culture of excessive payments to 'talent' has been an open wound in RTE for many years and the situation was allowed to develop unchecked because of a lack of oversight and governance. Backhurst himself is of this view and he's now committed to finally addressing the issue. He wouldn't be doing it if it wasn't necessary. The excuse that's been trotted out by previous administrations has been that we pay them these salaries or risk losing to them. Losing them to who? Who in the irish broadcasting landscape will pay him 500k a year. Nobody! How much is Matt Cooper being paid, or Ivan Yates? How much does Kenny earn now?The audiences and sponsors won't follow him. They'll remain with RTE as they always have. It's RTE who made Ryan Tubridy, not the other way around.
So why is it called "The Ryan Tubridy Show"? Or "The Claire Byrne Show"? Or the "Joe Duffy show"? "The Ray Darcy Show?" "The John Creedon show"? We all know it is the personality that drives the show and the advertising euros. Those of us engaged in commercial activity, that is.
@terrygorry and why is it that the late late has remained popular irrespective of who's presenting it? Do you really think the figures will be appreciably different when Kielty takes over?
Liked, shared, reposted. Great content. I'm not a Tubridy fan though, I couldn't watch him for five minutes,, and the underhanded dealings were , in the end , bad for business. So I'd argue that he didn't ultimately deliver value for money.
Terry, your take on this is flat out wrong and shows a compete misunderstanding of the economics that you are accusing others of. What Tubridy brings in in sponsorship is not solely down to Ryan Tubridy, it is MOSTLY down to being on RTE and the time slot he was in. Brendan O'Connor gets 330k listeners, Pat Kenny gets 180k listeners. No one would suggest Brendan O'Connor is a more skilled broadcaster surely. It's the RTE factor. The way to decide if Tubridy is worth his wages is to compare what his wages are and what sponsorship he brings to what an alternative presenter would cost in wages and would bring in in sponsorship. Patrick Kielty, for example, will be a far better financial investment for RTE than Tubridy. You should stick to the law.
Without the local Gardai, the TV station wouldn't last 5 minutes. Without the ESB worker, it wouldn't even last 5 minutes. So should these workers be paid fortunes? Because without them, a show which raises 1 million in revenue, wouldn't make a cent without them. It is unfair that the front man is chosed to walk away with a sack of cash when it's a team effort.
350k ! Thats Insane money for a TV show presenter tbh .. RTE and the television licence should be done away with in fairness . . Who watches this show ? Even when you look at older footage of gay Byrne presenting the audience was full of old people. Most of these are probably dead now at this stage tbf 😂
If turbidy is worth more than 350000 let him go out on his own with news talk and social media it's a free capitalist society , why doesn't he start a podcast he can pay for the researchers, contacting guests and all the over heads with running a business if was bringing in 700000 in advertising I want more than 350000
It is your business, it's your money and your time and BTW if you are on minimum wage and can't pay the TV licence we will run you through the courts like the criminal you are. Nuff said Pal..!
RTÉ may be willing to pay 350k for a revenue stream worth 750k, but there are two further questions:
1. Why should the greater part of it go to the presenter, instead of to the other critical members of the production team?
2. Is it feasible to replace the presenter with someone who will generate a better marginal return on the salary?
I think most people have a problem with the idea that all that advertising revenue is inherently linked to Tubs. A lot of people think that you could put a sock puppet in that slot with the Late late show infrastructure supporting it in and get the same result (Many of think this is what has been happening for the last however many years). I understand that Advertisers are risk averse, like things as they are, but really I sincerely doubt RTE will see any particular advertising hits. The idea there is a ride or die Tubridy demographic to me is ridiculous (doubly so for Brendan o Connor!) ultimately in satisying tubridy and maintaining the status quo beyond what is reasonable, they've managed to fatally engulf RTE in scandal, so was it worth it?
Exactly. It is Terry Gorry who has shown he has no grasp of finance or business here, a complete own goal by Mr Gorry.
It is my understanding that the ratings for Tubridy’s show were not actually good compared to other presenters shows such as when Pat Kenny was on RTE.
Also I believe that by just being on in his time slot on RTE radio 1 a certain amount of ad revenue is going to be generated by default. I don’t think he justified he’s enormous salary paid by the public. Not money well spent.
I have to disagree with you on the non cap policy of Rte stars.
You referenced an analogy to football clubs.
Indeed many clubs have a salary wage cap.
You talked about market competition. And the fact RTE could lose a star to Newstalk for example.
However there is no other tv or radio station able to compete with Rte wages!
For sure for example Ryan Turbidy could go the the UK and increase his Salary by maybe 200000 a year by replac ing Philip Scholfield on this morning show.
But there is no competition? When did an Rte star last go abroad for more money.
Also you have a good point which I agree on time put into the shows.Obviously there is alot of preparation work.
You state RTE can pay him the salary uncapped because of advertisement revenue is so large.
I disagree as advert revenue is not sufficient to cover salary cost at RTE.
The Irish citizens licence fee isn't sufficient to cover the defecit.
Saying costs shouldn't be capped is ludicrous.
Thank you for another interesting and informative video. The high salaries are completely beyond my experience. The banks were run by very highly paid people and they failed. I think part of the outcry about the salaries of R.T.E. is that Ryan Tuberty, Joe Duffy and others act as the common man with great sympathy for the poor and disabled, that people forgot how ambitious and well paid they were.
Tubridy doesn't save lives,what are you on about,he's an overpaid broadcaster but that's not the issue,the lack of transparency is his wages for the last seven years is the problem all undeclared wages, please keep on point will you and stop deflecting
6:06 Prior to the current RTE salary debacle, the narrative to justify RTE star salaries over the past 20 years was "market forces ".
The narrative suggested that if the said stars did not receive the said salaries they would go to competition either home or abroad.
When you see the current stars renegotiating contracts and salaries significantly less than what they had previously. This narrative has been shown to be "quite ludicrous" .
It would be the equivalent of a Bohemians soccer player stating that if they don't get the salary that they're requesting, market forces would dictate that other clubs like Manchester United would snap up their services.
But am i missing something... why did they all need to lie about how much he was payed.. how much they are paying him... where the money was coming from.... reno or rte .... why need to try and cover it all up... like if it doesnt matter about how much he is payed what is the big drama about..
Very well spoken and presented.
You should consider being a presenter yourself. You might be better than Ryan!
Ya when I think of Messi or mbappe I think of Duffy and Tubridy 😂😂😂
I think Terry, while your points are valid. I do wonder apart from one of sponsors pulling out from Tubbs show, how does the revenue stream look, has it keeled over. IE was it him bringing in the money or was it RTEs vast transmission network via RTE 2RN that companies want access to, lets not forget RTE isn't some pirate operation its a vast media operation for the state, that alone is worth thousands to them in revenue regardless if Tubbs/Joe etc are on air.
Terry,
I have listened to you labour law podcasts for some time and found them very informative and easy to understand. Your latest on Tubridy is very disappointing. I have to smile when I read about the carry on of these so called RTE stars. The younger generation do not listen to or watch RTE so your flogging a dead horse there I'm afraid
Who decides who is an RTE star, as far as I'm concerned RTE does not have stars they have want to be over payed stars.
To summarise rte should either sink or swim on it's income of licence money only or if not it should be privatised along with TG4. There are over 1800 employees in RTE I love to know what exactly what each of them does every day? apart from keeping the canteens in montrose busy
Fair points. A large part of the problem is that RTÉ wear the guise of public service broadcasting when they want the license fee, but a commercial one when justifying salaries. So for instance it would be better for them to provide a breakdown of overall production cost of a show versus revenue generated, rather than just the presenters salary. This is of course commercially sensitive info, but could be managed via percentages. Instead we have faux gombeens on committees “just asking questions” without the full financial context. On the second point, that would only be justified if RTÉ was only a public service dependant on the public purse with no commercial capacity, like a lot of other state broadcasters, in Sweden or our nearest neighbours for instance.
It's a public service and as such it should be subject to standard government and EU rules for procurement of services. Who were the people interviewed with Richard Keelty. Do they expect to be earning less advertising revenue if his salary is the publicised 250,000 ???? Could they not have found a better candidate to generate greater revenue ?
RTE are also hemorrhaging viewers though. You can't deny that the younger generation in Ireland have little interest in watching RTE and it's the same with radio. People like Tubridy are considered past-tense by newer generations: they are NOT well liked, they are not watched en masse like Gay Byrne used to be. And if RTE continues to do what it has been doing, it'll be dead in the water in a decade. Instead of investing in solid value productions set in Ireland, RTE spend it on their biggest stars. It's short term gain for a long term loss. It shows they're not interested in investing in the newer generations and it will lead them to continue to lose viewers and TV licensees.
TnG manage to do amazing work on a fraction of the budget that RTE spends. Why is that?
Tubridy is the first to go and he should not be the last. Advertisers won't keep this company going, Terry. Only viewers will do that. Tubridy's viewers are all in an older generation, they're literally dying off.
RTE needs to start investing better before it dies too.
The point should be made that it's the shows themselves and the cudos and reach of RTE that's the primary factor in all this. RTE is still the largest broadcaster in the state with a long history and a broad and loyal support base, despite increased competition. How many other presenters could have generated the revenue that Tubridy did? Quite a few in my opinion. The culture of excessive payments to 'talent' has been an open wound in RTE for many years and the situation was allowed to develop unchecked because of a lack of oversight and governance. Backhurst himself is of this view and he's now committed to finally addressing the issue. He wouldn't be doing it if it wasn't necessary. The excuse that's been trotted out by previous administrations has been that we pay them these salaries or risk losing to them. Losing them to who? Who in the irish broadcasting landscape will pay him 500k a year. Nobody! How much is Matt Cooper being paid, or Ivan Yates? How much does Kenny earn now?The audiences and sponsors won't follow him. They'll remain with RTE as they always have. It's RTE who made Ryan Tubridy, not the other way around.
So why is it called "The Ryan Tubridy Show"? Or "The Claire Byrne Show"? Or the "Joe Duffy show"? "The Ray Darcy Show?" "The John Creedon show"?
We all know it is the personality that drives the show and the advertising euros. Those of us engaged in commercial activity, that is.
@terrygorry and why is it that the late late has remained popular irrespective of who's presenting it? Do you really think the figures will be appreciably different when Kielty takes over?
I enjoy all your videos Terry.. However, this is the first one I didn't like. Leave it at that...
Liked, shared, reposted. Great content.
I'm not a Tubridy fan though, I couldn't watch him for five minutes,, and the underhanded dealings were , in the end , bad for business. So I'd argue that he didn't ultimately deliver value for money.
Do you know the Banks are capped
All that loose talk of you Is only your opinion. Just because you tried to build Flats in Longford ..
Terry, your take on this is flat out wrong and shows a compete misunderstanding of the economics that you are accusing others of.
What Tubridy brings in in sponsorship is not solely down to Ryan Tubridy, it is MOSTLY down to being on RTE and the time slot he was in.
Brendan O'Connor gets 330k listeners, Pat Kenny gets 180k listeners. No one would suggest Brendan O'Connor is a more skilled broadcaster surely. It's the RTE factor.
The way to decide if Tubridy is worth his wages is to compare what his wages are and what sponsorship he brings to what an alternative presenter would cost in wages and would bring in in sponsorship.
Patrick Kielty, for example, will be a far better financial investment for RTE than Tubridy.
You should stick to the law.
No, you are completely wrong and you know nothing about finance, economics, similes, or syllogistic reasoning 😉
Without the local Gardai, the TV station wouldn't last 5 minutes. Without the ESB worker, it wouldn't even last 5 minutes. So should these workers be paid fortunes? Because without them, a show which raises 1 million in revenue, wouldn't make a cent without them. It is unfair that the front man is chosed to walk away with a sack of cash when it's a team effort.
Love your frankness. Keep up the good work.
350k ! Thats Insane money for a TV show presenter tbh .. RTE and the television licence should be done away with in fairness . . Who watches this show ? Even when you look at older footage of gay Byrne presenting the audience was full of old people. Most of these are probably dead now at this stage tbf 😂
If turbidy is worth more than 350000 let him go out on his own with news talk and social media it's a free capitalist society , why doesn't he start a podcast he can pay for the researchers, contacting guests and all the over heads with running a business if was bringing in 700000 in advertising I want more than 350000
Common Irish Begrudgey. It's no ones business what Tubridy's salary is.
It is your business, it's your money and your time and BTW if you are on minimum wage and can't pay the TV licence we will run you through the courts like the criminal you are. Nuff said Pal..!
It's the "Irish people's business" when the bulk of his "overpaid salary" is funded from tv license fee.
...it is when the taxpayer is footing it!