Welcome news for the leader of the Rats pack Geldof's media company reduces losses substantially

Ten Alps, the award-winning film, TV, digital and publishing business founded by Bob Geldof, substantially cut its losses in the first half of this year, although revenues continued to fall.

Bob Geldof: losses at his company Ten Alps have been halved this year. Picture: PA

Ten Alps, the award-winning film, TV, digital and publishing business founded by Bob Geldof, substantially cut its losses in the first half of this year, although revenues continued to fall.

Revenues fell by 12.7 per cent to £12.4 million with losses of £1.1 million, a significant reduction on losses of over £6 million for the same period last year.

Ten Alps owns several highly respected, awardwinning independent film and TV companies including Blakeway, ...