Virgin Media TV records €6.1 million pre-tax loss

Virgin Media Ireland had 636 employees and a wage bill of €51.5 million, while directors were paid €2.4 million

Jedward with Deirdre O'Kane pictured at the Virgin Media Television New Season Launch 2021. Picture: Brian McEvoy

Virgin Media, which operates mobile and broadband services, as well as the Virgin Media One TV station, suffered a drop in television revenue last year but enjoyed better returns on its internet business.

Virgin Media Television Limited, which is behind the channel formerly known as TV3, saw its revenue fall from €60.8 million to €55.2 million.

It reduced its costs significantly during the year, with its operating costs down from €49 million to €43.1 million, ...