Wednesday, November 12, 2014

Public radio and television are struggling to survive – Interia

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TV tower on top of Montjuic in Barcelona / © 123RF / Picsel

To be able to make it to the end of the year they need 130 million euros. According to experts, one of the causes of the current financial situation, was the resignation of five years ago from broadcasting public radio and television ads.

Every year, public utilities receive from the state budget billion. Since in 2009, ceased to issue advertising, radio and television profits amount to 850 million. No plans have helped cure establishments and employment reductions. Its debt exceeds 700 million euros.

For the first time television stood on the brink of bankruptcy in the summer, but with the help of the government came and gave a loan. Now once again in danger of insolvency.

facility management exhibited for sale Buñuel’s famous studies, however, offered for no amount is not enough to last until January.

Plan developed by the Board of Profitability and Performance radio and television offered a reduction of 1/5 of the number of managerial positions and increase profits.

It is possible that once again will be broadcast advertising. At one year money has been made half a billion euros.

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Source of information:  IAR

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