RTÉ release annual report showing deficit of €7.2m for 2019

Thursday, January 14
Newsdesk


RTÉ have released their latest annual accounts today, reporting a net deficit of €7.2m for year ending 2019.

Total operating costs for the broadcaster was €337.8 million.

Total revenue was €342.1m which includes licence fee income of €196.3 million.

"Despite some truly great achievements highlighted in our annual report, RTÉ cannot run deficits indefinitely", the Chair of the RTÉ board Moya Doherty said.

"The current funding model is broken, and RTÉ will face a material uncertainty about its capacity to provide the same level of services in the medium term if it is not resolved quickly and definitively," Ms Doherty said. 

"That is why the Future Media Commission is so important and RTÉ is fully engaged with the process," she added.

The full report can be viewed here: http://www.rte.ie/annualreport