RTÉ has reported a net deficit of €7.2m in 2019, according to the annual report for that pre-Covid year released today.
Via RTÉ (to be said in the voice of Fergal Bowers):
The broadcaster said there was a decline in commercial revenue in 2019 of €4.2m due to Brexit uncertainty and changes in media consumption habits.
Operating costs, including the costs of special events, were reduced by €2m while there was an increase in total revenue of €342.1m.
Licence fee income increased by a net €7.2m to €196.3m due to the €8.9m increase in public funding in Budget 2019 .
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,”