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RTVE finalising plan to save EUR 50 mln a year

Thursday 10 July 2014 | 10:41 CET | News
Spain's state broadcaster RTVE is to launch another cost-cutting plan to save around EUR 49.8 million a year, reports El Economista. The plan envisages a further 500 job cuts and includes the closure of the Teledeporte sports channel before January 2015. The plan, which is to be approved by RTVE's board at the end of July, also includes a EUR 28 million reduction in wages. Spain's finance minister Cristobal Montoro said that the goal was to "rectify a poorly designed, financed and managed RTVE." The government was also studying changes in the taxes that telecoms operators pay to fund RTVE,

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Categories: Broadcast & Satellite
Companies: RTVE
Countries: Spain
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