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RTVE president resigns over funding row

Friday 26 September 2014 | 08:53 CET | News
The president of Spain's public broadcasting company RTVE, Leopoldo Gonzalez-Echenique, has resigned after a funding row with the government, who he accused of going back on its word. Gonzalez-Echenique had requested a minimum of EUR 130 million in state funds to keep the entity going under its current structure, but the government's failure to put up the money means that the future of RTVE has now been called into question. The broadcaster has accumulated losses of EUR 716 million and in July announced a further 500 job cuts as well as the closure of the Teledeporte sports channel before

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Categories: Broadcast & Satellite
Companies: RTVE
Countries: Spain
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