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RTÉ avails of wage subsidy scheme as pandemic hits revenue streams

Dee Forbes Ireland business RTE
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RTÉ has confirmed that it is to avail of the Government's Temporary Wage Subsidy Scheme due to the severe impact on both commercial and TV Licence revenue caused by the Covid-19 pandemic.

In a bulletin to staff, Director-General Dee Forbes forecasts that revenue from both sources could collapse by 25-35% this year.

Ms Forbes outlined various changes in operations to ensure continuity of key services, and said there have been large increases in audiences across every demographic since the pandemic began.

While the broadcaster is doing everything it can to minimise the impact of the pandemic, Ms Forbes said there has been a sharp reduction in advertising spend particularly on television, and that the outlook for the remainder of the year

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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