RTVE to receive €472m public aid
November 6, 2020
From David Del Valle in Madrid
Spain’s public broadcaster, RTVE, will receive a state subsidy of €472 million in 2021, up €100 million from this year with the TV group losing €51 million in 2020.
Since 2018, RTVE’s budget has increased by 2 per cent to €994 million with state subsidies growing by 38 per cent from €341 million in 2018 to €472 million.
The Spanish government estimates that RTVE’s revenues will reach €1.12 billion combining state subsidies, sponsorships, TV content sales and taxes from other broadcasters and telcos.
Other posts by :
- Bank: “Charter racing to the bottom”
- SpaceX IPO in June?
- Russia postpones Starlink rival
- Viasat taps Ex-Im Bank to finance satellite
- Bank: TeraWave not a direct threat to AST SpaceMobile
- SpaceX lines up banks for IPO
- SES to FCC: “Don’t auction more than 160 MHz of C-band”
- Morgan Stanley downgrades Iridium