Government Announces Bailout For RTÉ
The Government has agreed to a bailout worth €56 million for RTÉ - reliant on the broadcaster implementing reforms.
Initially, there will be €16 million given to RTÉ in the coming weeks.
While next year there will be a further €40 million.
The broadcaster will publish its 'strategic vision' later which is expected to include around 400 voluntary redundancies.
Media Minister Catherine Martin has said, "RTÉ’s new Strategic Vision demonstrates a renewed commitment to public service broadcasting, and addresses key areas such as governance reforms and cost efficiencies.
"This is vital as RTÉ seeks to rebuild the trust and confidence of the Irish public.
"I am acutely aware, however, of how difficult and challenging this is for the organisation, and particularly for its staff.
"That is why the DG’s consultation with staff is of paramount importance.
“Allied with measures introduced already, this Strategic Vision for RTÉ enables us to move forward with a decision to confirm the additional funding of €40m for the organisation, as recommended by NewERA.
"This is in addition to the €16m in interim funding recommended by the Future of Media Commission, which was also agreed.”
