Spain’s public service television and radio has announced in a press release that its financial situation has improved. The group ended the year with a positive result of €2 million. Its revenues totalled €976 million, while its expenditures were at €974 million, 2.7% less than the budget.
“By making the company’s various activities more efficient, we have been able to improve the services offered,” RTVE said in the press release. With an audience share of 10.5%, the corporation’s generalist channel, La Uno,achieved its best annual ratings since 2012, helped, in part, by the success of two programmes: Operacion Triunfo and Masterchef.
RTVE also says it is counting on sports and entertainment programmes, increasing the amount spent on buying the rights for these types of content.
The company is also pleased with the work it has done in broadcasting innovation. In particular, it emphasized its role as a producer of digital content is making it a leader in the Spanish broadcasting landscape. €47.7 million was invested in 2018 to “increase and modernize production capacity and strengthen RTVE’s digital innovation strategy.”
Sources: http://www.rtve.es/,https://ecodiario.eleconomista.es/
