In its 2023 annual report, RTÉ revealed a €9.1 million loss, reports Breaking News.
It chronicles the difficult year the national broadcaster had, marked by close scrutiny following a string of financial and governance crises.
The drop in TV licence income, the rise in running expenses, and the coverage of special events like the World Cup and US President Joe Biden’s visit have all been blamed for the growth in the deficit, reports Breaking News.
The RTÉ board chairman, Terence O’Rourke, stated that the panel’s work is centred on organisational transformation, which is “well under way.”
“With the support of the multi-annual funding commitment announced by Government in July, RTÉ is moving forward with an ambitious new five-year strategy. The board is dedicated to ensuring that this work is underpinned by the highest standards of corporate governance and transparency,” reports Breaking News.
According to RTÉ director-general Kevin Bakhurst, 2023 was a challenging year for everyone at the organisation as well as the viewers who put their faith in the broadcaster.
“In response, through wide-ranging and significant reforms, I, along with my leadership team and the board of RTÉ, have faced the key issues head on and been committed to delivering the transformation RTÉ needs to rebuild trust and restore confidence, both internally and externally,” he said, reports Breaking News.
“Through an unprecedented reform agenda, we have delivered greater transparency, rigour in our decision-making and more financial discipline, while focusing on the future and fulfilling our ambition for RTÉ. We are grateful to all those who have paid their TV licence during this period,” reports Breaking News.
He added: “While we remain committed to addressing key issues, through the delivery of our five-year strategy, we are excited about what the future can be for RTÉ,” reports Breaking News.
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