Following the launch of its new direction framework (see www.rte.ie/newdirection), the Government recently announced the provision of 40m in interim funding for RT in 2024, subject to the implementation of further reforms.
As outlined to the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media and New Era, RT 's overall running costs will rise in 2024 due to a number of special events and other inflationary pressures. Therefore, with a continued decline in sales of TV Licences and with commercial revenue projected to be broadly level year-on-year, RT must implement a range of cuts to planned expenditure. Initially, RT will implement a minimum of 10m in cuts to expenditure planned for 2024 in order to address immediate and significant financial challenges.
These cuts will include:
Cuts to and deferrals of content
An initial and limited Voluntary Exit Programme, to deliver a headcount reduction of 40. This will be funded by the 2017 land sale proceeds
Ongoing freeze on recruitment
Maintaining tight controls on discretionary spend
Postponement of a range of capital and strategic projects, including the postponement of a planned brand refresh, and the postponement of planned podcasting and short-form content units
RT has today confirmed the following reductions to planned content for 2024. The purpose of these deferrals is to help achieve a reduction in planned expenditure of a minimum of 10m, while simultaneously making available the production resources required to deliver the Olympic Games, the European Football Championships, local and European elections, and other special events.
These cuts and deferrals span a range of genres and will encompass both the production of in-house programmes and the timing of broadcast of some commissioned and co-produced content.
Fair City will reduce on air from four to three episodes a week from January 4 to allow for a pause in production in July and August. RT will continue to produce four episodes per week but will air three.
RT 's in-house Sunday evening summer factual programming will not be produced in 2024
RT will not produce an in-house Saturday evening entertainment show in the Spring of 2024
Production of a third season of The Money List will be deferred until 2025 (a second season, produced in 2023 will air in 2024)
The transmission of Young Offenders will be deferred until 2025
The budget for acquired programmes will be reduced in 2024
Additional savings will be delivered through production savings in News and Current Affairs and Sport
These cuts in production and postponements will contribute to overall savings of a minimum of 10m, and are part of an overall cost-management plan including an ongoing freeze on recruitment and the postponement of a range of capital and strategic projects.
Kevin Bakhurst, Director-General, says: 2024 will be a challenging year and one in which we will have to manage our cost base carefully. These deferrals of production and transmission, along with reduced production budgets, are hard choices. However, they will not only assist us in achieving the required savings, but allow for pro-active cost and resource management in the delivery of essential special events in 2024. With these temporary reductions and deferrals, we are seeking to maintain and preserve RT 's schedules and public service delivery as much as possible.
With the launch of the new direction outline plan, my hope, as I have said before, is that we will enter 2025 armed with a robust strategy that makes the best use of the monies available to fund our national media service, monies we will invest as wisely and strategically as possible to improve the invaluable contribution of public service media to life in Ireland.
Those monies, of course, depend upon a decision on the future sustainable funding of public service media in Ireland.
Europe Stories
04/09/2025
Monumental Sports & Entertainment (MSE), in collaboration with Dalet, has been a...
08/05/2025
As expected, continued weak demand from key sales markets and declining economic...
08/05/2025
A new three-part series is coming to BBC iPlayer and BBC One
(Image: The Christie Archive Trust)
The BBC has announced Agatha Christie's Endless Night, a...
08/05/2025
08 May 2025
VEON Shareholders Re-elect Board at 2025 AGM, Founder Augie Fabela ...
08/05/2025
Comedy and entertainment channel U&Dave bring back their #1 ranked programme of ...
08/05/2025
Expect even more chaos this July with Harriet Webb leading the returning cast, p...
08/05/2025
TenneT relies on Arvato Systems for market communication
Energy industry: Impressive market communication know-how and system integration expertise
G tersloh...
08/05/2025
When Taiki Hamamoto, 22, came across a Hanafuda deck at his local game shop, he was intrigued. He had grown up playing the traditional Japanese card game with f...
08/05/2025
The Liveline is now open , said Joe Duffy earlier today, as he previewed this af...
08/05/2025
RT , in association with the BBC, Screen Ireland and Cineflix Rights has reveale...
07/05/2025
Discovering music should feel effortless and fun. That's why Spotify continu...
07/05/2025
FOX Doubles Down on the Laughs Renewing Comedies Animal Control, Starring Joel M...
07/05/2025
07 May 2025
VEON's QazCode Signs MoU with Seekr to Develop AI-Powered Solut...
07/05/2025
UKTV has ordered a feature length documentary celebrating the life of Britain...
07/05/2025
Wednesday 7 May 2025
Shaun the Sheep fans are in for a baaaarilliant treat in 2...
07/05/2025
Rohde & Schwarz to highlight innovative broadcast technologies at CABSAT 2025 Rohde & Schwarz will showcase its latest energy-efficient transmitters and 5G Br...
07/05/2025
The Importance of Workflow Efficiencies in Post-Production Wednesday, 14 May
14:40
FilmLight sits down with Sam Lempp, head of business development for Nara, ...
07/05/2025
RT News is pleased to announce the appointment of RT journalist, Fergal O'Brien, as its new Business Correspondent.
In his new role, Fergal will be repor...
06/05/2025
In Colombia, music isn't just background noise-it's center stage. It'...
06/05/2025
En Colombia, la m sica no suena de fondo: es el centro del escenario. Es el cora...
06/05/2025
At Spotify, we always seek ways to connect users with their next favorite podcas...
06/05/2025
Since Spotify's 2019 launch in India, the growth of the country's local ...
06/05/2025
eds3_5_jq(document).ready(function($) { $(#eds_sliderM519).chameleonSlider_2_1({...
06/05/2025
Comscore Reports First Quarter 2025 ResultsRESTON, Va., May 6, 2025 Comscore, Inc. (Nasdaq: SCOR), a trusted partner for planning, transacting and evaluating ...
06/05/2025
Live from Studio 1 at 7pm, Tuesday May 6
Iconic trad-fusion group K LA will be ...
06/05/2025
Rohde & Schwarz hosts RF Testing Innovations Forum 2025, helping design engineer...
06/05/2025
LONDON, UK, May 6, 2025 /PRNewswire/ -- Today at the company s annual THINK event, IBM (NYSE: IBM) is unveiling new hybrid technologies that break down the long...
06/05/2025
Apple today introduced Tap to Pay on iPhone in Bulgaria, Finland, Hungary, Liechtenstein, Poland, Portugal, Slovakia, Slovenia, and Switzerland, enabling millio...
06/05/2025
Ahead of Pride Month, Apple is introducing a new Apple Watch Pride Edition Sport Band, watch face, and iPhone and iPad wallpaper to celebrate the strength and b...
06/05/2025
First episode airs this Friday at 8pm on RT One and RT Player with Doireann N Ghlac in presenting
Guests include Barry Murphy, Brooke Scullion, Bryan Dobso...
05/05/2025
As Europe gears up for the Eurovision Song Contest 2025, Spotify is celebrating the spirit of unity and musical legacy with a new series of Spotify Singles. Fiv...
05/05/2025
As part of the restructuring of its loss-making Carbon Fibers business unit, SGL Carbon has decided to close its production site in Lavradio (Portugal). Lavradi...
05/05/2025
Comscore Launches Certified Deal IDs in Magnite's SSP, Bringing Trusted Cont...
02/05/2025
Updated May 2: In a victory for consumers, artists, creators, and authors, Apple...
02/05/2025
Since 2022, Spotify and FC Barcelona have brought the worlds of music and footba...
02/05/2025
With more than 678 million users worldwide tuned in to Spotify, we're at the heart of music and culture. Our unrivaled global community of artists, songwrit...
02/05/2025
Data Communications Company has announced its partnership with IBM to modernise ...
02/05/2025
Comscore at the 20th Annual Needham Technology, Media, & Consumer Conference RESTON, Va., May 2 2025: Comscore (Nasdaq: SCOR), a trusted partner for planning, t...
02/05/2025
02 May 2025
VEON to release 1Q25 trading update on May 15, 2025 Dubai, May 2, 2025 - VEON Ltd. (NASDAQ: VEON), a global digital operator, today confirms that t...
02/05/2025
CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2025 second quarter ended March 29, 2025. The Company posted quarterly revenue of $...
02/05/2025
Well-known faces pushed to their limits in Uncharted with Ray Goggins...
01/05/2025
As Tanzania approaches a pivotal election year marked by both promise and concern over the impact of artificial intelligence (AI) on media, more than 300 journa...
01/05/2025
After four years of lectures, study sessions, exams, and parties, college senior...
01/05/2025
Prochazka knows the power of relationships, so it has always been important to him that ATEC Pro be renowned for more than just supplying great equipment. Becom...
01/05/2025
Munster and Connacht Football Finals onThe Sunday Game Live
Final two days of t...
01/05/2025
Voice actor and producer Mark Yoshimoto Nemcoff shares his first impressions of the DPA 2017 Shotgun Microphone, from real-world auditions to side-by-side compa...
01/05/2025
With my previous console, Freeman recalls, I always had to run a Waves server for EQ and compression, but when I switched to DiGiCo, I found it was such an op...
01/05/2025
Stream all episodes ofLook Who's Hangry from April 29
An RT Player Original in partnership with Heinz...
01/05/2025
Here is your host, Patrick Kielty!
T naiste, Minister for Foreign Affairs and T...
Following the launch of its new direction framework (see www.rte.ie/newdirection), the Government recently announced the provision of 40m in interim funding for RT in 2024, subject to the implementation of further reforms.
