Cost reductions see RT return lower net deficit of 6.4m
26/06/2018
COST REDUCTIONS SEE RT RETURN LOWER NET DEFICIT (BEFORE EXCEPTIONAL ITEMS) OF 6.4M. EXCEPTIONAL LAND SALE GAIN AND RESTRUCTURING GIVES RISE TO NET SURPLUS OF 42.1M
See http://www.rte.ie/annualreport for full the report.
RT is today releasing its Annual Report and Group Consolidated Financial Statements for the Year Ended 31st December 2017.
With overall 2017 revenues at the same level as 2016, but assisted through reduced operating costs, RT returned a lower operating Net Deficit, before exceptional items and tax, of 6.4m in 2017 (2016 Net Deficit before tax of 19.4 million).
There were a number of exceptional items for the organisation in 2017. RT recorded an overall Net Surplus for the year of 42.1 million (2016 Net Deficit of 19.7 million), including a net gain after tax of 78.5 million from the sale of part of the Donnybrook site, less sales-enabling project costs, and after a restructuring charge of 29.6 million.
The Annual Report also highlights RT 's many achievements in 2017, including:
RT One and RT 2 delivered all of the top 20 most-watched programmes in Ireland
More than 1,300,000 viewers tuned into the The Late Late Toy Show
RT News kept the nation informed with live transmissions throughout Storm Ophelia
RT Investigates produced a number of high-impact programmes on those living on hospital waiting lists, and those stuck in substandard rental accommodation
RT Player delivered 51.5million streams, up 2% on 2016
RT launched a dedicated Irish-language website, www.rte.ie/gaeilge
Over 1,000,000 people tuned into RT Radio 1 each week
The RT Concert Orchestra and 2fm presented seven sell-out dance music concerts
RT Archives attracted a record number of online visitors, with 3.1 million compared to 1.9 million in 2016.
Dee Forbes, Director-General RT , said: "RT experienced a year of very significant change in 2017. It was the beginning of a period of transformation that will run over the next few years. Against a difficult financial backdrop, RT introduced a radically new organisational structure; reduced the size of its workforce; developed a new five-year strategy (2018-2022); and managed the sale of more than 8 acres of land at its Donnybrook site all while continuing to deliver a breadth of compelling programming and content for audiences every day".
She added: "If RT is to return to a sustainable financial footing, meaningful Government action on reforming the licence fee system is essential. The current system is losing more than 50 million every year. Not only is this unfair on the majority that pay their TV Licence fee, it is also limiting the potential of the whole independent production sector. Without action there will be far-reaching consequences for our journalism, for national cultural and creative expression, and for employment in the broader media sector."
Moya Doherty, Chair of the RT Board, commented: "RT is re-imagining itself for the 21st century and will continue to build for the future through appropriate collaboration and partnerships. The development of the independent production sector and the creation of relevant content reflecting the changing needs and aspirations of the Irish nation are equally important ambitions for the organisation. Working with key stakeholders to develop a sustainable funding model for public media in these dynamic times remains the central challenge for this re-imagined RT ."
See http://www.rte.ie/annualreport for more and to download the full report.
LAGHD AR CHOSTAIS AN CH IS LE GLAN-EASNAMH N OS SLE 6.4M A BHEITH THUAIRISCI AG RT ROIMH MH REANNA EISCEACHT LA (LAGHD 13M AR GHAN-EASNAMH 2016)
GLAN-BHARRACHAS 42.1M MAR THORADH AR GHN THACHAN EISCEACHT IL
THALAMH A DH OL AGUS AR ATHSTRUCHT R
F ach http://www.rte.ie/annualreport don tuarasc il ioml n.
D anfaidh RT Tuarasc il Bhliant il agus R itis Airgeadais Chomhdhl ite an Ghr pa don bhliain dar cr och an 31 Nollaig 2017 a eisi int inniu.
C go raibh an teacht isteach forioml n don bhliain 2017 ar chomhch im le 2016 bh laghd ar chostais oibri ch in agus thuairisc RT Glan-Easnamh oibri ch n n os sle de 6.4m in 2017 roimh mh reanna eisceacht la agus c in (Glan-easnamh roimh ch in 19.4 million sa bhliain 2016).
Thuairiscigh an eagra ocht roinnt m reanna eisceacht la in 2017. Thaifead RT Glan-Bharrachas 42.1 milli n ar an ioml n i ndiaidh c nach don bhliain (Glan-Easnamh 19.7 milli n in 2016), lena n- ir tear glan-ghn thachan 78.5 milli n i ndiaidh c nach shu omh Dhomhnach Broc a dh ol l ide costais tionscadail a chumas dh d olach n agus i ndiaidh muirear athstrucht raithe 29.6 milli n.
L ir tear freisin sa Tuarasc il Bhliant il go leor de bhuaicphoint RT sa bhliain 2017, ina measc:
Ar RTE One agus RTE 2 a bhi gach ceann den 20 cla r is mo a raibh lucht f achana acu in irinn.
D fh ach n os m n 1,300,000 duine ar The Late Late Toy Show
Choinnigh Nuacht RT an t r ar an eolas le linn Stoirm Ophelia tr thuairisc beo
D eisigh RT Investigates roinnt cl r m rthionchair faoi dhaoine a bh ar liosta feithimh ospid al, agus f thusan a bh siar le c ir ocht c osa a bh faoi bhun an chaighde in.
Cheangail an RT Player n os m n 51.5 milli n sruth, ard 2% i gcompar id leis an mbliain 2016.
T su omh gr as in at tiomanta don Ghaeilge seolta ag RT , www.rte.ie/gaeilge
D ist os cionn 1,000,000 duine le RT Radio 1 gach seachtain
Chuir Ceolfhoireann Coirme RT agus 2fm seacht gceolchoirm, nach raibh tic ad lena n-aghaidh gan d ol, i l thair, le sraith ceoil damhsa
Mheall Cartlann RT n os m cuairteoir ar l ne n riamh, le 3.1 milli n cuairt ar an su omh i gcom rtas le 1.9 milli n sa bhliain 2016.
D irt Dee Forbes, Pr omh-Sti rth ir RT : "Bhain athruithe m ra do RT le linn na bliana 2017.N limid ach i dt s tr imhse mh r athraithe
LINK: | https://www.rte.ie/about/en/press-office/press-releases/2018/0626/9733... |
See more stories from rte |
Most recent headlines
04/08/2024
Dalet Appoints Santiago Solanas as CEO to Lead Next Era of Growth and Innovation
Dalet, a leading technology and service provider for media-rich organizations, is excited to announce Santiago Solanas as its new Chief Executive Officer (CEO)....
03/06/2024
Dalet and Veritone Reach Agreement to Distribute, Transact and Monetize Media Archives
Dalet, a leading technology and service provider for media-rich organizations, a...
18/05/2024
If Bundling Is Back, What's the Ideal Bundle?
PORTSMOUTH, N.H. Bundling is back in a big way, with all the major streaming companies and many pay TV operators exploring ways to simplify the consumer experie...
18/05/2024
FCC to Vote on LPTV Rules during June Open Meeting
WASHINGTON, D.C. Federal Communications Commission Chairwoman Jessica Rosenworcel has announced a tentative agenda for the June Open Commission Meeting schedule...
18/05/2024
Matthews Launches New Multipurpose Grip Rail Telescopic Grid Pipe Solution
Matthews Studio Equipment has introduced Grip Rail, which the company said offers a better way to mount equipment on location, in the studio, or on the fly....
18/05/2024
IAB Tech Labs, Google Partner on New First Party Data Solution
In a notable development in the industry-wide effort to address privacy concerns while improving efficacy of marketing efforts in a cookieless ad landscape, IAB...
18/05/2024
TV Tech Weekly Product Wrap-Up
Missed any of our product coverage during your busy week? The TV Tech weekly product and services news wrap-up provides links to all of our coverage from May 13...
18/05/2024
DHD Elevates the Art of Podcast Production
DHD Elevates the Art of Podcast Production Brie Clayton May 17, 2024 0 Comments Hero image: the DHD DX2 base and expansion modules Latest-generation ...
17/05/2024
Aerojet Rocketdyne's Camden Site Leverages Modernization Investments to Accelerate Solid Rocket Motor Production
Aerojet Rocketdyne has worked to modernize facilities at its Camden, Arkansas, l...
17/05/2024
FCC Plans to Revise LPTV Rules
The FCC has issued a Notice of Proposed Rulemaking (NPRM) that would revise rules governing low power TV stations (LPTV) in a number of areas, including online ...
17/05/2024
Demystifying Post-Production: Introducing Cinema 4D Particles Week 4
Demystifying Post-Production: Introducing Cinema 4D Particles Week 4 Brie Clayton May 17, 2024 0 Comments With the spring release of Maxon One, we...
17/05/2024
Takashi Yamazaki Film Godzilla Minus One Graded with DaVinci Resolve Studio
Takashi Yamazaki Film Godzilla Minus One Graded with DaVinci Resolve Studio Brie Clayton May 17, 2024 0 Comments Hero image credit: 2023 TOHO CO., LT...
17/05/2024
Sterling Event Group Streamlines Live Event Productions with AJA
Sterling Event Group Streamlines Live Event Productions with AJA Brie Clayton May 17, 2024 0 Comments Live event productions only happen once, which ...
17/05/2024
Meet the product manager
Muster Ngobi, product manager at LYNX Technik tells TVBEurope how the ever-evolving media industry provides a truly dynamic working environment By Matthew Corr...
17/05/2024
TV, Streaming Schedule for 2024 NFL Regular Season Is Released
NEW YORK As declines in linear TV viewing make the ongoing popularity of live sports, particularly football, central to financial success of the TV industry, th...
17/05/2024
Netflix Ad Tier Hits 40M Monthly Active Users
During Netflixs second Upfront presentation to advertisers, Amy Reinhard, Netflix's president of advertising, walked advertisers through the continued growt...
17/05/2024
Scripps Promotes Jeff Kiernan to VP, Local News
CINCINNATI The E.W. Scripps Company has added to its leadership team for news by promoting Jeff Kiernan a veteran journalist and general manager of Scripps'...
17/05/2024
Survey: New Disney-Fox-WBD Sports Streamer May Hurt Pay TV Sub Counts
Top executives from Disney, Fox and Warner Bros. Discovery have consistently insisted that their joint venture to launch the Venu Sports streaming bundle in the...
17/05/2024
Caitlin Clark's WNBA Debut Set Viewing Records
ESPN has announced that its coverage of Caitlin Clark's WNBA debut in the Indiana Fever versus the Connecticut Sun season opener was the most-watched WNBA g...
17/05/2024
ATEM Mini Extreme ISO switcher and Blackmagic Pocket Cinema Camera 4K
ATEM Mini Extreme ISO switcher and Blackmagic Pocket Cinema Camera 4K Brie Clayton May 16, 2024 0 Comments Blackmagic Design announced today that Yoic...
17/05/2024
Pixomondo's Virtual Production Academy Expands with Programs at Sony PCL, Vook, and Vancouver Film School
Pixomondo's Virtual Production Academy Expands with Programs at Sony PCL, Vo...
17/05/2024
WBD Upfront Show Offers Peeks at House of the Dragon,' White Lotus,' Biden-Trump Debate
The Warner Bros. Discovery upfront presentation took place Wednesday, May 15 at ...
17/05/2024
The Black Keys, Jelly Roll, Kate Hudson Set To Perform on The Voice' Finale
Season 25 of The Voice wraps on NBC Tuesday, May 21, with performances from The Black Keys, Jelly Roll, Kate Hudson, Lainey Wilson, Muni Long, Thomas Rhett and ...
17/05/2024
CNN Boss Mark Thompson's Plan Includes More News in More Categories on More Devices (Upfronts)
New CNN CEO Mark Thompson spelled out his plan for the struggling news network d...
17/05/2024
Netflix To Launch In-House Advertising Tech Platform
Netflix, a newcomer to the advertising business, said it plans to launch an in-house advertising technology platform....
17/05/2024
Netflix Plots TV Takeover at Upfront Presentation
Netflix shared some programming projects at an upfront presentation in New York. Those include the basketball-themed comedy series Running Point, a Mindy Kaling...
17/05/2024
Plex Geek Week Sale Offers 20% Off Plex Lifetime Pass
Plex is offering movie and music collectors a 20% discount off its Lifetime Plex Pass as part of its Geek Week sale....
17/05/2024
GroupM Names Toby Jenner as President, GroupM Clients
Giant media buyer GroupM said it named Toby Jenner as global president, Group M Clients, a new position at the company....
17/05/2024
Clients of Independent Agencies Boost Programmatic Buying
Smaller advertisers are increasingly buying connected TV programmatically, according to a new report from FreeWheel, Comcast's ad-tech unit....
17/05/2024
TCLtvPlus Adds Streaming Music Channels From Vevo
TCLtvPlus, the streaming app on smart TVs made by TCL, has added live linear channel from music-video programmer Vevo....
17/05/2024
StackAdapt Adopts Data From Samba TV for Programmatic Campaigns
StackAdapt said it made a deal to integrate data from Samba TV into its programmatic advertising platform....
17/05/2024
Tonight on House of Zwide: Dorothy is blown away by Ona's sketches for her wedding dress
Tonight on House of Zwide: Dorothy is blown away by Ona's sketches for her w...
17/05/2024
Tonight on Scandal: Dintle has a visit from her past that leaves her very unsettled
Tonight on Scandal: Dintle has a visit from her past that leaves her very unsett...
17/05/2024
Save Time and Money with WO Traffic v24.0
WO Traffic provides a solid foundation from which stations can manage, execute, and scale end-to-end ad trafficking and sales, both today and into the future. W...
17/05/2024
Broadcast Innovation in India: How AI and Automated Production Helps Smaller Sports Grow
Broadcast Innovation in India: How AI and Automated Production Helps Smaller Spo...
17/05/2024
SVG Sports Cloud Production Forum Gives Refresher Course on Cloud-Based Tools, Ecosystem
SVG Sports Cloud Production Forum Gives Refresher Course on Cloud-Based Tools, E...
17/05/2024
WNBA Tip-Off 2024: Scripps Sports Constructs New Studio for Second Season of WNBA Friday Night Spotlight on ION
WNBA Tip-Off 2024: Scripps Sports Constructs New Studio for Second Season of WNB...
17/05/2024
SVG College Summit 2024: Auburn's War Eagle Productions Breaks Down How They Produce Live Gymnastics Broadcasts
SVG College Summit 2024: Auburn's War Eagle Productions Breaks Down How They...
17/05/2024
Netflix & Shondaland Announce the Song List and Soundtrack for 'Bridgerton' Season 3: Part 1
Back to All News Netflix & Shondaland Announce the Song List and Soundtrack for...
17/05/2024
Skeem Saam: Thursday's episode, 16 May 2024 [video]
Skeem Saam: Thursday's episode, 16 May 2024 [video]Missed an episode of Skeem Saam? No problem! Watch the latest episode of your favourite South African soa...
17/05/2024
Prison Journalism: Letter to my mothers
Prison Journalism: Letter to my mothersThabo Mthembu was incarcerated in Pollsmoor Prison from 2014 to 2019. Read Thabo's story by Thabo Mthembu 17-05-20...
17/05/2024
Paul McCartney becomes UK's first billionaire musician
Paul McCartney becomes UK's first billionaire musicianMusic icon Paul McCartney has become the UK's first billionaire musician, according to the Sunday ...
17/05/2024
Tonight on Smoke and Mirrors: Sakhile advises Tiny against sabotaging Petunia
Tonight on Smoke and Mirrors: Sakhile advises Tiny against sabotaging PetuniaDon't miss Friday, 17 May's riveting episode of South African soapie Smoke ...
17/05/2024
RT'S Operation Transformation comes to a close after 17 seasons
RT has today announced that Operation Transformation (OT) is to end after 17 seasons. As series come to an end each year, RT undertakes an editorial review to...
17/05/2024
Studio One: Your Binaural Beats Lab
By Craig Anderton When I heard about binaural beats, I was interested-I like beats, and I'm into binaural audio. But this has nothing to do with either o...
17/05/2024
May 16, 2024
Scripps Research chemist Donna Blackmond elected to the Royal Society of the U.K. Blackmond's wide-ranging work has shaped origin of life theories, our unde...
16/05/2024
Power Provokes Vital Questions About the Role of Police
PARK CITY, UTAH - JANUARY 18: Director Yance Ford introduces the Power premiere at Library Center Theatre. (Photo by Chad Salvador/Shutterstock for Sundance F...
16/05/2024
Mental Health Matters: Embrace Self-Care With These Audiobook and Podcast Listens
May is Mental Health Awareness month, a time to recognize those living with ment...
16/05/2024
ABC and SBS bring digital radio (DAB+) services to the Gold Coast
ABC and SBS bring digital radio (DAB ) services to the Gold Coast 15 May, 2024 Media releases ABC and SBS today announced that audiences on the Gold Coast ...
16/05/2024
Clear-Com Communication Solutions Enhance Oregon State University's PRAx Building
eds3_5_jq(document).ready(function($) { $(#eds_sliderM519).chameleonSlider_2_1({...