Cost reductions see RT return lower net deficit of 6.4m

Cost reductions see RT return lower net deficit of 6.4m

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...
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