Woah… what?! RTÉ is looking at €20 MILLION in losses this year alone

According to a new report, RTÉ could be facing a MASSIVE loss this year.

The station is facing up to €20 million in losses due to lower advertising deals brought on by the Brexit vote.

 

A photo posted by RTÉ One (@rteone) on Aug 23, 2016 at 2:08pm PDT

The Irish Independent states that RTÉ bosses are gearing up staff by preparing them for cuts and even a few redundancies.

A spokesperson for the national broadcaster said: “Growing licence fee evasion levels and declines in public funding over a five- year period, along with Brexit, mean that 2016 has been an extraordinarily challenging year for RTÉ.

 

A photo posted by RTÉ One (@rteone) on Sep 2, 2016 at 1:11pm PDT

“While RTÉ continues to maintain an acute focus on cost management, the funding of public service media, and in turn investment levels in the independent production sector, remain critical issues."