RTVE to receive €472m public aid
November 6, 2020
From David Del Valle in Madrid
Spain’s public broadcaster, RTVE, will receive a state subsidy of €472 million in 2021, up €100 million from this year with the TV group losing €51 million in 2020.
Since 2018, RTVE’s budget has increased by 2 per cent to €994 million with state subsidies growing by 38 per cent from €341 million in 2018 to €472 million.
The Spanish government estimates that RTVE’s revenues will reach €1.12 billion combining state subsidies, sponsorships, TV content sales and taxes from other broadcasters and telcos.