The Swiss Broadcasting Corporation (SBC) has reported a deficit of SFr12.3 million ($13.7 million) for 2010, well below its forecast deficit of SFr74.5 million.
This content was published on
1 minute
swissinfo.ch and agencies
The SBC, swissinfo’s parent company, said the better result was due to savings and efficiency measures, as well as more commercial revenue.
Working in its favour were higher spending on advertising, cuts to IT and distribution costs, and the end of adjustments to the pension fund.
The SBC said, however, that as the economic situation was still uncertain, the margin for financial flexibility would remain narrow as more investment in technology and infrastructure was needed.
Barring any surprises, it expects to end 2011 in the black.
The result was a SFr34.4 million improvement on 2009’s deficit of SFr46.7 million.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Public broadcaster runs up increasing deficits
This content was published on
At a news conference in Bern, the SBC described its financial situation as “critical” because of structural deficits. It added that a government decision on finances for the period 2011-2014 would be crucial. The corporation, which has a public service mandate, said that this year’s loss would climb to SFr75 million because of two major…
This content was published on
The Swiss Broadcasting Corporation (SBC) said the gradual merging of support services would help the organisation cut annual costs by ten per cent. The SBC, the parent company of swissinfo, posted a deficit of SFr79 million ($69.3 million) for 2008. The SBC’s chairman, Jean-Bernard Münch, said the money saved through the restructuring of the organisation…
This content was published on
After 77 years and seven months in operation, the medium wave transmitter – for many Swiss a household name – is shutting down. But its programme of Swiss country music lives on – on DAB, satellite, cable and the internet.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.