18 Aug, 2016 @ 14:26
1 min read

Spain’s public broadcaster in financial trouble

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SPAIN BROADCASTERSTATE broadcaster RTVE is ‘out of money’ and ‘out of ideas’, according to a new report.

SEPI, the state body run by the Economy Ministry that controls 95% of the broadcaster, says it has failed to adapt to the changing habits of viewers or the demands of the digital age.

Its financial results speak volumes, as rivals Mediaset and Atresmedia reported profits of €166 million and €99 million respectively last year, RTVE lost €37 million.

The report says it is in urgent need of a strategic plan for the future if it is to meet the internal and external challenges it faces.

Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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