The Polish public broadcaster TVP lost PLN180 million (€42.5 million) and viewing share in 2016.
Furthermore, according to Wirtualne Media, it still increased staff numbers despite voluntary redundancies.
Wirtualmne Media adds that a report on TVP’s performance has been passed to its supervisory board and the National Media Council (RMN) and will be officially announced by the latter in a week’s time.
TVP has already told the National Broadcasting Council that it earned PLN872 million from advertising in 2016, or 5.4% less than in the previous year, while its income from receiver licence fees was 9.6% lower at PLN365.5 million.
Meanwhile, the combined audience share of TVP’s channels in 2016 was 29%, compared to 32.1% a year earlier.
As previously reported by Broadband TV News, TVP aims to secure PLN800 million in credit over the next six years.
It also expects its financial position to improve following amendments to the law on receiver licence fees.