Profits down 36% at RTÉ’s commercial arm as Covid hits revenue
RTÉ Commercial Enterprises reports profit of €5.41 million for 2020, down from €8.51 million the previous year
Profits at RTÉ’s commercial arm fell by 36 per cent last year after the pandemic caused a “severe decline” in revenues at the unit.
RTÉ Commercial Enterprises Designated Activity Company, which monetises the broadcaster’s RTÉ Guide as well as certain licensing aspects of the online Player, said revenues fell 14.6 per cent in 2020, down to €15.1 million from €17.7 million the previous year.
“Clearly the main reason for...
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