France Télévisions introduces first cost reduction measures
Pascale Paoli-Lebailly | 25-03-2013
On Friday France Télévisions' president Rémy Pflilmlin disclosed to his board the first cost reduction measures he wants to take so the group can achieve financial balance in 2015, according to an in-house document cited by AFP.
The measures will be implemented in the coming weeks and will lead to the renegotiations or breaking of many contracts related to programming and other spending, the document says.
France Télévisions aims to save €150 million between now and 2015. The 2013 budget has been agreed, showing a €42 million loss.
The measures have been disclosed while negotiations between FTV and the French Ministry of Communication regarding amending the pubcaster's contract of objectives and means, are still open.
The talks are aimed at redefining the goals of France 2, France 3, France 4, France 5 and France Ô, while the group faces a budget crunch this year.