TVE to close FTA sports channel
Juan Fernandez Gonzalez | 01 July 2014
TVE is to close one of its four free-to-air (FTA) channels, Teledeporte, as a part of a plan to balance the public station's accounts, which are affected by a huge debt.
The company announced the plan immediately after receiving an input of €130 million from the Spanish Government in order to compensate this year's fall in revenue.
Teledeporte will leave DTT and become an online streaming channel, as has been done with other European public networks. A part of the channel's programming will be integrated into La 2, TVE's second channel, which traditionally broadcasted sports programmes before Teledeporte was created.
Money-saving strategies have been implemented at TVE in recent years, but currently its expenditure are still higher than its income, which comes from the public budget and a special tax on the telcos. Compared to 2011, TVE managed to reduce its expenditure by €216 million by the end of 2013, but its income fell by more than €300 million.
A further fall in income is expected this year, making TVE's financial situation complicated.
Although the debate about the channel's financial system once again seems open to discussion, the immediate solution is to reduce expenses. Fewer trips to cover international events and selling a part of the corporation buildings, as well as reducing new staff hiring by 5%, are some of the other measures adopted by the public company