Turnaround at Irish broadcaster

Irish broadcaster RTE has made a profit of more than €9 million in a 2005 result which represented a 30 per cent increase on the previous year.

Strong advertising revenue and higher television ratings have mainly contributed to the successful out-turn.

The figure is in sharp contrast to the station’s financial position of four or five years ago, when the national broadcaster struggled to turn a profit and was forced to instigate a major redundancy programme.

In spite of the increase in the number of television stations in 2005, RTE One was able to retain its national market share at 27.8 per cent. Its second channel, rebranded as RTE 2, lost a small amount of market share.

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