Radio Liechtenstein posts small profit
The public broadcaster Radio Liechtenstein closed out 2008 with revenue of 3.4 million francs and a profit of 33,000 francs. For the current year, the station expects advertising revenue to decline by up to ten percent.
The state broadcaster Radio Liechtenstein closed 2008 with a profit of 33,000 francs on revenues of 3.4 million francs. The Principality subsidized the station with 1.5 million francs. Although the economic crisis had a negative impact on the advertising market in the second half of the year, 85,000 francs more than budgeted was received, the radio station announced on Wednesday. In the current year, the station expects advertising income to fall by 8 to 10 percent. Expenditure is therefore to be reduced by CHF 150,000 compared to the budget.
