SRG must make savings. The Board of Directors has decided on a savings package for 2010 that should reduce the annual accounts by an average of CHF 30 million by 2014. The package includes a pay freeze for staff next year, with salaries to be frozen at the end of 2009. The package also includes an investment freeze and the sale of properties.
In principle, jobs are not affected, and SRG does not intend to change its program offering for the time being. A fee increase is not planned for 2010.
Federal Council decisions required
However, the savings package presented is not enough to balance SRG's finances. Further measures amounting to an average of CHF 40 million per year are needed. To achieve this, an increase in fees is not the only option, the SRG wrote. More advertising revenue could also be generated. The SRG cited liberalization of online advertising or interruption advertising as examples. However, the Federal Council would have to decide on this.
SRG could also be compensated for services that are financed or compensated for by the state in other countries. In this context, she cited as examples the losses caused by waived fees, services for the visually and hearing impaired and the international mandate. Here too, the decision lies with the Federal Council. The SRG Board of Directors took note of the cuts to the program offering. As all SRG channels are licensed, the reduction in services would also have to be approved by the Federal Council.
SRG threatened with high debt
Without countermeasures, SRG's debt would rise to CHF 790 million by 2014. In 2008, debt amounted to CHF 200 million. At the same time, SRG's equity ratio would fall from the current 45% to 12%. The strategically defined limit is 40 percent. Speaking to the media in Bern on Tuesday, Chairman of the Board of Directors Jean-Bernard Münch described SRG's financial situation as worrying.
The media convergence project will be financed independently of the cost-cutting measures from seven synergy projects. Convergence is a prerequisite for securing the future of SRG, the statement continued. However, it is not directly related to the austerity package.
Reactions from the Federal Council
The Department of the Environment, Energy, Transport and Communications (DETEC) welcomes the fact that the SRG is initially focusing on cost-cutting measures that will not have any drastic consequences for its programs. Should the SRG wish to relinquish its involvement in 3sat and TV5, it would require the approval of the entire Federal Council, the DETEC states in a statement. For the head of the department, Moritz Leuenberger, however, an exit is currently out of the question.