Radio Liechtenstein is in the red
Radio Liechtenstein reported a loss of 958,000 francs for the 2005 fiscal year.
Radio Liechtenstein posted a loss of 958,000 francs for the 2005 financial year. Only a surplus of 95,000 francs was budgeted. This loss is due in particular to restructuring costs of 183,000 francs and provisions and litigation risks of 257,000 francs. Income was also miscalculated. At CHF 2.9 million, around half a million francs less was received than budgeted. Due to unrealistic budgeting, advertising income also fell short of the forecast.
Expenses could only be reduced by around CHF 60,000 to just under CHF 3.5 million compared to the budget. In order to reduce costs, the Board of Directors reduced the number of editorial, moderation and marketing staff by 380 to 1830 full-time equivalents in 2005. A loss of CHF 216,000 is budgeted for 2006.
Expenses could only be reduced by around CHF 60,000 to just under CHF 3.5 million compared to the budget. In order to reduce costs, the Board of Directors reduced the number of editorial, moderation and marketing staff by 380 to 1830 full-time equivalents in 2005. A loss of CHF 216,000 is budgeted for 2006.
