Austrian Public Broadcaster's Results Likely Not in the Black

Published: November 18, 2015; 17:30 · (FriedlNews)

The financial plan of public broadcaster ORF for 2016 lists several costly program events, such as the football cup in France and the Olympic Games in Rio de Janeiro. On account of these the result is likely to be barely in the black, CEO Alexander Wrabetz explained. The revenue is estimated to total EUR 942 million (USD 1 billion), the profit of the concern is seen at EUR 1.6 million, compared to the targeted EUR 1.3 million in 2015. The profit of the ORF parent group is estimated at EUR 0.2 million.

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