You will be redirected back to your article in seconds

Portugal to reduce net’s debt

Privatization will be part of process

LISBON — The new Portuguese government has announced a set of measures that will significantly reduce the operating costs and production output of debt-ridden pubcaster RTP.

The tax authorities have acquired RTP’s archive for $216 million as part of a $326 million restructuring package of RTP’s $1.2 billion debt.

The archive provides repeat programming for the pubcaster’s flagship channels, RTP1 and RTP2, plus its cable channel, RTP Memoria.

Private-sector competitors will have easier access to the archive — one of their long-standing demands. Commercial broadcasters will also now provide programming for a revamped RTP Intl.

Flagship channel RTP1 will be privatized next year, and RTP’s output will be cut from 14 to four hours per day on regional channels RTP Madeira and RTP Azores.

The government has also announced that RTP will renegotiate its $2.9 million annual programming deal with Euronews.

A new model for public service TV will be unveiled in October.

More TV

  • Chelsea Netflix

    Chelsea Handler's Netflix Talk Show to End After Two Seasons

    LISBON — The new Portuguese government has announced a set of measures that will significantly reduce the operating costs and production output of debt-ridden pubcaster RTP. The tax authorities have acquired RTP’s archive for $216 million as part of a $326 million restructuring package of RTP’s $1.2 billion debt. The archive provides repeat programming for […]

  • Mindy Kaling TCA

    Mindy Kaling to Produce Two Comedies in Development at NBC From 'Mindy Project' Team (EXCLUSIVE)

    LISBON — The new Portuguese government has announced a set of measures that will significantly reduce the operating costs and production output of debt-ridden pubcaster RTP. The tax authorities have acquired RTP’s archive for $216 million as part of a $326 million restructuring package of RTP’s $1.2 billion debt. The archive provides repeat programming for […]

  • CMT 'Artists of the Year' Lauds

    Jason Aldean, Luke Bryan, Chris Stapleton, More: Get to Know CMT's Artists of the Year

    LISBON — The new Portuguese government has announced a set of measures that will significantly reduce the operating costs and production output of debt-ridden pubcaster RTP. The tax authorities have acquired RTP’s archive for $216 million as part of a $326 million restructuring package of RTP’s $1.2 billion debt. The archive provides repeat programming for […]

  • Jerrod Carmichael to Produce Fox Comedy

    Jerrod Carmichael to Produce Comedy Put Pilot at Fox Based on Life of Nate Bargatze (EXCLUSIVE)

    LISBON — The new Portuguese government has announced a set of measures that will significantly reduce the operating costs and production output of debt-ridden pubcaster RTP. The tax authorities have acquired RTP’s archive for $216 million as part of a $326 million restructuring package of RTP’s $1.2 billion debt. The archive provides repeat programming for […]

  • Rick and Morty

    Harassment of Women Flows From Harvey Weinstein to 'Rick and Morty' Fans (Column)

    LISBON — The new Portuguese government has announced a set of measures that will significantly reduce the operating costs and production output of debt-ridden pubcaster RTP. The tax authorities have acquired RTP’s archive for $216 million as part of a $326 million restructuring package of RTP’s $1.2 billion debt. The archive provides repeat programming for […]

  • DSCF3404.raf

    Los Angeles Feature Film Production Increases 7.6% in Third Quarter

    LISBON — The new Portuguese government has announced a set of measures that will significantly reduce the operating costs and production output of debt-ridden pubcaster RTP. The tax authorities have acquired RTP’s archive for $216 million as part of a $326 million restructuring package of RTP’s $1.2 billion debt. The archive provides repeat programming for […]

More From Our Brands

Access exclusive content