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RTÉ May Face Insolvency Due to Drop In TV Licence Payments

RTE faces insolvency by early spring if it does not receive a bailout along with a failure to cut costs.

It's forecast the broadcaster will have a 61 million euro hole in its finances over the next two years as a result of a drop in the number of households paying the TV licence fee.

Representatives appeared before the Public Accounts Committee this morning.

Director General Kevin Bakhurst outlines what costs it will have to cut in order to help it stay afloat:

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