Can one of the accounting egg heads explain to me defiscalisation or whatever the term is to me like I am five?
Business expenses such as client dinners and other junkets would be “defiscalised” which in one sense would be a good thing and somewhat encouraged as they would be tax write offs, no?
But then it appears that the spend on some of these was disproportionate to fit and proper procedures - and that is before getting into the barter accounts.
They should have been dismantled 30 years ago when they were and the value was there.
The majority of their audience on radio and tv is now ageing and terrible for commercial ad revenue. In the segments that matter they are in fierce competition with others.
I don’t disagree that the public subsidy gives them an advantage but it isn’t absolute. For example, Eir and Virgin both came into the tv sports market and hoovered up sports rights on the basis of broadband revenues, something RTÉ could not have done.