Αρχική iptv-news Funding boost for Spanish regional TV

Funding boost for Spanish regional TV

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Spanish regional TV stations are set to receive over €900 million in public funding this year.

El Economista reports that regional governments have boosted their spending in what is a pre-election year, with the media being one of the beneficiaries. As a result, the public contribution to regional TV will increase by 2.8% to €922.27 million.

This will be the second consecutive year in which it has risen, with the amount growing by 5.3%, or €64 million, in 2017.

Furthermore, the latter excluded the new regional TV station in Valencia, which cost €48.2 million of public money to set up.

This year, the new channel, named À Punt, is expected to receive €52.8 million in public funds. Taking this in account, public funding for regional TV stations in Spain as whole will increase by 11.3% this year.

The biggest increases will be in Andalusia and the Canary Islands, with lower ones being in Madrid, Galicia and the Basque Country.

There will be no rises in Catalonia and Asturias.



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