Armenia’s Public TV and Radio Company to ask for double of current funding

Armenia’s Public TV and Radio Company to ask for double of current funding

YEREVAN, May 31. /ARKA/. The council of the Public TV and Radio Company of Armenia will ask the government to increase its funding approximately twice, the head of the council Ruben Jaghinyan told reporters Friday.

The respective application will be ready within the next two-three weeks, Jaghinyan said in the parliament.

He said after the blocks of ads were eliminated, audience is more attracted to television. Yet, it also led to reduction in funds, which, in its turn, creates problems in preparing the broadcasts, Jaghinyan said.

On December 26, 2013, Armenian government approved the draft amendments to the country’s law about television and radio, which stripped the Public TV company of the right to broadcast any advertising, apart from social ads and information about sports and cultural event sponsorship (not more than about one sponsor during a broadcast).

Jaghinyan said they are currently preparing justification for their request and expect support from the parliament.

The Public TV and Radio Company’s budget in 2013 amounted to about 4.2 billion drams (over $10 million). The budget execution was 99% in 2013. –0--

10:35 31.05.2014

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