Business · Economy · 8 hrs ago

Bavarian public broadcaster faces €106.4 million shortfall by 2028

Bavarian public broadcaster faces €106.4 million shortfall by 2028

Bavarian public broadcaster BR could run a €106.4 million deficit by the end of 2028, according to the state audit office.

The office examined the broadcaster’s finances from 2020 to 2024 and said BR had been in a balance-sheet deficit throughout that period.

BR had €226.4 million in financial reserves at the end of 2024, but the audit office expects those reserves to be used up by 2028.

The audit office is calling for more savings and a deeper restructuring of the broadcaster.

BR says its “BR Compass 2035” plan will cut costs and change how the organisation works, including leaving one in three jobs unfilled by 2030.

The broadcaster also faces a €512.8 million shortfall in assets set aside for staff pensions, which it links mainly to older pension commitments.

BR says it will keep reducing staff and costs, while the audit office also recommends more cooperation with other regional broadcasters and more efficient structures.

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Bayerischer RundfunkPublic broadcaster
We are reducing structures and fixed costs, cutting staff and pooling tasks within ARD.
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long-term obligations from legacy occupational pension contracts
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Bavarian Supreme Audit InstitutionState audit body
continuously over-indebted on the balance sheet
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