RTE would become insolvent by spring without extra funding, boss warns

RTE director general Kevin Bakhurst said the broadcaster needs more funding (Brian Lawless/PA)

RTE would become insolvent by early spring next year without additional funding from the Government, director general Kevin Bakhurst has warned.

Ministers are withholding 40 million euro, to plug a gap created by plummeting licence fee revenue, pending the delivery of a strategic reform plan from RTE.