New financial controls at RTÉ and TG4 as broadcasters come under NewERA

 The Future of Media Commission, which was published last July, had called for RTÉ and TG4 to be brought under the remit of NewERA. The recent scandal has sped up the process. Picture: RTÉ.ie

New financial controls will come into force at RTÉ and TG4, as the Finance Minister Michael McGrath puts the broadcasters under the remit of the New Economy and Recovery Authority (NewERA).

NewERA is a division of the National Treasury Management Agency (NTMA) and provides financial and commercial advice to both Government ministers and departments on State companies.