RTÉ may sell Donnybrook land due to €61m licence fee shortfall

Then CFO Richard Collins at the Oireachtas media committee in July. Mr Collins resigned on Wednesday, but other RTÉ executives including Kevin Bakhurst will appear at the PAC on Thursday. Picture: Oireachtas TV

RTÉ will have to take drastic cost-cutting measures as it faces a shortfall of more than €61m in TV licence fee revenue.

Media Minister Catherine Martin has revealed the Government is only willing to pay €40m of this shortfall, meaning the State broadcaster will have to find €21m in cost-saving measures itself. It comes as the station’s chief financial officer Richard Collins resigned from his position on Wednesday.