Oireachtas Joint and Select Committees
Wednesday, 5 July 2023
Joint Committee on Tourism, Culture, Arts, Sport And Media
Transparency of RTÉ Expenditure of Public Funds and Governance Issues: Discussion (Resumed)
Mr. Richard Collins:
One has to look back at what was going on in RTÉ. At that stage, Covid had just hit. I was brought in and took over as chief financial officer. In the first two months following Covid, we dropped €7 million in terms of income. We were heading towards running out of cash in the business. My absolute top priority was preserving the jobs of people in RTÉ and preserving RTÉ. I was totally focused on that. I was asked to lead a recovery or survival plan for RTÉ. I had to negotiate with banks on which we had covenants falling due, with the Government and I worked with the executive to renegotiate all of the contracts we had with suppliers. As a result, that was my clear focus. This commercial agreement was being handled by the director general, as I saw it. I concluded the straightforward part of it - the five-year deal - but I was comfortable that she, the most senior person in the business, was handling it. I had bigger issues to worry about at that stage. I was two months into the business.
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