Mr. Mike Fives:

We budgeted for a deficit of in and around €7 million. Obviously, we have had a significant drop in licence fee sales so our current estimate at the current rate of 30% would be the €21 million that we spoke about. That would be a deficit of in and around €28 million. Obviously, there are actions that we are taking. Commercial revenues are trading quite well, so I think that will be a modest contribution. There are initiatives that we have undertaken to freeze new hires and to look at discretionary spending, outside broadcasts, OBs, and travel. The level of coverage that we are going to be able to provide will obviously have to reduce, whether that is the number of people who travel to Donnybrook, and they may have to come in over Teams. It is all of these things that we are going to have to do and slightly change the model to close some of that gap.

RTÉ has a lot of fixed costs. Some 50% of our costs are staff costs; in the 2022 annual report, that was 51%.