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Armenia's Public TV and Radio Company to ask for double of current f

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  • Armenia's Public TV and Radio Company to ask for double of current f

    Armenia's Public TV and Radio Company to ask for double of current funding


    YEREVAN, May 31. /ARKA/. The council of the Public TV and Radio
    Company of Armenia will ask the government to increase its funding
    approximately twice, the head of the council Ruben Jaghinyan told
    reporters Friday.

    The respective application will be ready within the next two-three
    weeks, Jaghinyan said in the parliament.

    He said after the blocks of ads were eliminated, audience is more
    attracted to television. Yet, it also led to reduction in funds,
    which, in its turn, creates problems in preparing the broadcasts,
    Jaghinyan said.

    On December 26, 2013, Armenian government approved the draft
    amendments to the country's law about television and radio, which
    stripped the Public TV company of the right to broadcast any
    advertising, apart from social ads and information about sports and
    cultural event sponsorship (not more than about one sponsor during a
    broadcast).

    Jaghinyan said they are currently preparing justification for their
    request and expect support from the parliament.

    The Public TV and Radio Company's budget in 2013 amounted to about 4.2
    billion drams (over $10 million). The budget execution was 99% in
    2013. -0--

    - See more at: http://arka.am/en/news/economy/armenia_s_public_tv_and_radio_company_to_ask_for_d ouble_of_current_funding_/#sthash.UNOQ0Md1.dpuf

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