RTVE’s financing could impede competition in the Spanish media market, CNC says

July 20, 2010 - PRLog -- CNC, Spain’s National Competition Commission, said that RTVE’s new means of financing itself could impede competition in the Spanish media market. A new mechanism was introduced in September  last year to finance the public broadcaster that no longer broadcasts advertisements in two ways: first by a new tax imposed on telcos and second by another tax imposed on national private broadcasters. Spanish law establishes that telcos must pay 0.9% of their income before tax to finance RTVE while in-the-clear private broadcasters must contribute 3% of their incomes before tax and pay-TV broadcasters will pay 1.5%.

CNC is worried that RTVE budget forecast of €1,200 million could have an inflationary effect on the audiovisual market.

http://www.dataxisnews.com

# # #

DATAXIS, is an international market research company that covers 4 play markets worldwide. Our online database contains detailed and up to date data on subscribers, revenues & ARPUs as well as annual forecasts on major operators and technology suppliers.