Statement from Minister Bruton
I recognise the importance of local radio stations to their communities as a trusted source of information on the Covid -19 Pandemic. They play a crucial role, especially in broadcasting community specific information across the country.
In common with other businesses, the local radio sector has experienced financial strain as a result of a drop off in advertising revenue. To ensure that local radio stations can continue to play a role in serving local communities, I have requested the Broadcasting Authority of Ireland to waive the broadcasting levy for the first six months of the year. This action will save local radio stations almost €1m.
I have also asked the BAI to conduct an urgent assessment of the financial situation of local radio as a result of the Covid- 19 Pandemic.
Local radio stations are also entitled to the range of forbearance measures announced by Revenue and the banks.