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SBC narrows deficit in 2010

The Swiss Broadcasting Corporation (SBC) has reported a deficit of SFr12.3 million ($13.7 million) for 2010, well below its forecast deficit of SFr74.5 million.

The SBC, swissinfo’s parent company, said the better result was due to savings and efficiency measures, as well as more commercial revenue.

Working in its favour were higher spending on advertising, cuts to IT and distribution costs, and the end of adjustments to the pension fund. 

The SBC said, however, that as the economic situation was still uncertain, the margin for financial flexibility would remain narrow as more investment in technology and infrastructure was needed.

Barring any surprises, it expects to end 2011 in the black. 

The result was a SFr34.4 million improvement on 2009’s deficit of SFr46.7 million.

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SWI - a branch of Swiss Broadcasting Corporation SRG SSR

SWI - a branch of Swiss Broadcasting Corporation SRG SSR