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The Swiss Broadcasting Corporation says its deficit this year will only be between 50 and 60
million francs, and not 70 million, as predicted.
The public broadcaster is the parent company of World Radio Switzerland.
It says the better-than-expected outlook is mainly due to favorable returns on the pension
funds.
Despite the Swiss Broadcasting Corporation's ongoing financial difficulties, the Federal Council
refused last month to increase the radio and television license fee and instead demanded that
the company take further cost-cutting measures.
Source: WRS | SBC deficit will be less than expected http://bit.ly/8Ygq4r
(Yimber Gaviria, Colombia)
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