• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Ecuador asks Mexico for a response on bananas and shrimp
Losses in the non-oil export sector amount to $85 million in 16 days of strike
The Government withdraws from the dialogue table after the death of a soldier
Popular oil would arrive in stores from this week at prices ranging from $1 to $1.25
Legislators denounce pressure and threats to vote for the removal of the President of the Republic, Guillermo Lasso
Conaie agrees to meet with representatives of all State powers
Ecuador’s oil production falls 51% due to national strike
Guillermo Lasso announces that the National Police and the Armed Forces will act with the necessary means to defend public order and democracy
“Cacerolazo” for Peace in Quito
Contecon will extend the free storage time by 40%, in support of the export sector affected by strikes

After seizure, TC lowered profits by 76% and increased its spending

Posted On 30 Oct 2017

Ecuadornews:

 

Since 2008, when it passed into the hands of the government of the so-called citizen revolution, TC Televisión had not registered gains as low as those it recorded in 2016.

According to its economic balance sheets, the well-known TC Mi Canal reported revenues of $ 1.3 million last year, 76% less than it had back in 2008 when it reached a profit of $ 5.6. millions. And this year, as revealed last week by Public Media Manager Andrés Michelena, this public television channel will project, for the first time, losses of $ 5.1 million.

The economic documents of the seized canal, point out that despite TC’s income, the administrative expenses (salary payments, bonuses, commissions, fees, maintenance, etc.) were gradually reducing the company’s profitability.

When the seizure took place, the media registered administrative expenses of $ 3 million per year, expenses that tripled in 2010 and even more in 2011, when the “expenses for employee benefits” reached $ 12.3 million. In 2016 they dropped to $ 6 million.

“Abysmal salaries were paid,” denounced Michelena, appointed in the government of Lenin Moreno. (I)

 

 

 

 

 

 

Source: http://www.eluniverso.com/noticias/2017/10/30/nota/6457837/tras-incautacion-tc-bajo-ganancias-76

About the Author
  • google-share
Previous Story

Shrimp larvae “will have a guarantee”

Next Story

Appeal against appointment of the vice president is rejected

SEARCH

LATEST NEWS

Ecuador asks Mexico for a response on bananas and shrimp

Posted On 29 Jun 2022

Losses in the non-oil export sector amount to $85 million in 16 days of strike

Posted On 29 Jun 2022

The Government withdraws from the dialogue table after the death of a soldier

Posted On 28 Jun 2022
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net