Overview

• In a report published Tuesday, the financial watchdog labels the broadcaster’s position “critical” and demands immediate structural changes, including urgent renegotiation of the 2013 collective agreement.
• France Télévisions’ 2025 budget carries a €40 million deficit, with equity down to roughly €179 million from about €294 million and liquidity under severe strain.
• The Court warns the State must restore equity or reduce capital before 31 December 2026, otherwise the company could face dissolution under the Commercial Code.
• Drivers of the shortfall include high personnel and operating costs within a rigid pay framework, with cited examples such as about €4 million spent on taxis in 2024 and company cars for around fifty executives.
• Despite strong audiences (29.8% share and france.tv surpassing TF1’s platform), Delphine Ernotte says the group accepts the recommendations, while the report notes more than €110 million in public funding cuts between 2018 and 2022 contributed to fragility.