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Cour des Comptes Flags France Télévisions’ Finances as Critical, Urges Immediate Structural Reforms

The fiscal watchdog sets an end‑2026 deadline for state action to avert dissolution.

Overview

  • In a 166‑page report published Tuesday, the Cour des comptes says the broadcaster is in a “situation financière critique” requiring structural changes without delay.
  • Magistrates call for a global renegotiation of the 2013 collective agreement, citing a rigid job framework, high personnel costs, and generous benefits that hinder adaptability.
  • The group’s 2025 budget shows about €40 million in losses, equity has fallen from roughly €294 million to €179 million in eight years, and more than €110 million in state funding was cut between 2018 and 2022.
  • The Court warns that, absent restored equity or a capital reduction by 31 December 2026, the company could be dissolved under the Commercial Code.
  • Recommendations include a stabilized multi‑year financing path, faster digital transformation, and deeper synergies such as between France 3 and the ICI/France Bleu network, as president Delphine Ernotte says the company accepts and is implementing the guidance.