Belgium's VRT getting cash infusion

Ads, digital TV, VOD overestimated in budget

BRUSSELS -- Belgium's Dutch-language public broadcaster VRT will receive 40 million euros ($63 million) in subsidies over the next four years to fill budget shortfalls blamed on overestimating income from advertising, digital television and VOD.

Flemish media minister Geert Bourgeois said that without the extra cash VRT would finish the 2008-11 period with a 60 million euros ($95 million) shortfall.

VRT's latest figures reveal a loss of 7.3 million euros ($11 million), down from 19 million euros ($30 million) profit in 2006.
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