Spain State-Owned TV May Seek Fresh Credit, Cinco Reports

Spanish state-owned radio and television station RTVE is in talks with lenders for fresh credit as it faces a potential lack of liquidity in 2012, Cinco Dias reported, citing unidentified board members.

RTVE may face a shortage of liquidity next year because of delays caused with a new government’s budget plans and from telecommunications companies and commercial television stations not paying fees, the newspaper said. The credit being sought by RTVE will be for no longer than three months and could total 60 million euros ($81 million).

To contact the reporter on this story: Manuel Baigorri in Madrid at mbaigorri@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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