ABC annual report reveals $11.8m loss, double previous year’s advertising spend
The ABC spent $5.5m on advertising during the last financial year, a spend of more than double the previous year’s $2.7m.
The figures come in a year when the ABC reported an annual loss of $18.4m, after originally forecasting a budget loss of just $11.1m for FY 2020, following the Federal Government’s decision to cut the public broadcaster’s budget by $84m over three years.
