Manx Radio announces £65,000 annual loss

Chairman defends station's community value

Manx Radio has announced an annual loss of almost £65,000.

Its commercial turnover for the last financial year dropped by more than £200,000, from over £1.5million to around £1.3million, whilst the public service subvention has risen.

That stipend will rise to £995,000 for the financial year ending 31 March 2021, as approved by a Tynwald committee in October last year, having previously stood at just under £900,000.

You can view the annual report in full here.

Chairman Bill Mummery says it still represents value, when compared to its commercial competitors:

Deputy News Editor Ewan Gawne asked Mr Mummery what he would say to members of the public who are angry about the figures:

You can hear that full interview below, where Mr Mummery explained what he puts the loss down to: