TBS, whose subsidies will be cut off starting this year, seeks to find private investment sources

2024-02-14 01:37:39
Panoramic view of TBS, Seoul Media Foundation. /News 1

Seoul Metropolitan Media Foundation TBS (hereinfollowing referred to as TBS) announced that it is preparing an all-out self-rescue plan to overcome the crisis ahead of the cancellation of Seoul Metropolitan Government’s funding agency at the end of May. TBS has relied on contributions from the Seoul Metropolitan Government for 70% of its annual budget of approximately 40 billion won.

TBS said in a press release on the 14th, “The Emergency Response TF, which will oversee the establishment and implementation of TBS’ future response strategy, was organized within the Strategic Planning Office on January 24th.” “We plan to review an appropriate and efficient operating system and discover various business models to diversify financial resources, such as discovering investment sources for private resources.”

According to TBS, a service to discover private investment sources is currently being promoted to secure a stable financial structure, and a bid announcement to select a service company will be held until the end of February. Once a suitable candidate for negotiation is determined through the Proposal Evaluation Committee, the search for investment sites is expected to be completed around the end of April.

In addition, to minimize the manpower gap caused by a series of voluntary retirements and to increase the efficiency of organizational operations, an organizational reorganization was carried out focusing on key departments within the Strategic Planning Office. The existing team structure centered on planning, programming, and production was abolished, and a marketing solution team was established to enhance financial independence through improved profitability.

In order to drive quick and efficient performance, the Marketing Solution Team has deployed talent from each division with recognized planning and marketing capabilities to the entire company, and has also deployed senior-level employees with long-term production experience and human networks to seek ways to enhance business feasibility. I plan to do it.

In addition, the Labor-Management Emergency Response Committee, which was launched on November 15 last year to ensure the continuation of TBS and the survival rights of its members, has begun full-scale discussions. The TBS labor union and management decided to jointly respond with the consensus that this is a crisis situation that is at stake for the survival of TBS.

The members of the Labor-Management Emergency Response Committee said, “Currently, TBS is doing its best with labor and management working together to overcome the harsh reality,” and added, “We ask you to support TBS so that it can stand up once once more.”

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