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TBS Seoul Media Foundation Announces Self-Rescue Plan Amid Funding Crisis

A panoramic view of TBS, Seoul Media Foundation. /News 1

Seoul Metropolitan Media Foundation TBS (hereafter referred to as TBS) announced that it is preparing a complete self-rescue plan to overcome the crisis before canceling the funding agency of the Seoul Metropolitan Government at the end of May. TBS has relied on contributions from the Seoul Metropolitan Government for 70% of its annual budget of about 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’s future response strategy, was organized within the Strategic Planning Office on January 24th.” “We intend to review an appropriate response plan and an 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 ensure a stable financial structure, and the announcement of a request to select a service company will be held until the end of February. Once the Proposal Evaluation Committee decides on a suitable candidate to discuss, the search for investment sites is expected to end towards the end of April.

In addition, in order to reduce the workforce gap caused by a series of voluntary retirements and 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 focused on planning, programming, and production was abolished, and a marketing solutions team was established to improve financial independence by improving profitability.

In order to drive fast and efficient performance, the Marketing Solutions Team has used talent from all departments with recognized company-wide planning and marketing capabilities, and has also used senior level employees with long-term production experience and human networks to search about ways. to improve business feasibility.I intend to do it.

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

Members of the Labor Management Emergency Response Committee said, “Right now, TBS is doing its best with labor and management working together to overcome the harsh reality,” and added, “We ask that you support TBS as much as you can stand up once. again.”

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