Radio Télévision de Portugal (RTP) is a state-run television station founded in 1933, with two national stations, RTP1 and RTP2, three radio stations, several local stations and two international channels, RTP Africa and RTP International, broadcasting in English, French and Portuguese, and funded mainly by subscriptions and advertising revenues. In 2012, due to the huge pressure of the European debt crisis, the Portuguese government implemented a series of fiscal austerity measures in the country, and Portuguese radio and television stations began to be privatized.