The Lithuanian Radio and Television Council oversees the operations of LRT according to the Law on the Provision of Information to the Public and the Lithuanian Radio and Television Law. LRT is funded by the state budget (about 75%) and television commercials. A television licence fee or tax that every television purchaser would have to pay is being discussed since 1996 as the future source of income for LRT.
In May 2007 LRT started a project of converting all of its films, including some five thousand hours of cinefilm and some 30,000 hours of video tapes to digital. The oldest entry dates back to 1895.
On 23 December 2013 Seimas banned commercials on LRT TV channels and radio stations starting from 2015.