STV accused of financial mismanagement over plan to cut news show

STV accused of financial mismanagement over plan to cut news show

BBC Scotland News contributor Angus Cochrane reported that STV executives are facing criticism for their decision to implement job cuts and cancel a news program in north Scotland. The company plans to reduce its workforce by approximately 60 employees and has initiated a voluntary redundancy scheme. Unions have labeled the move as irrational and attributed it to hurried decisions made in panic.

STV CEO Rufus Radcliffe defended the organization’s actions, stating that efforts were being made to safeguard jobs and establish a sustainable business model. Radcliffe refuted claims that the announcement of job cuts was mishandled, despite allegations that a senior executive joined a virtual meeting from a holiday villa. STV aims to achieve £2.5m in savings by the following year following a reported loss of £200,000 in the first half of 2025.

Critics have pointed out that the decision to cut the Aberdeen news program comes shortly after STV announced extensive investments in its Aberdeen and Glasgow studios. The revised proposal involves replacing the Aberdeen program with a show broadcasted from Glasgow, covering stories from central and northern Scotland. The concerns raised include allocating funds for a new STV radio station while pursuing significant cost reductions in other areas. The National Union of Journalists has condemned the move as an act of cultural vandalism and questioned the financial prudence of the decision-making process.

As discussions continue, regulatory body Ofcom is collaborating with STV to deliberate on the proposed alterations. With a consultation expected to commence in the near future, Ofcom remains mindful of the potential repercussions on employment and has acknowledged the necessity for a prompt resolution. The talks between executives, regulators, and stakeholders reflect a delicate balance between financial sustainability, audience preferences, and the preservation of journalistic integrity in the evolving media landscape

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