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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 4 May 2021
  6. Current session: 13 May 2021 to 5 November 2025
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Displaying 2809 contributions

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Constitution, Europe, External Affairs and Culture Committee [Draft]

STV

Meeting date: 9 October 2025

Stephen Kerr

Yes. Also, the nature of the market for content creation, production and broadcast is radically different from what it was even five years ago.

Constitution, Europe, External Affairs and Culture Committee [Draft]

STV

Meeting date: 9 October 2025

Stephen Kerr

Right, okay.

Many other questions need to be asked, not least about the facts that you are spending money on a radio station, hiring expensive presenters and investing in infrastructure for the studio. You have just spent £500,000 on refurbishing your Aberdeen and Glasgow studios, but the Aberdeen one will now fall into disuse.

I think that you have lots of questions to answer, but time does not permit me to put them just now. I will pass back to the convener.

Constitution, Europe, External Affairs and Culture Committee [Draft]

STV

Meeting date: 9 October 2025

Stephen Kerr

Yes, in effect, STV is giving up the licence.

Constitution, Europe, External Affairs and Culture Committee [Draft]

STV

Meeting date: 9 October 2025

Stephen Kerr

You have met the leadership team in Glasgow.

Constitution, Europe, External Affairs and Culture Committee [Draft]

STV

Meeting date: 9 October 2025

Stephen Kerr

So why do you resent being asked questions about it?

Constitution, Europe, External Affairs and Culture Committee [Draft]

STV

Meeting date: 9 October 2025

Stephen Kerr

Right. This year, you are responding to a performance that, if I am not mistaken, suggests that your revenue in the first half has gone down by £400,000. Is that right?

Constitution, Europe, External Affairs and Culture Committee [Draft]

STV

Meeting date: 9 October 2025

Stephen Kerr

I must be honest with you and say that I am not sure I understand how those numbers go together, but perhaps you could give the committee more information by writing to us.

If your revenue is roughly on par, then, on the sums that we are talking about, it does not seem like a kick in the pants from where it was. However, you are describing a huge drop in profitability, which you say has led to a 50 per cent loss in your share price and a collapse in your shareholders’ confidence. What are your shareholders telling you about the performance of your executive team?

Constitution, Europe, External Affairs and Culture Committee [Draft]

STV

Meeting date: 9 October 2025

Stephen Kerr

I understand that their aspirations will be for their shareholdings to retain their value, if not for that value to increase. However, they have just seen their holdings depreciate by 50 per cent in a year. Surely, they are saying much more than that to your executive team. Are they expressing confidence in you?

Constitution, Europe, External Affairs and Culture Committee [Draft]

STV

Meeting date: 9 October 2025

Stephen Kerr

Where does the figure of £3 million come from? What is the basis for it?

Constitution, Europe, External Affairs and Culture Committee [Draft]

STV

Meeting date: 9 October 2025

Stephen Kerr

But nothing quite like what will happen with STV North. You are effectively surrendering that licence, are you not?