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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 2 December 2025
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Displaying 2911 contributions

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

STV

Meeting date: 9 October 2025

Stephen Kerr

The bottom line is that you have lost the confidence of your shareholders. Your share price has fallen by more than 50 per cent in a year. Why is that?

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

STV

Meeting date: 9 October 2025

Stephen Kerr

Yes, but what is the reason for that? If your revenue is in touch with what you were doing a year ago—year on year—what is the reason for the drop in profitability?

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

STV

Meeting date: 9 October 2025

Stephen Kerr

No—that would suggest that revenue would have fallen off a cliff. It has not—it has gone down by £400,000. Why is there a disproportionate drop in profitability if revenue has only gone down by £400,000?

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

STV

Meeting date: 9 October 2025

Stephen Kerr

You are effectively ripping up STV North.

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

STV

Meeting date: 9 October 2025

Stephen Kerr

Are you not ripping up STV North? You are removing local production and presentation and taking them to Glasgow.

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

STV

Meeting date: 9 October 2025

Stephen Kerr

We are talking about two licences. The STV North licence will effectively disappear. You want Ofcom to agree that there will no longer be 15 channel 3 licences in the UK. Instead, there will be 14, because you will just absorb STV North.

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

STV

Meeting date: 9 October 2025

Stephen Kerr

I hear all of that, but your licence requires four hours of regional news weekly and five-minute sub-regional segments at 6 pm. STV North must produce 70 per cent of its regional output within that licence area. You are ripping all of that up, are you not?

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

STV

Meeting date: 9 October 2025

Stephen Kerr

So STV management may be interpreting that trend and deciding that the future for the business lies in the production element and, therefore, they are stripping out cost across the broadcaster to prepare it to be disposed.

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

STV

Meeting date: 9 October 2025

Stephen Kerr

Regional news.

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

STV

Meeting date: 9 October 2025

Stephen Kerr

But you are taking that away, too.