Icelandic National Broadcaster ‘Bankrupt’ Skip to content

Icelandic National Broadcaster ‘Bankrupt’

Progressive Party MP Karl Garðasson declared at Alþingi, the Icelandic parliament, on Wednesday that RÚV, the national broadcasting service, was essentially “bankrupt,” and that courage is needed to review its operations and everything concerning public limited companies.

RÚV can no longer serve everyone all the time. It doesn’t work out,” Karl commented, as reported in Fréttablaðið. He added that tough questions must be answered.

“Are we prepared to allocate almost ISK 900 million [USD 7.5 million, EUR 5.9 million] annually to RÚV’s news service, 300 million to Rás 1, 200 million to Rás 2 and 1.3 billion to television programs other than news?” Karl asked.

He stressed that people must realize that RÚV’s accumulated need for investment in the next four years amounts to ISK 1.5 billion.

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