Páll Magnússon, director of RÚV, the National Icelandic Broadcasting Service, announced his resignation shortly before 1 pm today. In his statement to his staff, he said that he feels that the board of RÚV does not trust him enough. Last month, it was announced that 60 people will lose their jobs at RÚV.
Páll said that RÚV had rarely been stronger than now in terms of trust in the broadcaster compared to other institutions and media, as well as popularity.
More than 10,000 people signed a petition urging the Icelandic government to reverse recently announced planned budget cuts to the National Broadcasting Corporation RÚV.
RÚV was established in 1930 and was the first radio station in Iceland. The broadcaster then moved into television in 1966 and held a monopoly there for 20 years.