S4C managers are to lose cars and benefits as part of plans to save money

S4C managers are to lose benefits such as company cars and private insurance, the TV channel has announced.

Chief executive Ian Jones said the move was part of plans to save money.

He said nine company cars will go in September - saving £50,000 - and health insurance at the end of the year.

The channel's public funding is being cut by a quarter from £102m to £75m by 2015. There have been viewer complaints about recent changes to the S4C schedule due to reduced budgets.