STV’s profits has fallen by more than 40 per cent after its production arm missed targets last year however the Scottish broadcaster insists a strong start to 2016 has put it back on track.
The STV Group company, which holds the ITV licence for Scotland, saw its pre-tax profits plummet by 42 per cent year-on-year to £9.8m and its total revenue decline by three per cent to £116.5m.
The STV Productions arm, which develops shows including Catchphrase and Antiques Road Trip, largely contributed to this slump as it suffered from fewer commissions and lower deliveries of programmes than forecast. Its year-on-year revenue Read full story ›
Source: The Drum
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