Rob Woodward of Scottish media group STV talks to Stockopedia

Wednesday, Sep 01 2010 by
Rob Woodward CEO of STV plc
Rob Woodward, CEO of STV plc

When Rob Woodward took the helm as chief executive of Scottish media group Stv Group (LON:STVG) in early 2007 he instigated a sell off of poorly performing assets, sharpened the group’s digital strategy and began eyeing the opportunity of delivering local services across Scotland. In the three years that followed, STV has concentrated on building a brand based on quality content and services whilst expanding its audience and advertiser base and keeping a close eye on costs.

Before joining STV, Woodward was commercial director of Channel 4 Television and formerly CEO of 4Ventures. He previously spent time in the City as an MD of UBS Warburg and global COO of corporate finance in media and communications after joining from Deloitte, where he was managing partner of the firm’s European telecoms, media and technology business and UK strategy consulting practice. STV is part of the Itv (LON:ITV) Network, which also includes Utv Media Plc (LON:UTV) in Northern Ireland and Channel Television and which compete directly with the likes of the BBC and British Sky Broadcasting Group (LON:BSY) .

Last week Woodward delivered STV’s results for the first half of 2010, which saw sales from continuing operations increase by 20% to £50m and group pre-tax profits before exceptionals rise by £5m to £6m. The improved performance came on the back of an airtime market recovery combined with continuing cost controls that helped to boost broadcasting margins. In May, the latest in a string of asset sales saw the group sell loss-making cinema adverising business Pearl & Dean. The group is now pressing ahead with its efforts to integrate new digital platforms and partnerships and roll out its community-based STV Local service across Scotland.

Rob Woodward spoke to Stockopedia about STV’s progress during the last three years and how he is seeking to broaden the group’s presence on both a local and international level.

Rob, you have been responsible for STV’s restructuring over the last three years. What has been going on during that time?

It was an ailing company which needed complete restructuring, it was a turnaround situation. Basically we refocused the company around the core asset, which is its Scottish broadcasting business STV, and along the way we sold off the non-core assets. The first to be sold was a company called Primesight, which…

Unlock this article instantly by logging into your account

Don’t have an account? Register for free and we’ll get out your way


As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.

Do you like this Post?
3 thumbs up
0 thumbs down
Share this post with friends

STV Group plc is a United Kingdom-based digital media company. The Company is engaged in the production and distribution of content across multiple devices and platforms, including television broadcasting and the sale of advertising airtime and space in the media. The Company focuses on its television and digital media businesses and involved in charitable activities. The Company's segments include Consumer and Productions. The Company's Consumer segment delivers content to attract mass audiences, which are sold to advertisers. The Company's Productions segment produces content for broadcast networks in the United Kingdom and overseas. The Company's subsidiaries include STV Central Limited, STV North Limited, STV Productions Limited, STV Glasgow Limited, STV Aberdeen Limited, STV Ayr Limited, STV Dundee Limited, STV Edinburgh Limited, Scottish News Network Limited, STV Publishing Limited, STV Out of Home Limited and STV Appeal Trading Company Limited. more »

LSE Price
Mkt Cap (£m)
P/E (fwd)
Yield (fwd)

ITV plc (ITV) is an integrated producer broadcaster. Its segments include Broadcast & Online and ITV Studios. Its Broadcast & Online operates the commercial family of channels in the United Kingdom and delivers content through traditional television broadcasting. In addition to linear broadcast, the Company delivers its content on multiple platforms, including the ITV Hub and pay platforms or through direct content deals. Its ITV Studios is the Company's international content business, which creates and produces programs and formats that return and travel, including drama, entertainment and factual entertainment. Its ITV Studios produces programming across a range of genres for ITV's own channels. ITV Studios also operates in the United States, Germany, France, Australia and the Nordics, producing content for local broadcasters in these regions. Within ITV Studios is Global Entertainment, the Company's distribution business, which sells finished programmes and formats worldwide. more »

LSE Price
Mkt Cap (£m)
P/E (fwd)
Yield (fwd)

Wireless Group plc, formerly UTV Media plc, is a media company comprising radio and media operations. The Company operates through three segments: Radio GB, Radio Ireland and Digital Services. Radio GB operates talkSPORT, a sports radio station; Sport, a sports magazine; approximately 10 independent local radio stations in England and Wales, as well as digital radio multiplexes throughout Great Britain. Radio Ireland is a local radio operator in Ireland with over seven stations broadcasting from Belfast, Cork, Limerick, Dublin and Drogheda, and an advertising sales house based in Dublin. Digital Services offers Tibus and Simply Zesty, which provide digital support to the radio divisions alongside services to external customers. Tibus provides Internet services for businesses and public organizations. Simply Zesty is a digital advertising agency offering customers a range of creative digital marketing and technology services. more »

LSE Price
Mkt Cap (£m)
P/E (fwd)
Yield (fwd)

  Is STV fundamentally strong or weak? Find out More »

What's your view on this article? Log In to Comment Now

You can track all @StockoChat comments via Twitter

About Ben Hobson

Ben Hobson

Strategies Editor at Stockopedia. My goal is to help private investors learn and invest with confidence through the articles, ebooks and other resources we publish on site. I also occasionally bunk off to interview famous investors at expensive restaurants. I studied History at Aberystwyth University, trained as a journalist and covered business news and corporate finance before settling in as one of the first staff members at Stockopedia.  Away from Stockopedia I'm a mountain bike junkie. more »


Stock Picking Tutorial Centre

Let’s get you setup so you get the most out of our service
Done, Let's add some stocks
Brilliant - You've created a folio! Now let's add some stocks to it.

  • Apple (AAPL)

  • Shell (RDSA)

  • Twitter (TWTR)

  • Volkswagon AG (VOK)

  • McDonalds (MCD)

  • Vodafone (VOD)

  • Barratt Homes (BDEV)

  • Microsoft (MSFT)

  • Tesco (TSCO)
Save and show me my analysis