REG - STV Group PLC - STV confirms renewal of Channel 3 licences

STVAnnouncement

21/03/2024 10:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240321:nRSU7883Ha&default-theme=true

RNS Number : 7883H  STV Group PLC  21 March 2024

 

 

STV Group plc

Immediate Release

 

Thursday 21 March 2024

 

STV CONFIRMS RENEWAL OF CHANNEL 3 LICENCES

 

·      STV agrees terms for north and central Scotland licences for
10-year period from 2025

·      Broadcaster confirms ongoing commitment to high quality Public
Service Broadcasting

·      Network programming agreement with ITV in place throughout
licence duration

 

STV Group plc today (Thursday 21 March) confirms that it has accepted new
financial terms with regulator, Ofcom, to renew its Channel 3 licences for the
north and central regions of Scotland.

 

The new licences will come into effect from 1 January 2025 and will run for a
ten-year period, securing the benefits of Scottish public service broadcasting
for STV viewers.

 

STV notes that ITV has also accepted the same terms for each of its 13
regional Channel 3 licences, which secures the future of the Channel 3 network
across the UK.

 

Simon Pitts, CEO of STV Group plc, said: "We welcome the renewal of our
licences, which provides us with the certainty to continue to invest in our
business for the long term, while ensuring continued delivery of valued public
service broadcasting on Channel 3 in Scotland until the end of 2034. We're
proud to be Scotland's most popular peak time channel, which is testament to a
strong schedule of local programming, news and current affairs alongside
popular, award-winning network content through our agreement with ITV.

 

"It's now critical that the Media Bill progresses through the UK parliament
and is swiftly implemented by Ofcom to ensure Public Service Media's
prominence in the digital era. This would guarantee that streaming services
run by PSBs, like STV Player, are easily discoverable by viewers on digital
platforms and devices."

 

Contact:

Kirstin Stevenson (Head of Communications) STV

T: 07803970106 E: Kirstin.stevenson@stv.tv (mailto:Kirstin.stevenson@stv.tv)
 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCKFLBLZXLLBBE