Trading at stv on course

Nov 7 2008

New management line up also confirmed

REGIONAL airtime sales at stv were up 13 per cent between the end of August and mid-November.

The broadcaster says it expects similar growth during the rest of the year.

However national airtime sales fell seven per cent in line with the ITV network.

Digital revenues in the Ventures division were up 23 per cent in the period with the full year result expected to be similar.

A full senior management line up was also confirmed.

The team reporting to chief executive Rob Woodward will be: -

George Watt, CFO, stv group plc;

Anmar Kawash, becomes chief operating officer (previously director of strategy and planning);

Bobby Hain will be Director of Broadcast Services and Regulatory Affairs (previously MD of broadcasting) providing an increased focus on stv’s position regarding Ofcom’s PSB Review;

David Brook, who has worked previously with Channel 4, five and the Guardian newspaper, joins the leadership team on an interim basis as director of programmes and marketing, with responsibility for the stv brand and regional programming;

David Connolly joins the leadership team as stv’s commercial director;
 
Suzanne Burns, HR director;

Alan Clements, director of content;

David Archer, MD of ventures;

Kathryn Jacob, MD of Pearl & Dean.

Rob Woodward, CEO of stv group,said: “We are continuing to perform robustly despite the current challenging market conditions and the transformed stv is now in a financially strong position.

"With an enhanced management structure in place and well defined KPIs, we remain on track to deliver on our strategy and to meet our KPIs.”