STV Group (Scotland)
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| Public limited company | |
| Traded as | : |
| Industry | Media |
| Founded | 1957 (as Scottish Television plc) |
| Headquarters | Glasgow, Scotland, UK |
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Key people
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Rob Woodward (CEO); Baroness Margaret Ford (Chairman) |
| Products | Television, Internet |
| Revenue | £104.8 million (2010) |
 £14.4 million (2010)
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| Profit |
(£5.3 million) (2010)
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Number of employees
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380 (core staff) 550 (freelance staff) (2010) |
| Website | www.stvplc.tv |
STV Group plc, previously known as Scottish Television and Scottish Media Group, is a Scottish media company. It is a constituent of the FTSE Fledgling Index. Originally formed as Scottish Television, it changed its name to Scottish Media Group in 1996 when it acquired Caledonian Publishing, owners of Glasgow-based newspapers The Herald and Evening Times (both of which have since been sold). It then went on to acquire the ITV licence holder for Northern Scotland, Grampian Television, in 1997. Scottish and Grampian merged brands in 2006 to form STV.
Originally formed as Scottish Television, it changed its name to Scottish Media Group in 1996 when it acquired Caledonian Publishing, owners of Glasgow-based newspapers The Herald and Evening Times (both of which have since been sold). It then went on to acquire the ITV licence holder for Northern Scotland, Grampian Television in June 1997. In August 1997 the company acquired a 15% stake in UTV In 1999 it launched a new Sunday broadsheet newspaper, the Sunday Herald. The company renamed itself again as "SMG plc" in 2000 by which time it had expanded further through the acquisitions of Primesight (outdoor advertising), Pearl & Dean and Ginger Media Group, which included Ginger Television and the UK radio station, Virgin Radio. Talks were also held which could have led to Border Television and Ulster Television being bought, but they came to nothing.
On 24 March 1999 Mirror Group sold its 18.6% stake in SMG to Granada. During the summer, the STV Group held talks about buying out the other shareholders in GMTV, with Disney believed to be keen on the idea, many city observers believed this was a defensive move to fend off a takeover bid from Granada. By September an agreement had been reached to acquire Guardian Media Group's 15% stake in GMTV for £20 million, but both Carlton and Granada objected to the deal. Guardian Media Group finally concluded in selling off its 15% stake in GMTV for £18m in January 2000, but STV Group only acquired 5% with the remaining 10% going to Carlton and Granada, resulting in each of STV Group, Carlton, Granada and Disney holding 25% of GMTV.
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Wikipedia