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LONDON (Alliance News) - STV Group PLC said Wednesday it remained on track to achieve growth targets in 2013 as it saw trading in line with forecasts across its business for the year-to-date ended October 30.
Advertising Revenues were in line with expectations and up 6%, STV said. It expects advertising revenues to continue ahead of the market, up 5% in the year-to-date end of November. Digital Business continued to grow, with digital revenues performing strongly. STV said that it expects digital revenues to be up 21% in the year-to-date end of November.
STV productions also announced a new commission for a quiz show called 'The Lie', which it will co-produce with GroupM Entertainment for Irish broadcaster TV3.
"We remain on track to achieve our growth targets in 2013 and continue to make strong progress in delivery of our strategy to grow non-broadcast earnings," said Chief Executive Officer Rob Woodward in a statement.
Shares in the television programme producer and broadcaster were trading down 2.4% at 315.60 pence Thursday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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