REMINDER: Our user survey closes on Friday, please submit your responses here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksStvg Regulatory News (STVG)

Share Price Information for Stvg (STVG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 250.00
Bid: 249.00
Ask: 256.00
Change: 5.00 (2.04%)
Spread: 7.00 (2.811%)
Open: 250.00
High: 255.00
Low: 249.00
Prev. Close: 245.00
STVG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

STV welcomes publication of draft Media Bill

29 Mar 2023 10:12

RNS Number : 6217U
STV Group PLC
29 March 2023
 

 

NEWS RELEASE

 

 

 

29th March 2023

 

STV welcomes ten-year renewal of Channel 3 licences

and publication of draft Media Bill

 

 

STV welcomes today's announcement by the Secretary of State that its Channel 3 licences can be renewed for a further ten-year period from January 2025.

 

The confirmation that STV's licences for central and north Scotland can be extended secures the provision of public service obligations, including the country's highest performing news and current affairs programmes.

 

STV is Scotland's highest rated peak-time channel reaching 3m people every month with a mix of regional and Channel 3 network programmes including drama, soaps, entertainment and major sporting events.

 

STV also welcomes the publication of the draft Media Bill, including provision to extend the prominence that Public Service Media (PSM) providers are currently entitled to on broadcast platforms to new digital platforms. This will mean that STV Player will be more easily discoverable on connected TVs, streaming sticks and set top boxes.

 

STV's Chief Executive Simon Pitts said:

 

"We welcome confirmation from the Secretary of State that STV's Public Service Broadcasting licences can be renewed for a further ten-year period. STV remains Scotland's most popular peak-time channel and our schedule provides an unrivalled mix of original UK content including drama, soaps, entertainment and live sporting events. STV News, with its unique localised programming has been Scotland's most watched news service for four years in a row and plays a vital role in keeping audiences up to date with trusted news, facts and insight.

 

"As more viewing shifts online, we also welcome publication of the draft Media Bill and in particular the Government's recognition that new legislation is urgently required to make Public Service Media as prominent on digital platforms as they are today on broadcast.

 

"STV looks forward to the swift passage of the Bill through Parliament to ensure that Public Service Media is sustained and strengthened in the future and that the highly valued service we provide to viewers in Scotland remains easily discoverable."

 

Ends.

 

Media Contact: Kirstin Stevenson (STV) |Kirstin.stevenson@stv.tv |07803970106

 

Notes

 

Ofcom recommended that the Channel 3 licences be renewed for a further term in its report to the Secretary of State under s229 of the Communications Act published on 29 June 2022[1]

 

In assessing the commercial sustainability of PSB obligations over the next licence term, Ofcom noted:

 

"This position would be strengthened by implementation of the Government's proposed legislative reforms to establish new prominence and availability rules for PSB online TV services."

 

The Secretary of State has today accepted Ofcom's recommendation and confirmed that she will not intervene to block renewal of the Channel 3 licences

 

STV now has an opportunity to consider the detail of the draft Media Bill and formally apply for renewal of its two Channel 3 licences which must be completed by 30 April 2023. The extended licence term will run until 31 December 2034.

[1] https://www.ofcom.org.uk/tv-radio-and-on-demand/information-for-industry/psb/channel-3-and-channel-5-relicensing

 

 

 

 

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 or visit 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.
 
END
 
 
MSCMZGZFLLGGFZG
Date   Source Headline
11th Nov 20225:04 pmRNSGrant of options under sharesave scheme
21st Oct 202212:03 pmRNSDirector/PDMR Shareholding
19th Oct 202210:50 amRNSE4 commission for STV Studios' Primal Media
17th Oct 20229:55 amRNSHolding(s) in Company
21st Sep 20229:25 amRNSSTV Group plc Investor Presentation -Investor Meet
8th Sep 20222:42 pmRNSSTV to present at Shares/AJ Bell investor event
6th Sep 20227:00 amRNSHalf Year Results
4th Aug 202210:55 amRNSSTV Player partners with Acorn TV
3rd Aug 202210:10 amRNSSTV Studios secures two new series of hit BBC quiz
2nd Aug 20222:14 pmRNSSTV secures 58 episode commission from Really
20th Jul 202211:16 amRNSNotice of Results
27th Jun 20227:30 amRNSChannel 5 Commissions new daytime series from STV
20th Jun 20222:13 pmRNSUpdated guidance for STV Studios
7th Jun 202210:15 amRNSSTV Studios wins drama recommission from Channel 4
1st Jun 202211:00 amRNSSTV Group provides notice of Capital Markets Event
21st Apr 20224:26 pmRNSResult of AGM
5th Apr 202211:48 amRNSHolding(s) in Company
30th Mar 202211:43 amRNSNotice of AGM: correction
25th Mar 20221:03 pmRNSInvestor Presentation
24th Mar 20224:21 pmRNSAnnual Financial Report
11th Mar 20222:22 pmRNSDirector/PDMR Shareholding
10th Mar 20224:11 pmRNSUpdated dividend record date
9th Mar 20227:01 amRNSSTV Studios boosts expanding producer portfolio
9th Mar 20227:00 amRNSSTV Group plc Full Year Results for 2021
8th Mar 20228:37 amRNSHolding(s) in Company
8th Feb 20222:37 pmRNSBarefaced TV to produce new format for discovery+
8th Feb 20221:24 pmRNSNotice of Results
4th Feb 20221:12 pmRNSDirector/PDMR Shareholding
28th Jan 202210:10 amRNSDirector/PDMR Shareholding
26th Jan 20222:21 pmRNSDirector/PDMR Shareholding
10th Dec 20211:12 pmRNSHolding(s) in Company
1st Dec 20217:00 amRNSSTV on track for record year in advertising
11th Nov 20211:51 pmRNSHolding(s) in Company
5th Nov 202111:00 amRNSSTV provides notice of mini-Capital Markets Event
27th Oct 20219:40 amRNSHolding(s) in Company
14th Oct 20219:26 amRNSHolding(s) in Company
6th Oct 20217:00 amRNSPension scheme valuation agreement
9th Sep 20217:01 amRNSAcquisition of Hello Mary
9th Sep 20217:00 amRNSHalf Year Results
26th Aug 20217:00 amRNSDivestment of STV external lottery company
12th Aug 20217:00 amRNSNotice of Results
27th Jul 202110:46 amRNSDirector Declaration
15th Jul 20217:02 amRNSSTV Player signs biggest-ever content deal
15th Jul 20217:00 amRNSTrading Update
8th Jun 20212:44 pmRNSHolding(s) in Company
8th Jun 20217:00 amRNSAppointment of Joint Broker
14th May 20213:54 pmRNSDirector/PDMR Shareholding
10th May 20211:38 pmRNSHolding(s) in Company
29th Apr 20214:19 pmRNSResult of AGM
29th Apr 20217:00 amRNSTrading Statement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.