The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 250.00
Ask: 257.00
Change: 3.50 (1.40%)
Spread: 7.00 (2.80%)
Open: 250.00
High: 250.00
Low: 250.00
Prev. Close: 250.00
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
10th Sep 201912:20 pmRNSHolding(s) in Company
3rd Sep 201911:14 amRNSSTV ANNOUNCES NEW PARTNERSHIP WITH PREMIER SPORTS
3rd Sep 20197:00 amRNSSTV Group plc Half Year Results 2019
2nd Sep 20194:40 pmRNSSecond Price Monitoring Extn
2nd Sep 20194:35 pmRNSPrice Monitoring Extension
30th Aug 20194:35 pmRNSPrice Monitoring Extension
28th Aug 201912:07 pmRNSSecond Price Monitoring Extn
28th Aug 201912:02 pmRNSPrice Monitoring Extension
27th Aug 20193:59 pmRNSHolding(s) in Company
27th Aug 201912:07 pmRNSSecond Price Monitoring Extn
27th Aug 201912:02 pmRNSPrice Monitoring Extension
23rd Aug 201912:07 pmRNSSecond Price Monitoring Extn
23rd Aug 201912:02 pmRNSPrice Monitoring Extension
19th Aug 201912:07 pmRNSSecond Price Monitoring Extn
19th Aug 201912:02 pmRNSPrice Monitoring Extension
16th Aug 201912:07 pmRNSSecond Price Monitoring Extn
16th Aug 201912:02 pmRNSPrice Monitoring Extension
14th Aug 20191:11 pmRNSNotice of Results
9th Aug 201912:07 pmRNSSecond Price Monitoring Extn
9th Aug 201912:02 pmRNSPrice Monitoring Extension
31st Jul 20194:04 pmRNSHolding(s) in Company
18th Jul 20194:09 pmRNSHolding(s) in Company
18th Jul 201912:07 pmRNSSecond Price Monitoring Extn
18th Jul 201912:02 pmRNSPrice Monitoring Extension
9th Jul 20193:46 pmRNSHolding(s) in Company
2nd Jul 20199:53 amRNSHolding(s) in Company
1st Jul 201910:22 amRNSHolding(s) in Company
26th Jun 20197:00 amRNSSTV BECOMES MAJORITY INVESTOR IN PRIMAL MEDIA
26th Jun 20197:00 amRNSPLANNED CAPITAL MARKETS EVENT
30th May 20194:23 pmRNSGrant of LTIP
21st May 20199:00 amRNSLindsay Dixon appointed as Chief Financial Officer
16th May 20194:18 pmRNSHolding(s) in Company
13th May 20194:55 pmRNSHolding(s) in Company
2nd May 201912:48 pmRNSSTV LAUNCHES FIRST REGIONALISED HD SERVICE ON SKY
23rd Apr 201912:43 pmRNSResult of AGM
23rd Apr 20197:00 amRNSAGM Trading Update for Q1
18th Apr 20194:39 pmRNSDirector/PDMR Shareholding
18th Apr 20199:03 amRNSStatement re Triennial Valuation settlement
16th Apr 201912:07 pmRNSSTV PRODUCTIONS HIRES CREATIVE DIRECTOR, FACTUAL
8th Apr 20194:42 pmRNSHolding(s) in Company
3rd Apr 20194:41 pmRNSSecond Price Monitoring Extn
3rd Apr 20194:35 pmRNSPrice Monitoring Extension
2nd Apr 20193:33 pmRNSBumper order for STV Productions
21st Mar 20194:42 pmRNSAnnual Report & Accounts 2018
14th Mar 20193:43 pmRNSHolding(s) in Company
13th Mar 201912:55 pmRNSDirector/PDMR Shareholding
12th Mar 20194:35 pmRNSHolding(s) in Company
5th Mar 20191:13 pmRNSSTV Player secures additional new content partners
28th Feb 20197:15 amRNSSTV PRODUCTIONS APPOINTS WME AS DISTRIBUTION AGENT
28th Feb 20197:00 amRNSSTV Group plc Full Year Results 2018

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.