STV Group PLC Statement re Airtime Sales Agreement (8427S)
28 December 2016 - 8:00PM
UK Regulatory
TIDMSTVG
RNS Number : 8427S
STV Group PLC
28 December 2016
28 December 2016
STV Group plc
Statement re Airtime Sales Agreement
STV Group plc today announces that agreement has been reached
with ITV plc on an amendment to the Airtime Sales Agreement which
covers airtime and sponsorship sales.
This updates the terms of the Agreement that has been in place
since 2000. The duration of the amended agreement has been extended
from a rolling 5-year term to an 8-year term.
Rob Woodward, Chief Executive Officer, said: "Following a market
review we are pleased to have concluded the terms of an amended
Airtime Sales Agreement with ITV. This represents a modernised
trading arrangement designed to support our multi-product
commercial offering. This simplifies our relationship with ITV and
will provide increased efficiency, transparency and stability for
the management of our airtime and sponsorship sales in the long
term."
Kelly Williams, ITV's Managing Director of Commercial, said: "We
have a long-standing relationship with STV and we look forward to
continuing with our successful partnership."
Ends
Enquiries:
STV Group plc
Eleanor Marshall, PR & Communications Manager
Tel: 0141 300 3670
This information is provided by RNS
The company news service from the London Stock Exchange
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