STV a player once again

by Apr 23, 2012 No Comments

Broadcaster STV has achieved a remarkable turnaround after facing bankruptcy four years ago.

It has been commissioned by BBC Two to deliver 20 episodes of a celebrity version of the hit series Antiques Road Trip. It follows the announcement earlier this year of a two-year deal to produce 120 episodes of Road Trip for the corporation.

STV Productions has also been commissioned by BBC Three to pilot a new panel show and is developing a historical drama series, Wallace, with partner companies in London and Los Angeles.

The deals symbolise a creative and financial resurgence for the holder of the central and north of Scotland franchises.

At the beginning of 2007 the company was months away from going into administration. Its chief executive and board of directors had resigned after years of costly and ill-judged acquisitions.

In the face of a developing recession, a new board and chief executive embarked on a turnaround plan. Peripheral businesses were sold as they focused on its core; television.

At the same time it successfully embraced the digital revolution, making its content available across the growing number of platforms.

In a statement to the City last week, Rob Woodward, chief executive of STV Group plc, said: “We are making good progress across our strategic growth areas and we have recently confirmed the agreement of new networking arrangements with ITV.

“At this early stage of the year, STV Productions is performing well and has secured further commissions.

“In addition, our digital services continue to deliver strong growth.

At the beginning of next month we will launch our new look STV City sites in Glasgow and Edinburgh.”

Will Peakin Will Peakin

Beginning as a reporter on weekly newspapers in the North-East of England, Will moved to Glasgow and worked as a freelance for a number of UK national newspapers. In 1990 he was appointed News Editor of Scotland on Sunday and in 1995, Scotland Editor of The Sunday Times. In 1999, he and his family moved to the south-west of France where he wrote for The Sunday Times Magazine. Returning to Scotland in 2002, he was Assistant Editor (Features) and Deputy Editor at The Scotsman before joining Holyrood Magazine in 2004. He writes for the magazine's business pages and edits its series of...

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