Bussiness
STV chief signs off with rise in interim profits
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STV/ITV
1. The outgoing chief executive of STV has signed off with a rise in interim profit and a record-value production pipeline.
Simon Pitts believes he is leaving the Scottish media group “in a good place” before joining Global, the radio firm, next year.
STV’s revenue in the first six months of the year increased by 20 per cent to £90.4 million with an improvement in advertising alongside growth in STV Studios.
The value of the forward order book in the production arm is £101 million with shows such as Blue Lights, Criminal Record and The Fortune Hotel all being recommissioned.
There were also strong viewing figures on traditional
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