Advertising slump rocks STV as 'deteriorating' economic conditions push back TV projects
Shares in the Scottish media firm plunged by about a quarter yesterday following the update.
The firm said it was expecting full-year revenue and adjusted operating profit to be 'materially below' a consensus of analysts.
Nevertheless, it highlighted strong progress within its scripted labels with current projects including for Netflix, Apple, Sky and the BBC.
Rufus Radcliffe, STV's chief executive, said production had finished on 'key titles with international appeal, including high-end drama Amadeus for Sky and a third series of Blue Lights for BBC One'.
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