Last checked at 27 Apr 2011 07:00
27 April 2011
ITV plc statement regarding STV legal action
ITV plc ("ITV") said today that STV Group plc ("STV") has agreed a wide ranging settlement with ITV and ITV Network over the various ongoing legal actions. All current and proposed legal actions have ceased with immediate effect and the terms of the settlement include an £18m payment by STV to ITV to settle the court claims.
Adam Crozier, ITV Chief Executive, said:
"We are very pleased that this long running legal dispute with STV has been settled by way of an £18m payment to ITV. We look forward to working closely with STV in the future."
- ends -
For further enquiries please contact:
ITV plc
Tel: 020 7157 3000
For further enquiries please contact:
Investor enquiries
Pippa Foulds 020 715 76555
Media enquiries
Mike Large 020 7157 3021
Mary Fagan 020 7157 3965
Website: www.itv.com; investor information: www.itvplc.com