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Read this: STV profits fall 84% |Media |guardian.co.uk

Summary: As a group, STV reported a 35 fall in revenue, from 75.6m to 48.8m, and an 84 fall in pre-tax profits from 4.5m to 700,000 in the first six months. Operating profit fell 61 to 2.2m while earnings before interest, tax, depreciation and amortisation fell 45 to 3.6m. The company said that the decline was partly due to the sale, in June last year, of Virgin Radio, which had revenue of 11.3m and operating profit of 1.1m in the first half of 2008. - guardian.co.uk

Read full article: www.guardian.co.uk link icon  STV profits fall 84% |Media |guardian.co…



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