TV
SMG, the company formerly known as Scottish Media Group, announced today that pre-tax profits for the first half of this year have jumped 25% to over £30m, up from £24m in the same period last year. Strong performance from recent acquisitions Ginger Television and Virgin Radio was credited with adding an extra £7.5m to the group's operating profits.
CEO Andrew Flanagan had this to say about SMG's future:
"The board wishes to ensure that the company is able to finance and execute new investment and acquisition opportunities quickly, enabling it to compete more effectively in a rapidly consolidating market-place."
To this end, he announced that SMG plans to raise somewhere in the region of £45m via a share placing, in order to write down the group's £245m of debt; and also to accomplish the aims outlined above.
CEO Andrew Flanagan had this to say about SMG's future:
"The board wishes to ensure that the company is able to finance and execute new investment and acquisition opportunities quickly, enabling it to compete more effectively in a rapidly consolidating market-place."
To this end, he announced that SMG plans to raise somewhere in the region of £45m via a share placing, in order to write down the group's £245m of debt; and also to accomplish the aims outlined above.
Tube Talk
'Skins': Dakota Blue Richards on what's nextSkins's Dakota Blue Richards chats about her episode and what's still to come.
TV Interviews
'Unforgettable' Poppy Montgomery interviewPoppy Montgomery chats to Digital Spy about her role in Unforgettable.
Reality Bites
Does Simon Cowell have new SuBo?: VideoWatch a clip of Jonathan Antoine, who is tipped for success on BGT.
TV Ratings
'Dancing on Ice' slips to record lowITV1's Dancing on Ice is dented by BBC One's Call The Midwife and Countryfile.
