ITV PLC Statement on STV Litigation

RNS Number : 5191F

ITV PLC

27 April 2011

 



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."

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