Scottish TV/Allied Radio Results

Scottish TV has reported results for 1993. Pre-tax profits are up 21% to £13m, despite a reduction in its share of advertising revenue from 5.52% to 5.35% Shares had fallen by 21p at 13:00 to 483p. Advertising revenue was hit becuase of a dispute with Unilever, which refuses to deliver business because of a row over price. Managing Director Gus Macdonald said that 1993 was the fourth year in a row in which there was virtually no growth in ITV advertising revenue, trade being affected by the recession in High Street spending. The increase in profits was achieved by jobs and cost cutting. The row with Unilver is also affecting other ITV stations, including Granada, because Unilever want a bigger discount.