STV posts a large loss after Studios impairment

STV’s ($STVG) first-half pre-tax loss widened to £22.7 million from £0.2 million a year earlier, as revenue fell 27% to £66.1 million. The result included a £25.4 million non-cash impairment of Studios assets. The company maintained its target of achieving £8 million in annualised cost savings by the end of 2026.

Sources:

• Alliance News / AJ Bell — STV results