The company’s recovery expert who presided over the rupture and sale of the street, the currency printer of the Banque d’Engleterre, must take the bar of the Scottish Broadcaster Stv group in difficulty.
Sky News has learned that Clive Whaty must be parachuted as a new president of STV, whose production company of two cities is responsible for the successful BBC police tragedy Blue Lights.
An announcement could happen as soon as the half -yearly results of the media group on Thursday evening, an initiate of the city announced on Wednesday evening.
Sources close to one of the main STV investors said that Mr. Whiley had been invited to consider playing the role in the middle of the growing concern about his performances.
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He should replace Paul Reynolds, the former general manager of BT wholesale BT who chaired STV since 2021.
The STV group’s shares have dropped more than 50% in the past year, leaving a market capitalization of just over 54 million pounds to the company.
The largest shareholders of the company include Slater Investments and Aberforth Partners.
Mr. Whiley remains president of Mothercare, the retailer on the side, and Griffin Mining, who is also quoted on the London Stock Exchange.
Earlier this year, he supervised the sale of street business in Atlas Holdings, a investor in investment-based in the United States, for more than 260 million pounds Sterling.
Combined with the product of the previous sale of its authentication activities, eliminations have considerably exceeded the expectations of investors.
If he is confirmed in the STV role as planned, Mr. Whiley will have another difficult recovery work in his hands.
In July, the company which holds the ITV license in certain parts of Scotland issued a dark profit warning, affirming that “due to a new deterioration in the commissioning and advertising markets towards the end of (the first half of the financial year) and (the second half), our expectations for ancient income and the adjusted operational profits should be considerably below consensus”.
RUFUS RADCLIFFE, CEO of STV, said in the same declaration: “The deterioration of the macroeconomic backdrop continues to reduce the confidence of companies on the two markets in which we operate.
“We make good progress in the combination and rationalization of our broadcasting and digital companies in a new audience division, and to launch plans for the creation of our radio station is going well, with key meetings and infrastructure plans in advance.”
He added that the delivery calendar of his Arm studios had been struck by the British commissioning market, “which was still weakened at the end of H1 and in the second half”.
“However, in addition to winning new and repeated business in H1, we have finished production on key titles with International Appeal Appeal, including the high -end Amadeus drama for Sky and a third series of blue lights for BBC One, with the second series of the Fortune hotel broadcast on ITV and STV this summer – and our development pipeline is solid.”
STV has evolved considerably from its origins in the 1950s, after changing its business name several times since.
It has assets covering the newspaper, advertising and radio.
On Wednesday, the title closed just under 112p, down more than 3% over the day.
A STV spokesperson refused to comment.