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Old 05-03-2013, 17:35   #2068
jj20x
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Re: Coming Soon to Virgin TV (2013) Vol. 1.

Quote:
Originally Posted by Media Boy View Post
Are they???

In their 2012 results STV reveal that STV have got £45.3m of net debt.

So that why I was thinking 'If they sold Channel 3 to ITV plc' for.

http://www.londonstockexchange.com/e...entId=11494528
They have an operating profit with debt reducing year on year. It really depends what the debt was used for, debt can be used to fund investment to increase or maintain profitability. I wouldn't say there's anything in those figures that would suggest that STV would want to offload their ITV regional franchises.