SMG divisions suffer fall in profits

SMG, the owner of Scottish TV, Grampian TV and Virgin Radio, has recorded a 28% slump in pre-tax profits for 2003, pulling in£17.5m compared to£24.2m in 2002. Turnover from continuing operations fell 6% from£199.8m in 2002 to£188.2m in 2003. Turnover from STV and Grampian fell by 5% and total revenue ...

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