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Last Updated: Tuesday, 18 July 2006, 16:44 GMT 17:44 UK
Scottish Media Group head resigns
Andrew Flanagan
Andrew Flanagan had been chief executive of SMG for a decade
The head of the media company which owns STV and Virgin Radio has resigned.

Andrew Flanagan had been chief executive of Scottish Media Group for a decade.

A company statement said the resignation was mutually agreed with the company's board. Donald Emslie has been appointed acting chief executive.

SMG's share price reached its lowest ever level recently at about 75p, a fraction of what the stock was worth a few years ago.

Mr Flanagan had attempted to turn SMG into a multi-media company, buying The Herald newspapers - which were later sold off to Newsquest.

Chris Masters, SMG's chairman, thanked Mr Flanagan "for his role in restructuring the shape of SMG and helping position the group for future growth".


SEE ALSO
SMG fades out Grampian TV brand
30 May 06 |  North East/N Isles
SMG in newspaper deal
23 Dec 02 |  Scotland
Profits tumble at SMG
18 Apr 02 |  Scotland

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