Page last updated at 11:23 GMT, Tuesday, 23 September 2008 12:23 UK

Scottish media group changes name

smg logo
The change of name from SMG reflects a focus on the group's TV business

Scottish media company SMG has approved plans to change its name to stv group.

The media firm, which sold Virgin Radio in May, said it wanted to concentrate on its TV channel STV, the ITV station in Central and Northern Scotland.

An extraordinary general meeting agreed the name change along with a plan to buy back up to 40m in stock.

The company also announced that its Pearl & Dean cinema advertising arm had landed a deal to handle the advertising for Showcase Cinemas.

The Pearl & Dean titles will now appear in just under half of UK cinema sites.


SEE ALSO
SMG concentrates on TV business
31 May 08 |  Scotland
Virgin Radio sold to Indian group
31 May 08 |  Scotland
SMG seeks investors to cut debts
06 Nov 07 |  Scotland
SMG puts businesses on the market
27 Jun 07 |  Scotland
SMG and Ulster TV talks shelved
28 Feb 07 |  Glasgow, Lanarkshire and West
UTV scraps plans for SMG merger
20 Sep 06 |  Business
SMG puts Pearl & Dean up for sale
13 Sep 06 |  Business
Virgin Radio firm rejects merger
29 Aug 06 |  Business
Scottish Media Group head resigns
18 Jul 06 |  Scotland

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