ITV and STV agree settlement
April 27, 2011
ITV has reported that STV Group has agreed a wide ranging settlement with ITV and ITV Network over the various ongoing legal actions. All current and proposed legal actions have ceased with immediate effect and the terms of the settlement include an £18 million (€20.3m) payment by STV to ITV to settle the court claims.
Adam Crozier, ITV Chief Executive, said: “We are very pleased that this long running legal dispute with STV has been settled by way of an £18 million payment to ITV. We look forward to working closely with STV in the future.”