Interim Management Statement

7 November 2008

stv group plc
Interim Management Statement - Quarter 3


stv  group  plc  today  releases  its  Interim  Management  Statement
covering the period from 28 August to 7 November 2008.


Trading continues to meet Board  expectations and the business is  on
track to meet its full year  2008 targets.  We have a strong  balance
sheet with  committed  bank  facilities  which  provide  considerable
headroom and mature in December 2012.


For the ten month period ended 31 October 2008:

  * Regional airtime sales were up 13% with similar growth forecast
    to continue in November and December;

  * National airtime sales were down 7% in line with the ITV
    Network.  Revenues in November and December are forecast to be
    down 12%;

  * Ventures digital revenues were up 23% with the full year expected
    to be up by a similar amount;

  * Pearl & Dean revenues were down 11% with November and December
    expected to be up 28%.  Pearl & Dean has won a major contract
    with Showcase from October 2008, increasing its cinema
    advertising market share by one third to 34%.


With the uncertain  economic outlook, trading  conditions across  the
ITV Network  are  likely  to  remain challenging  in  2009  with  the
national airtime market down  6% and the ITV  Network some 6%  behind
this due to CRR.  As in  2008, we expect a stronger performance  than
this from our regional  sales team who are  not constrained by  CRR.
Our growth plans  for Ventures and  Content remain in  line with  our
KPIs.  We will continue to maintain our strong focus on reducing  the
cost base of the business which has benefited this year with  further
savings being identified for 2009.


Since our interim results in August, we have continued to deliver  on
our promises and have completed the following:

  * the return of £30 million to shareholders by way of a tender
    offer;

  * the change of company name to stv group plc, reflecting the focus
    on television;

  * a 1 for 20 share consolidation process.


We also confirm today that stv's senior management structure has been
enhanced to reflect  the business'  strategy and  priorities for  the
business. The  team reports  directly  to Rob  Woodward and  will  be
structured as follows:


  * George Watt, CFO, stv group plc;

  * Anmar Kawash, becomes Chief Operating Officer (previously
    Director of Strategy and Planning);

  * Bobby Hain will be Director of Broadcast Services and Regulatory
    Affairs (previously MD of Broadcasting) providing an increased
    focus on stv's position regarding Ofcom's PSB Review;

  * David Brook, who has worked previously with Channel 4, five and
    the Guardian newspaper, joins the leadership team on an interim
    basis as Director of Programmes and Marketing, with
    responsibility for the stv brand and regional programming;

  * David Connolly joins the leadership team as stv's Commercial
    Director;

  * Suzanne Burns, HR Director;

  * Alan Clements, Director of Content;

  * David Archer, MD of Ventures; and

  * Kathryn Jacob, MD of Pearl & Dean.


Rob Woodward,  CEO of  stv  group plc  said:  "We are  continuing  to
perform robustly despite  the current  challenging market  conditions
and the transformed stv is now in a financially strong position. With
an enhanced management structure in  place and well defined KPIs,  we
remain on track to deliver on our strategy and to meet our KPIs."

Ends.


Enquiries:

stv group plc

Rob Woodward, Chief Executive

George Watt, Chief Financial Officer

Kirstin Elsby, PR Manager                               0141 300 3670


Brunswick

James  Hogan   /   Simon   Sporborg   /   Ash           020 7404 5959
Speigelberg

---END OF MESSAGE---




This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.