Menu
09/03/2005
ITV profits rocket despite dwindling audience share
ITV plc has reported a 57% rise in profits at the end of the first full year since it was spawned from the merger of Granada and Carlton - pre-tax profits for the group were £340 million.
ITV 1, the central plank of the regional broadcasters business, has seen its audience share fall by 2% over all, but a £120 million efficiency drive has helped pare down costs.
Charles Allen, Chief Executive of ITV said: “ITV has had an outstanding first year, delivering substantial growth in turnover which combined with cost savings has delivered a 49% increase in pro forma operating profit. We have built a vibrant multichannel proposition and have a clear strategy for future growth.”
The stronger than expected results for ITV as a whole are due to the success of digital channels ITV2 and ITV3, and an impressive 4.7% growth in advertising revenue.
(GB)
ITV 1, the central plank of the regional broadcasters business, has seen its audience share fall by 2% over all, but a £120 million efficiency drive has helped pare down costs.
Charles Allen, Chief Executive of ITV said: “ITV has had an outstanding first year, delivering substantial growth in turnover which combined with cost savings has delivered a 49% increase in pro forma operating profit. We have built a vibrant multichannel proposition and have a clear strategy for future growth.”
The stronger than expected results for ITV as a whole are due to the success of digital channels ITV2 and ITV3, and an impressive 4.7% growth in advertising revenue.
(GB)
Related UK National News Stories
Click here for the latest headlines.
13 May 2004
SMG settles differences with ITV over digital rights
Following the recent sale of the Scottish Media Group's (SMG) 25% GMTV stake to ITV plc, the two companies have reached an agreement on the use of the ITV brand name and the use by ITV plc of SMG's digital spectrum in Scotland.
SMG settles differences with ITV over digital rights
Following the recent sale of the Scottish Media Group's (SMG) 25% GMTV stake to ITV plc, the two companies have reached an agreement on the use of the ITV brand name and the use by ITV plc of SMG's digital spectrum in Scotland.
21 November 2006
ITV rejects merger approach by NTL
The Board of ITV has rejected a merger proposal from NTL as one with "little strategic logic." In a statement, the Board said it believed that "whereas there is obvious appeal to NTL in gaining control of ITV's substantial and successful business, from ITV's perspective there is little, if any, strategic logic for ITV to combine with NTL.
ITV rejects merger approach by NTL
The Board of ITV has rejected a merger proposal from NTL as one with "little strategic logic." In a statement, the Board said it believed that "whereas there is obvious appeal to NTL in gaining control of ITV's substantial and successful business, from ITV's perspective there is little, if any, strategic logic for ITV to combine with NTL.
30 October 2009
New Look For ITN
ITV News will unveil a new look across all of its national programmes from Monday, which will be supported by a major on and off-air marketing campaign promoting news throughout the schedule.
New Look For ITN
ITV News will unveil a new look across all of its national programmes from Monday, which will be supported by a major on and off-air marketing campaign promoting news throughout the schedule.
02 February 2004
ITV shares now trading on London Stock Exchange
ITV plc, the company formed by the merger of Carlton and Granada, has launched its shares on the London Stock Exchange. All dealing in Carlton and Granada shares closed on Friday, while ITV plc shares opened at 141 pence, reaching 146.25p by 4pm.
ITV shares now trading on London Stock Exchange
ITV plc, the company formed by the merger of Carlton and Granada, has launched its shares on the London Stock Exchange. All dealing in Carlton and Granada shares closed on Friday, while ITV plc shares opened at 141 pence, reaching 146.25p by 4pm.
08 March 2006
ITV unveils profits rise
Commercial television broadcaster ITV plc has announced a 36% rise in profits. The company announced that profits rose to £452 million, despite a fall of 3.3% to £1.5 billion in advertising revenues at its flagship ITV1 channel. However, growth at ITV2 and ITV3 helped to push overall advertising revenues up 2.7%.
ITV unveils profits rise
Commercial television broadcaster ITV plc has announced a 36% rise in profits. The company announced that profits rose to £452 million, despite a fall of 3.3% to £1.5 billion in advertising revenues at its flagship ITV1 channel. However, growth at ITV2 and ITV3 helped to push overall advertising revenues up 2.7%.
-
Northern Ireland WeatherToday:Very windy with persistent and occasionally heavy rain at first, becoming drier with the wind easing towards midday. Mainly dry with bright spells increasing during the afternoon. Milder than of late. Maximum temperature 14 °C.Tonight:Cloudy with clear spells, mainly dry evening becoming windy with rain at times from late evening. Turning drier with clear spells towards morning. Milder than of late. Minimum temperature 2 °C.
