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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)
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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%.
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