ITV revenues remain stable
Overall revenues at ITV were £1.9bn (2bn) compared with £2bn a year earlier. The broadcaster reported an adjusted profit of £108m, a 4% decrease year-on-year.
Interim CEO John Creswell was bullish. He said: ÂWe won back share of the TV advertising market, grew our audiences in peak time and online, and increased our international production presence. We took out costs of £169m, substantially reduced our headcount and lowered net debt by over £100m. Adam Crozier will take over as CEO next month.
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