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☆ UK's ITV commissions review after presenter resignation row
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

LONDON, May 31 (Reuters) - British broadcaster ITV (ITV.L) has commissioned an external review of presenter Phillip Schofield's resignation, the company said on Wednesday, after the 61-year-old admitted to lying about a relationship with a young worker. The probe was first reported by PA Media on Wednesday. "As you would expect we take the matter extremely seriously and have reviewed our own records over the weekend," a letter sent by McCall to government said, PA Media reported. The letter was sent to Ofcom, the broadcast regulator, and culture minister Lucy Frazer, PA Media reported. It said ITV had instructed a senior barrister to "carry out an external review to establish the facts".

Persons: Phillip Schofield's, Schofield, Carolyn McCall, McCall, Lucy Frazer, Paul Sandle, William James, Aurora Ellis Organizations: ITV, PA Media, Britain's, Ofcom, Thomson Locations: British, Britain

The business has been valued at as much as 3 billion pounds ($3.7 billion), according to analysts. "But we do see a pathway whereby, via consolidation, ITV may be able to simultaneously both demonstrate and create value from ITV Studios," they said. ITV built up its Studios production business in the last decade to reduce its reliance on the British advertising market and tap into rising global demand for content. Revenue in the nine months to end-September rose 16% to 1.39 billion pounds ($1.71 billion). That would imply a valuation of about 3 billion pounds, in line with analysts' calculations and nearly as much as ITV's total market value of 3.27 billion pounds.

☆ ITV says new streaming service ITVX performing strongly
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: 1 min

LONDON, Jan 13 (Reuters) - British broadcaster ITV (ITV.L) said its new streaming service ITVX delivered a 55% increase in its streaming hours in its first month boosted by the soccer World Cup, and advertisers were responding well to the platform. "Excluding the football, our underlying streaming viewing during the month was up 29% year on year and we continue to see strong year on year growth in January," ITV's chief executive Carolyn McCall said in a statement on Friday. Reporting by Sarah Young, edited by Farouq SuleimanOur Standards: The Thomson Reuters Trust Principles.

☆ UK broadcaster ITV forecasts slightly lower ad revenue in 2022
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

LONDON, Nov 9 (Reuters) - British broadcaster ITV (ITV.L) forecast slightly lower ad revenue for 2022 despite a FIFA World Cup boost in the key Christmas quarter, as it warned on the high degree of economic uncertainty. ITV, the home of ratings hit "I'm a Celebrity... Get Me Out of Here", said ad revenue for the full-year 2022 is expected to be down between 1% and 1.5% on 2021, which was a record year. Ad revenue for the nine months to end-Sept fell 2%, a slowdown from the half-year reflecting weaker advertising in the summer compared to 2021 when the Euro Football Championship was delivering record audiences. ITV, which has a Studios production arm as well as its broadcast and digital businesses, said on Wednesday that while the World Cup would help ad revenue in November and December, economic uncertainty could impact corporate ad spend. This year's soccer tournament is unusual as it is taking place in the northern hemisphere's winter, rather than summer.

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