Business UK

ITV earnings fall as promoting income slips

ITV

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ITV has reported a 14% fall in annual pre-tax earnings to £553m as promoting revenues declined by three%.

The UK’s greatest industrial broadcaster stated it continued to rebalance and strengthen the enterprise and blamed “wider political and financial uncertainty” for promoting falls.

It hailed a 13% enhance in income from the ITV Studios division.

Underlying pre-tax revenue was up barely on the 12 months, from £843m to £847m.

Complete viewing throughout its channels rose by 1% final 12 months, with the share for the primary ITV channel growing from 15% to 15.four%.