ITV’s total revenue leapt six per cent to £1.38bn, helped by growth in broadcast and online advertising as well as original content sales from its ITV Studios division which generated £402m. Profits hit £250m during the first half of the year to 30 June.
“We see clear opportunities for growth across the business – in content, online, pay and advertising and there will be an increasing emphasis on international content creation and distribution,” said chief executive Adam Crozier.
London-based Liberty Global, the European cable operator and owner of Virgin Media, bought a 6.4 per cent stake in ITV earlier his month from satellite broadcaster BSkyB, leading to speculation that Liberty could mount a takeover bid.
ITV’s shares closed 0.24 per cent at 204.50p.