ITV share price opens at five-month high on profit and World Cup ad revenue surge July 30, 2014 Shares in ITV opened 1.4 per cent higher this morning hitting a five-month high after the broadcaster reported a rise in pre-tax profit of 40 per cent to £250m from £179m for the first half of the year. Revenue of £1.23bn beat analyst expectations with the World Cup and Easter providing a second-quarter boost for [...]
ITV share price soars as Liberty Global picks up £481m stake July 17, 2014 Liberty Global, the owner of large swathes of European cable TV infrastructure including Virgin Media, yesterday bought a 6.4 per cent stake in ITV from BSkyB for £481m. ITV’s shares rose 6.15 per cent yesterday on hopes that Liberty might look to make a wider bid for the rest of the broadcaster’s stock. [...]
ITV share price skyrockets as Liberty Global pays £481m for stake July 17, 2014 It seems to be the season for media dealmaking; as 21st Century Fox courts Time Warner, Liberty Global has paid out £481m for a minority stake in ITV. The cable company announced on Thursday that it had acquired the stake from BSkyB and now owns a 6.4 per cent share of the UK's biggest commercial [...]
ITV’s shrinking audience share scares investors May 14, 2014 BROADCASTER ITV saw its audience share fall to 21.6 per cent from 23.4 per cent a year ago during the first four months of the year, but chief executive Adam Crozier said a stronger line up of shows, including the start of the World Cup finals in June, would help it recover lost viewers. ITV’s [...]
London Report: FTSE hits brakes ahead of 14-year high as ITV drops May 14, 2014 THE FTSE 100 steadied near a 14-year high yesterday, despite broadcaster ITV falling 5.7 per cent after seeing its market share drop in the first four months of the year. ITV’s second-quarter guidance for net advertising revenue was just short of their 14 per cent forecast. The London index ended 0.08 per cent higher at [...]
ITV set to deliver first pay channel in June May 14, 2014 Broadcaster ITV has seen its total external revenues climb two per cent to £585m for the three months ended 31 March, with ITV Studios on course to deliver good revenue growth over the full year. The broadcaster said it was on track to launch ITV Encore in June, which will be followed by its new [...]
ITV makes $360m push into original reality TV May 7, 2014 BROADCASTER ITV continued its push into original content yesterday with the $360m (£212.2m) acquisition of a stake in Leftfield Entertainment – the producer of hit US reality TV shows including Pawn Stars, Real Housewives of New Jersey and American Restoration. The acquisition comes as ITV chief executive Adam Crozier finds himself in increasing hot water [...]
Why is ITV investing in Pawn Stars? May 7, 2014 Over the last 12 months ITV has spent nearly £300m on buying six television producers in a push to bolster its content creation arm, ITV Studios. Today the studio took an 80 per cent stake in Leftfield – the producer behind hit US reality TV shows including Pawn Stars, Real Housewives of New Jersey, and [...]
ITV Studios set to push new shows overseas April 28, 2014 ITV STUDIOS, the broadcaster’s production arm, is preparing to go head-to-head with the BBC in a battle for lucrative international sales of its original content. ITV’s Mr Selfridge has been sold to more than 150 countries and now the broadcaster is hoping to follow the success with two more 13-episode series designed to appeal to [...]
ITV boss Adam Crozier sees pay rocket to £8.4m March 20, 2014 ITV CHIEF executive Adam Crozier’s pay nearly trebled last year to £8.36m, from £2.9m a year earlier. The majority of the windfall was due to a share-based joining award from 2010 which has soared in value to £4m in line with the broadcaster’s fortunes under Crozier. “The level of vesting of both awards reflects the [...]