Strong ITV Studios Performance Offsets Revenue Decline at British Broadcaster

X Factor 2017

X Factor 2017

United Kingdom broadcaster ITV has reported nine-month results in line with expectations, with total external revenue down 1 percent to GBP 2.13 billion, from GBP 2.15 billion in the nine months to 30 September 2016.

Broadcaster ITV has cheered improvements in under-pressure television advertising revenues and forecast a return to growth by the end of the year.

ITV Studios is expected to report "good organic revenue growth with profit broadly in line with last year" for the year while online and pay will "deliver good revenue growth".

He added: "We've seen improving trends in all our key revenue lines in the quarter and we're on track to deliver on the commitments we set out at the start of the year".

ITV also has a joint venture with the BBC called Britbox: a streaming service for British TV aimed at the American market. "We are now seeing a return to TV advertising from some of the FMCGs and grocers although wider corporate confidence in the United Kingdom continues to be impacted by political and economic uncertainty", he said.

Los suplentes del Junior caen ante Patriotas en Tunja
Con la victoria, Patriotas llegó a 20 puntos en 19 juegos, mientras que Junior se quedó con 35 unidades en la tercera plaza de la Liga.

On Tuesday, it reiterated that ITV Studios would for all of 2017 report "good organic revenue growth with profit broadly in line with previous year".

ITV itself bought Italian producer Cattleya last month in a bid to create more high-quality European dramas. Content business ITV Studios and the online and pay segments performed well over the first three quarters. It said that it had a healthy pipeline of new and returning programmes for 2018.

ITV in July named easyJet CEO and former CEO of The Guardian Media Group Carolyn McCall its new CEO, effective January 8. Longtime CEO Adam Crozier earlier this year had announced he was stepping down June 30. Chairman Peter Bazalgette noted that the market remains challenging.

"We will enter 2018 in good shape with a strong operating performance underpinned by a robust balance sheet, and we look forward to the arrival of our new chief executive, Carolyn McCall, early in the New Year", Bazalgette said.

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