ITV to cut costs by £30m amid falling advertising sales
· theguardian.com · popularity 29/100 · 0 similar stories today · Personal Finance & Investing (Money, Markets & Investing)
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Summary
Ad revenue slowdown forces company to reduce spending on content by £25m before inquiry into takeover by Sky Business live – latest updates ITV plans to slash its programming budget as new figures showed that spend on the production of films and prestige TV shows in the UK is down more than £2bn over the last year. The broadcaster plans to make £30m in “temporary” savings, including £25m in content and £5m elsewhere in the business. Continue reading...
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