ITV Profits Hit Hard by COVID-19 Impact, But Productions Back on Track
ITV Profits Hit Hard by COVID-19 Impact, But Productions Back on Track Naman Ramachandran, provided by FacebookTwitterEmail U.K. broadcaster ITV’s annual results were announced Tuesday and the picture is that of a business severely impacted by COVID-19, but there are plenty of green shoots. Total external revenue was down 16%. ITV Studios total revenues were down 25%, impacted by the disruption to the majority of ITV productions from March 2020 when the first U.K. lockdown was declared. Total broadcast revenues were down by 8%, with total advertising down 11%. Advertising revenues showed a...
Source: lmtonline.com