The U.K. TV giant, led by CEO Carolyn McCall, reports its latest financials and will add a second run of 'Love Island' for 2020, while also planning additional cost savings.
U.K. TV giant ITV on Wednesday reported lower earnings and lower advertising revenue, due to Brexit uncertainty, for the first half of 2019, but said recent ratings momentum from the early June return of hit reality showThe firm, led by CEO Carolyn McCall, said adjusted earnings per share and adjusted earnings before interest, taxes and amortization fell 13 percent each.
"The first half of the year will be impacted by the continuing economic and political uncertainty and its effect on the demand for advertising; the absence of the [soccer] World Cup; the planned essential investments; the pre-launch costs of“The economic and political environment remains uncertain but we are very focused on delivering our strategy and creating a stronger, more diversified and structurally sound business to enable ITV to take advantage of evolving viewing and advertising...
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