Feeds

ITV scoffs at ad slump as production arm hauls in cash

What TV crisis?

Internet Security Threat Report 2014

ITV has reported a revenues 11 per cent higher, and profits 15 per cent higher than a year ago, before accounting for exceptional items and tax. Revenues topped £1.28bn and pre-tax profits were £235m.

The commercial broadcaster's primary revenue source – advertising – is weaker than a year ago, with spending flat this year. But ITV now sees more revenue from other sources. For example, it makes more of its own programmes that sell overseas. ITV's production arm, ITV Studios – which is what Granada TV is called these days – saw revenue rise 34 per cent, and non-ad revenues were £106m higher than a year ago, bringing in almost half of ITV's income.

Amazingly, foreigners want to watch The Jeremy Kyle show - and their broadcasters pay for it. Hell's Kitchen is another less obvious export.

ITV spent £275m buying back bonds at above par, resulting in a £36m interest charge. The broadcaster has bought back £937m of debt, and recorded £499m of borrowing on the balance sheet.

Online, pay and interactive revenue – which includes deals with Sky, LoveFilm and Netflix – was £47m, up 24 per cent on last year, but still a small part of the overall picture, and a number exceeded by "other commercial income" such as sponsorship, of £81m.

Viewing was down 1 per cent, with ITV1 losing 3 per cent of its audience. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.