Thursday, 12 May 2011

FT.com / Media - ITV cautious about tougher outlook

ITV cautious about tougher outlook

By Ben Fenton and Simon Mundy
Published: May 11 2011 09:26 | Last updated: May 11 2011 09:26
ITV would need to adapt to the threat posed by internet companies such as Google, the broadcaster said, as it reported first-quarter advertising growth in line with expectations, but predicted tougher conditions in the second quarter.
A difficult advertising climate has already struck European free-to-air broadcasters and ITV’s results suggested that its second quarter would be 6 to 8 per cent lower than 2010, UBS analysts said.
See the full story at ft.com

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