05/11/2009
ITV plc Interim Management Statement 5th November 2009
Group highlights
UK television advertising market stabilising, with ITV continuing to outperform; ITV net advertising revenues (“NAR”) expected to be flat in Q4.
Cost savings on track with ITV set to deliver £155m of savings in 2009.
Balance sheet strengthening with £75m of debt repaid, following the convertible bond issue, and net debt reducing year on year.
Nine months to 30th September 2009
Group revenues £1,312m (2008: £1,471m)
ITV channels have delivered a progressively stronger performance on-screen, with ITV1 extending its lead in peak viewing over BBC1
itv.com revenues have continued to grow, with average unique users increased by over 30% and 150m video views delivered (2008: 45m)
ITV Studios (formerly Global Content) external revenues have increased with revenues including internal commissions held flat.
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