ITV’s pre-tax profits hit £300m

A resurgent TV advertising market has helped ITV almost triple its pre-tax profits in 2010, reports MediaGuardian.

ITV posted pre-tax profits of about £300m after a 16 per cent increase in ad revenues, thanks to the World Cup and ratings winners such as X Factor and Downton Abbey.

It means the company has cleared nearly half of its net debt, with analysts predicting the rest could be extinguished by the end of 2011.

ITV is expecting a bumper Easter because of the Royal Wedding, but will stress that tougher year-on-year comparatives are likely from May onwards.

(Source: MediaGuardian)




“Before we all sink into a slough of digital dystopian despair, it might be worth considering this: is this a sign of the strength, not weakness, of revelatory journalism in the digital age?”

Charlie Beckett, director of POLIS at the London School of Economics, reacts to news that the UK government forced the Guardian into destroying hard drives that contained information leaked by Edward Snowden.

(Source: POLIS)


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