ITV 2019 Earnings Drop, Studio Unit Grows, Coronavirus Causes Travel Ad Deferments

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ITV CEO Carolyn McCall says she is not considering going after the director general role at the BBC. Discussing the coronavirus, she said staff has been told to focus on 'essential travel only,' and there has been no impact so far on productions. Details:

ITV also addressed the business impact of the coronavirus. "In March and April, we have seen an impact from travel advertising deferments relating to the coronavirus," it said. "All deferments to date have been included in [our] guidance. At this stage it is too difficult to assess the further implications of the coronavirus but we continue to monitor the situation closely."

ITV said adjusted earnings before interest, taxes and amortization fell 10 percent to £729 million in 2019, with earnings per share down 10 percent. The ITV Studios production unit reported a 5 percent increase in adjusted EBITA to £267 million . McCall had said in November: "ITV Studios' performance in 2019 will benefit from a very strong second half delivery schedule, and our third-quarter performance reflects this, with good growth across the business, particularly from ITV America with . We expect this performance to continue in the fourth quarter, and over the full year we are confident that we will deliver at least 5 percent growth in ITV Studios' total revenues.

 

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