ITV reports drop in advertising revenues as Brexit uncertainity continues

Broadcaster ITV has reported a 7 per cent drop in advertising revenues for the first quarter after being hit by the timing of Easter and amid ongoing Brexit uncertainty.
Love Island. Pic: ITV StudiosLove Island. Pic: ITV Studios
Love Island. Pic: ITV Studios

The group said it now expects total ITV advertising to be down 6 per cent over the first half.

Carolyn McCall, chief executive of ITV, said: “ITV’s performance in the first three months was very much as we expected.”

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She added: “We remain confident that we will deliver good organic revenue growth in ITV Studios over the full year and have already secured over £120m more revenue for 2019 than at the same time last year.

“We have a solid slate of new and returning programmes in the UK and internationally including Snowpiercer, World On Fire, Line of Duty - this year’s most watched programme in the UK - Zero Zero Zero, Hell’s Kitchen, Love Island and I’m A Celebrity ... Get Me Out Of Here!”

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