Itv Gives More Cash to Shareholders Return of Gbp500m Not Viewed As Attempt to Rebuff Predator
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Summary
ITV yesterday increased a planned cash return to shareholders from GBP300m to GBP500m, but the rise was not prompted by a wish to fend off circling predators, industry observers suggested.
The broadcaster, a frequent subject of bid speculation, also announced in a trading update that it anticipates first-half net advertising revenues of GBP750m. This is down 4.6-per cent year on year, but in line with expectations as viewers desert flagship channel ITV1 in favour of digital platforms.See the full content of this document
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Itv Gives More Cash to Shareholders Return of Gbp500m Not Viewed As Attempt to Rebuff Predator
In an effort to compete in a digital age, ITV has launched a family of digital channels and acquired the popular Friends Reunited website. The compa...
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