ITV profits slide as advertising revenues are hit by Netflix and Amazon

ITV profits slide as advertising revenues are hit by Netflix and Amazon
 

ITV, which can still boast lucrative hit shows such as The X Factor and The Voice, has shown signs of recovery lately, but this will not be enough to prevent a drop in profits when it reports full-year results for 2017 on Wednesday.
George Salmon, equity analyst at Hargreaves Lansdown, said: “Investors will be hoping ITV can draw a line under recent declines, and ad revenues started growing again in the fourth quarter.”
These will be the first results since new chief executive Carolyn McCall joined from easyJet last month.
“We are not expecting her to deliver a full-blown... read more

 
25 February 2018 in Business, Views: 52
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