Itv 'Pulls Plug On 600 Jobs' As Ad Sales Drop

The Scotsman › August 07, 2008

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Summary

JOBS will be slashed at ITV, the broadcaster confirmed yesterday, as it announced a 28 per cent drop in profits prompted by a slump in advertising.

Michael Grade, the executive chairman attempting to turn around the firm's fortunes, admitted it was facing problems as the digital era dawns and the economy tightens.

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Itv 'Pulls Plug On 600 Jobs' As Ad Sales Drop

John Cresswell, ITV's chief operating officer, said there would be budget cuts in areas such as broadcast...

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