revenues were down by 2% in the first nine months of 2019. CEO Carolyn McCall
, who has set a strategy refresh in motion, said the U.K.-based broadcaster’s performance was in line with its expectations, adding that, “although the economic environment continues to be uncertain, we are making good progress in executing our strategy.”
Total revenues for the nine months to end-September were £2.2 billion ($2.8 billion), 2% down on the same period in 2018. Ad revenues came in at £1.2 billion and slipped 3% across that time frame.
ITV has embarked on corporate cost-cutting measures and said it would make £20 million in savings in 2019. Last week,