ITV sees further fall in revenues

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ITV saw its revenues decline 14 per cent in the first three months of this year, and said it now intended to cut costs by a further £40 million (E46m) in 2010. The firm, which announced 600 job cuts two months ago, said revenues for the January to March period totalled £425 million, down from £492 million a year earlier. ITV’s advertising sales declined 15 per cent.

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