ITV sees further fall in revenues
May 15, 2009
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.