ITV Targets Extra $46M In Cost Savings Amid “Softening Economy” In UK
Deadline·2025-11-06 16:13
UK network ITV is planning to save another £35M ($45.7M) in the coming quarter, despite posting steady year-to-date group revenues. In a Q3 trading update, the broadcaster and content group said it had identified the additional temporary savings” in its Media & Entertainment division, which houses its linear networks and streamer ITVX. “UK macro data is showing a softening economy, with increased uncertainty in the lead up to the UK Budget which is impacting the wider advertising market, and we are adjusti ...