EXCLUSIVE: ITN Productions, the television production arm of UK news producer ITN, enjoyed a record-breaking year in 2019 as it delivered Oscar-nominated and BAFTA-winning Channel 4/PBS documentary…
The production unit was boosted by commissions around the December general election, its exclusive ITV documentaryfor ViacomCBS’s UK network Channel 5.
Overall, ITN’s group revenue stood at £136M last year, which was an increase of 7% on 2018’s figure of £127M. ITN recorded a pre-tax profit of £2.4M in 2019, up 85% on the previous year’s £1.3M. Its operating profit fell 7% to £6.2M due to overheads and property costs. The company listed coronavirus among its “principal risks and uncertainties.” ITN said it is afforded some protection by its long-term news contracts with ITV, Channel 4 and Channel 5, but the pandemic has hit its sports production and advertising divisions, increased technology costs with home working, and will have a “material negative impact” on its £142M pension deficit.
, in areas including sport production and advertising, although these divisions remain open for business. ITN’s earnings also revealed that it has put in place a hiring freeze.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
From stage to supermarket: London lighting designer turns delivery driverWith theaters closed, London-based lighting designer Elliot Griggs, who has worked on productions including Phoebe Waller-Bridge’s ‘Fleabag’ in 2019, took on a job as a delivery driver
Read more »
'Biblical' famines could double global hunger as a result of the coronavirus crisis, UN warnsFamines of 'biblical proportions' are becoming a serious risk as the coronavirus crisis threatens to double the number of people nearing starvation, a U.N. body has warned.
Read more »
Special Report: Countries, companies risk billions in race for coronavirus vaccineIn the race to develop a vaccine to end the COVID-19 pandemic, governments, charities and Big Pharma firms are sinking billions of dollars into bets with extraordinarily low odds of success.
Read more »
Hilary Duff on Parenting While Social Distancing: 'Do We Hate Our Kids or What?'32-year-old Hilary Duff recently opened up about what parenting has been like through the novel coronavirus, and yes, it can be a struggle.
Read more »
Deutsche Bank warns on coronavirus impact as its profit falls from a year agoThe German lender said it expects to report a fall in net income in the first quarter from a year ago and warned it might miss its capital target as a result of the coronavirus pandemic.
Read more »
Coronavirus live updates: U.S. death toll nears 55,000Coronavirus latest: • U.S. coronavirus death toll nears 55,000 • Italy's PM Conte lays out plans for a phased end to restrictions • WHO warns there's no evidence of coronavirus immunity
Read more »