Broadcaster plans £15m in savings and flags £20m cut to programme budget amid continued dip in advertising
ITV has launched a further £15m in cost cuts after profits plummeted in the first half of the year as it struggled to repeat the success of an advertising boom in last year’s men’s European football championships.
Pre-tax profits were down by 44% year on year to £99m in the first six months as total advertising revenues fell by 7% to £824m.
