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ITV Grows Profits, Margins as It Battles Headwinds in First Half of 2024
British broadcaster ITV delivered an improved financial performance, despite flat revenues, in the first six months of 2024.
British broadcast group ITV delivered a mixed financial performance for the first six months of 2024, as it continues to navigate a shifting media landscape. The company highlighted the success of several productions, including the critically acclaimed drama “Mr Bates vs the Post Office.” The series, which told the true story of sub-postmasters wrongly prosecuted for theft due to a faulty IT system, not only garnered significant viewership but also reignited public interest in the real-life case. While ITV Studios is projected to deliver record profits for the full year, the company revised down its revenue forecast for this division, now expecting a slight decline rather than the previously anticipated flat performance.
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