ITV Targets Extra $46M In Cost Savings Amid “Softening Economy” In UK [Yahoo! Finance]
ITV PLC UNSP/ADR (ITVPY)
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Source: Yahoo! Finance
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. More from Deadline Amid Warner Bros. M&A Chatter, AMC CEO Says Chain Focused On One Thing Only: Will The Number Of Movies Go Up? Snap Shares Soar On $400 Million Perplexity AI Deal AMC Entertainment Q3 Revenue Slips Amid Down Box Office But CEO Adam Aron Upbeat On Q4, 2026 “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 adjusting our costs to match this current reduction in demand,” said ITV CEO Carolyn McCall in a trading update today. “We do not anticipate these temporary savings to impact our ability to deliver our strategic plan.” The plan is to move £20M of programming will be moved into 2026 and make an additional £15M of non-content savings, prima
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