• ITV profits plunge by 60% amid brutal advertising downturn

    ITV profits plunge by 60% amid brutal advertising downturn
    Slump in ad revenue outweighs record income from studio businessITV has recorded a sharp drop in annual profits as the brutal advertising downturn seen last year outweighed record revenues in its studios business, which made the recent hit drama Mr Bates v the Post Office.The UK’s largest free-to-air commercial broadcaster said pre-tax profits had fallen 61% to £193m in 2023 against £501m in 2022 as it was hit by a drop in advertising revenue as well as the planned investment i

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