May 10, 2017 / 6:20 AM / 7 months ago

ITV sees ad revenue down by as much as 20 pct in June

LONDON, May 10 (Reuters) - Commercial broadcaster ITV said its net advertising revenue could fall by as much as 20 percent in June as its outgoing Chief Executive Adam Crozier signed off with a tough trading update.

The “Coronation Street” and “Britain’s Got Talent” broadcaster said net advertising revenue would be down by 8 to 9 percent in the first half of the year, with the measurement set to fall by 8 percent in May and between 15-20 percent in June.

Analysts had expected June to be a tough month after it showed Euro 2016 soccer matches in the previous year, which boosted viewing figures.

The group reiterated its forecast for the full year.

Reporting by Kate Holton; editing by Costas Pitas

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below