ITV satellite dish

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Getty Pictures

Revenues at broadcaster ITV fell three% within the first three months of the yr as promoting earnings dropped 9%.

ITV, which makes Coronation Road, mentioned it anticipated comparable falls for the entire of the primary half of the yr.

The corporate blamed a lot of the autumn on the robust revenues generated the earlier yr from its protection of the European Championships soccer.

Its studio operations, which make hit programmes akin to Chilly Toes, noticed revenues develop 7%.

Chief govt Adam Crozier, who final week introduced he was stepping down, mentioned the figures have been “very a lot as we anticipated”.

ITV mentioned the shortage of a serious soccer event this summer time will contribute to an eight%-9% fall in promoting income for the primary six months of 2017.

The impact might be felt significantly in June, when advert gross sales on its TV channels are anticipated to be down 15% to 20% “in opposition to the powerful comparator of the Euros final yr”.

Nevertheless, ITV mentioned internet marketing was rising strongly, up 22% within the first three months of the yr.

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World Productions

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ITV purchased a majority stake in World Productions, maker of Line of Responsibility

Its productions enterprise is constant to develop.

Final week the agency mentioned it had acquired a majority stake in World Productions, the corporate behind Line of Responsibility, aired by the BBC.

In February it purchased management of French manufacturing group Tetra, and in April purchased 45% of Blumhouse Tv, makers of The Jinx and Chilly Case Information.

And it mentioned that the weak pound, if it remained at its present stage, might produce a further £60m in income and £10m in income from abroad gross sales over the entire yr.

The broadcaster mentioned full yr income for the entire group have been nonetheless according to its forecasts.