ITV Targets £30m in Cost Cuts After Advertising Slump and Sky Takeover Probe

RecentNews.uk

ITV plans to slash £30m in costs following a 5% to 10% expected drop in fourth-quarter ad sales.

Content budgets will absorb £25m of the savings by delaying smaller external commissions into 2027.

The broadcaster confirmed that the current cost-saving measures will not involve staff redundancies.

Ofcom and the CMA are currently investigating the proposed £1.6bn sale of ITV's TV and streaming arm to Sky.

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