You will be redirected back to your article in seconds

Ad dip, digital hit Granada

Murphy has considered asking for 3rd Ondigital investor

LONDON — Granada Media is expected to announce later this week a loss of roughly £80 million ($111 million) for the first six months of its fiscal year.

Ad sales for ITV, the U.K.’s biggest commercial web, are forecast to come in at least 15% lower than last year; digital costs, too, hurt the company’s bottom line.

Granada and Carlton Communications, the two big ITV companies, are both under financial pressure due to the burden of their pay TV joint venture ONdigital. The companies forecast spending of $379 million on the platform in the coming year.

Carlton chief exec Gerry Murphy has said that the company would consider inviting a third investor to join ONdigital, soon to be revamped into ITV Digital. Satcaster BSkyB and British Telecom are potential candidates.

More TV

  • Sense8

    TV News Roundup: ‘Sense8’ Finale Special Sets Netflix Premiere Date

    LONDON — Granada Media is expected to announce later this week a loss of roughly £80 million ($111 million) for the first six months of its fiscal year. Ad sales for ITV, the U.K.’s biggest commercial web, are forecast to come in at least 15% lower than last year; digital costs, too, hurt the company’s […]

  • Nicole Emanuele Katherine Oliver

    North Fork TV Festival Sets Judges Panel

    LONDON — Granada Media is expected to announce later this week a loss of roughly £80 million ($111 million) for the first six months of its fiscal year. Ad sales for ITV, the U.K.’s biggest commercial web, are forecast to come in at least 15% lower than last year; digital costs, too, hurt the company’s […]

  • AMERICAN IDOL - "114 (Top 10

    'American Idol': On the Scene for the Show's Emotional First Live Elimination

    LONDON — Granada Media is expected to announce later this week a loss of roughly £80 million ($111 million) for the first six months of its fiscal year. Ad sales for ITV, the U.K.’s biggest commercial web, are forecast to come in at least 15% lower than last year; digital costs, too, hurt the company’s […]

  • The Path Season 3 Hulu

    'The Path' Canceled at Hulu After 3 Seasons

    LONDON — Granada Media is expected to announce later this week a loss of roughly £80 million ($111 million) for the first six months of its fiscal year. Ad sales for ITV, the U.K.’s biggest commercial web, are forecast to come in at least 15% lower than last year; digital costs, too, hurt the company’s […]

  • Sinclair

    Sinclair Revises Station Divestiture Plan Following Pushback From Regulators

    LONDON — Granada Media is expected to announce later this week a loss of roughly £80 million ($111 million) for the first six months of its fiscal year. Ad sales for ITV, the U.K.’s biggest commercial web, are forecast to come in at least 15% lower than last year; digital costs, too, hurt the company’s […]

More From Our Brands

Access exclusive content