United News earnings up

Profits up 2.2% to $295 mil

LONDON — TV and newspaper group United News & Media has posted modestly improved results for the half year ending June 30, with pre-tax profits up 2.2% to £177.9 million ($295.3 million) on sales of $1.9 billion, up from $1.8 billion last year.

The group’s broadcasting interests include the ITV network companies Meridian, Anglia and HTV, as well as a 29% share in the terrestrial Channel 5. Although ITV’s ratings are slowly eroding in the face of competition from both C5 and cable and satellite TV in Britain, advertising sales for United’s ITV companies rose 2.3% to $343.6 million.

“Meridian, Anglia and HTV continued to grow satisfactorily, and the near-term outlook remains in line with our expectations,” United said.

United reported its TV production division, United Productions, grew “rapidly and supplied over 900 hours of new programming to both ITV and Channel 5, with total production growth of 97% year on year.”

The group’s share of loss on C5 — still in its start-up phase after 18 months on the air — was higher than expected at $19.4 million. C5, however, is approaching a 5% market share, typically capturing between 4% and 5% of Brit viewers on a weekly basis.

More Biz

  • STX Targeting August IPO in Hong

    STX Targeting August IPO in Hong Kong (Report)

    LONDON — TV and newspaper group United News & Media has posted modestly improved results for the half year ending June 30, with pre-tax profits up 2.2% to £177.9 million ($295.3 million) on sales of $1.9 billion, up from $1.8 billion last year. The group’s broadcasting interests include the ITV network companies Meridian, Anglia and […]

  • EXCLUSIVE: AR for US, UK and

    Pussy Riot Claims Responsibility for People Running Onto Field During World Cup

    LONDON — TV and newspaper group United News & Media has posted modestly improved results for the half year ending June 30, with pre-tax profits up 2.2% to £177.9 million ($295.3 million) on sales of $1.9 billion, up from $1.8 billion last year. The group’s broadcasting interests include the ITV network companies Meridian, Anglia and […]

  • Former Billboard CEO Accused of Sexual

    Former Billboard CEO John Amato Accused of Sexual Harassment and Other Misconduct

    LONDON — TV and newspaper group United News & Media has posted modestly improved results for the half year ending June 30, with pre-tax profits up 2.2% to £177.9 million ($295.3 million) on sales of $1.9 billion, up from $1.8 billion last year. The group’s broadcasting interests include the ITV network companies Meridian, Anglia and […]

  • Instagram

    Instagram Suffers Global Outage

    LONDON — TV and newspaper group United News & Media has posted modestly improved results for the half year ending June 30, with pre-tax profits up 2.2% to £177.9 million ($295.3 million) on sales of $1.9 billion, up from $1.8 billion last year. The group’s broadcasting interests include the ITV network companies Meridian, Anglia and […]

  • Harvey Weinstein arrives to court in

    Harvey Weinstein Attorney Says He Was Misquoted in 'Roles for Sex' Interview

    LONDON — TV and newspaper group United News & Media has posted modestly improved results for the half year ending June 30, with pre-tax profits up 2.2% to £177.9 million ($295.3 million) on sales of $1.9 billion, up from $1.8 billion last year. The group’s broadcasting interests include the ITV network companies Meridian, Anglia and […]

  • hearst logo

    Hearst Agrees to Pay $50 Million to Settle Data-Privacy Lawsuit

    LONDON — TV and newspaper group United News & Media has posted modestly improved results for the half year ending June 30, with pre-tax profits up 2.2% to £177.9 million ($295.3 million) on sales of $1.9 billion, up from $1.8 billion last year. The group’s broadcasting interests include the ITV network companies Meridian, Anglia and […]

  • Randall Stephenson

    AT&T Stock Drops on Justice Department's Appeal of Time Warner Merger Ruling

    LONDON — TV and newspaper group United News & Media has posted modestly improved results for the half year ending June 30, with pre-tax profits up 2.2% to £177.9 million ($295.3 million) on sales of $1.9 billion, up from $1.8 billion last year. The group’s broadcasting interests include the ITV network companies Meridian, Anglia and […]

More From Our Brands

Access exclusive content