You will be redirected back to your article in seconds

U.K. Broadcaster ITV Rules Itself Out of Bidding for Rival Channel 5

Profit after tax up 28% at British free-to-air network

LONDON — Adam Crozier, chief executive of the U.K.’s leading commercial channel ITV, has said the company will not be among the bidders for rival free-to-air network Channel 5.

First round bidding for Richard Desmond’s Channel 5 starts Thursday, with BSkyB and Discovery mulling a joint bid, according to the Financial Times.

ITV revenues rose 9% in 2013 to £2.39 billion ($3.99 billion), the company reported Wednesday. The growth was driven by a 2% rise in advertising revenues and a 20% rise at the company’s production arm. Non-advertising revenues climbed 17%.

Profit after tax was up 28% to £330 million ($551 million).

The results failed to impress investors and ITV stock dropped 3% to 199.9 pence ($3.34) by midday in London. However, the stock is up 72% on a year ago.

More TV

  • Netflix Locks Up Deal for ‘Inside

    Netflix Locks Up Deal For ‘Inside the World’s Toughest Prisons’

    LONDON — Adam Crozier, chief executive of the U.K.’s leading commercial channel ITV, has said the company will not be among the bidders for rival free-to-air network Channel 5. First round bidding for Richard Desmond’s Channel 5 starts Thursday, with BSkyB and Discovery mulling a joint bid, according to the Financial Times. ITV revenues rose […]

  • The End of the F***ing World

    'Little Boy Blue,' 'La Casa De Papel' Win Drama Prizes at Monte Carlo TV Festival

    LONDON — Adam Crozier, chief executive of the U.K.’s leading commercial channel ITV, has said the company will not be among the bidders for rival free-to-air network Channel 5. First round bidding for Richard Desmond’s Channel 5 starts Thursday, with BSkyB and Discovery mulling a joint bid, according to the Financial Times. ITV revenues rose […]

  • KIERSTEN ROBINSON

    Kiersten Robinson Named Universal TV Senior VP, Current Programming

    LONDON — Adam Crozier, chief executive of the U.K.’s leading commercial channel ITV, has said the company will not be among the bidders for rival free-to-air network Channel 5. First round bidding for Richard Desmond’s Channel 5 starts Thursday, with BSkyB and Discovery mulling a joint bid, according to the Financial Times. ITV revenues rose […]

  • Gayle King

    TV Anchors Fight to Stay Objective in Coverage of Family Separation at Border

    LONDON — Adam Crozier, chief executive of the U.K.’s leading commercial channel ITV, has said the company will not be among the bidders for rival free-to-air network Channel 5. First round bidding for Richard Desmond’s Channel 5 starts Thursday, with BSkyB and Discovery mulling a joint bid, according to the Financial Times. ITV revenues rose […]

  • Seth MacFarlane NPR

    Seth MacFarlane Donates to NPR, KPCC After Slamming Fox News

    LONDON — Adam Crozier, chief executive of the U.K.’s leading commercial channel ITV, has said the company will not be among the bidders for rival free-to-air network Channel 5. First round bidding for Richard Desmond’s Channel 5 starts Thursday, with BSkyB and Discovery mulling a joint bid, according to the Financial Times. ITV revenues rose […]

  • Emmys 2018: LGBTQ Actors Should Get

    The Drama Over LGBTQ Actors in Emmy Drama Categories (Guest Column)

    LONDON — Adam Crozier, chief executive of the U.K.’s leading commercial channel ITV, has said the company will not be among the bidders for rival free-to-air network Channel 5. First round bidding for Richard Desmond’s Channel 5 starts Thursday, with BSkyB and Discovery mulling a joint bid, according to the Financial Times. ITV revenues rose […]

More From Our Brands

Access exclusive content