Granada Profits Rise 19%

Granada’s interim results for the 26 weeks ended 30 March showed that profit before tax had risen by 19% to £183m.

The media arm of the group performed well: profits from Granada Television and London Weekend Television rose by 16% to £83.5m on turnover of £309.8m, up 5% on last year. Laser, Granada’s broadcast sales house, outperformed all other ITV sales houses with GTV and LWT accounting for 23% of ITV advertising revenues. There was also a 7% increase in programming sales and a 42% growth outside ITV.

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