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ITV plans to cut another £40 million from its cost base from 2010 after posting a 15% drop in ad revenues for the first quarter.In a trading update today, the broadcaster said its overall revenues were down by 13.6% to £425 million as the “market remains weak”.However, ITV’s global content division saw its revenues fall… Continue reading ITV to cut another £40m in costs

Virgin1 is getting a complete brand refresh, including a new logo and on and off-air identity, to launch on 9 June.The move follows the extension of the channel’s hours on Freeview and the addition of a +1 channel (see Virgin1 to expand Freeview hours).Creation of the new brand identity is being led by Virgin Media… Continue reading Virgin1 gets brand refresh

Channel 4’s chief executive Andy Duncan has told MPs that he expects to agree a partnership deal with BBC Worldwide within weeks.Speaking to the House of Commons culture, media and sport select committee yesterday, Duncan said he is hopeful that an agreement between the two broadcasters would be signed off before the government publishes its… Continue reading Andy Duncan: C4/BBC Worldwide deal is weeks away

BBC Worldwide’s chief executive John Smith claims that the corporation’s forthcoming partnership with Channel 4 would generate annual profits of around £200 million.Speaking at the House of Lords communication committee today, Smith said that a commercial venture between the two broadcasters, which is expected to be signed off before the final Digital Britain report is… Continue reading BBC Worldwide/C4 tie-up would generate £800 million turnover

TV viewing data for April shows that ITV1’s share was down year on year, with the other main terrestrial broadcasters also seeing falls.All ViewingITV1’s viewing share was down 1.4 percentage points year on year, from 18.9% in April 2008 to 17.5% in April 2009.The channel did have some strong performing shows during the month though,… Continue reading Television Viewing Round-Up – April 2009

UKTV is set to complete the rebranding of its channel portfolio by relaunching UKTV Food as Good Food.Good Food, a name which comes after a licensing deal was agreed between UKTV and BBC Worldwide, is due to launch at 9am on Monday 22 June.Good Food’s launch, which will be accompanied by a new website, follows… Continue reading UKTV launches Good Food channel

BBC One’s Ashes to Ashes drama secured the highest ratings during the all-important 9pm to 10pm peak-hour last night.Over 5.7 million peak viewers tuned in to see the fourth episode in the eight-part series, starring Philip Glenister and Dean Andrews, banking a 24% average audience share for BBC One.At the same time, the third episode… Continue reading Ashes to Ashes triumphs with 5.7 million viewers

BSkyB has criticised the BBC Trust’s decision not to conduct a full market impact review of Project Canvas and said the proposed service is “likely to qualify” for an OFT investigation.BSkyB argued that the BBC’s proposals for the joint broadband TV venture with ITV and BT are not clear enough for a proper consultation, which… Continue reading BSkyB criticises handling of Project Canvas

Clear Channel Outdoor has reported a 25% year on year fall in revenues in the first quarter of 2009, from $775.6 million to $582.2 million.The company’s international division – including the UK – suffered a 29% revenue decline year on year in Q1, down to $312 million.It said the loss was primarily attributable to a… Continue reading Clear Channel Outdoor reports Q1 fall in revenues

A new report predicts that the number of US broadband households accessing web-to-TV content will hit 24 million and generate $2.9 billion in revenue from streaming services by 2013. According to the In-Stat report, nearly 30% of those in the 25-34 age group use game consoles to view streaming video from the internet, but web-enabled… Continue reading US web-to-TV households to generate $2.9bn in revenue by 2013