New ITN Chief Gives First Warning

The new chairman of ITN, Michael Green, emphasised yesterday that the news company is a profit making organisation which “must continue to be an efficient producer of programmes”.

Speaking at a press conference Mr Green pointed out to staff that there could be no job guarantees, and that the current number of employees (674) may have to be cut.

The chairman also revealed that US companies, ABC, CBS and CNN, have shown interest in investing in the organisation but the new management has yet to decide whether to introduce overseas investment.