ITV profits fall as advertising revenue slips

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ITV has reported a 14% fall in annual pre-tax profits to £553m as advertising revenues declined by 3%.

The UK's biggest commercial broadcaster said it continued to rebalance and strengthen the business and blamed "wider political and economic uncertainty" for advertising falls.

It hailed a 13% increase in revenue from the ITV Studios division.

Underlying pre-tax profit was up slightly on the year, from £843m to £847m.

Total viewing across its channels rose by 1% last year, with the share for the main ITV channel increasing from 15% to 15.4%.

BBC

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