Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

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  Print      Mail a friend       Annual reports

Wednesday 05 November, 2008


Interim Management Statement

RNS Number : 4581H
05 November 2008


ITV maintains its share of UK television advertising revenues 

for the first time in over 25 years

5th November 2008

Group highlights for nine months to 30 September 2008

  • Group revenues £1,471m (2007: £1,484m).

  • ITV Family outperforms market with net advertising revenue ('NAR') down 2.5% at £1,041m, ahead of total TV market down 3.2%.

  • ITV Family delivering 5% more impacts, with ITV digital channel impacts up 27% and ITV1 impacts held year on year.

  • ITV Family share of commercial impacts ('SOCI') held at 40.9% (2007: 41.3%), with ITV1 SOCI down 5.7%.

  • Continuing strong growth in Global Content with external revenues up 35% at £206m.

  • 82 million video views delivered across ITV sites with unique users reaching 8 million in October.

Revenues for 9 months to 30 September 2008 (£m)








Global Content (external revenues)












Total revenues




Financial position

  • As announced in July 2008, ITV has strengthened its liquidity position with the issue of a £110m bond repayable in March 2013 and £200m of five year bi-lateral financing secured, none of which includes financial covenants. 

  • The 2008 interest charge will include £16m of final closure costs of a financial instrument integral to a £125m finance facility and its associated interest rate. The facility remains in place until May 2013.

  • The 2009 interest charge will include £8m costs from coupon step-ups following downgrades of ITV debt since the interim results. ITV's debt is currently rated Ba1 by Moody's and BB+ by Standard & Poor's and Fitch. 

  • In August 2008 ITV agreed with the Pension Trustees that it will contribute £30m a year to the pension scheme as deficit funding for 5 years from 2009. 

  • There has been no other material change in ITV's financial position since the interim results.


  • Over the full year, ITV expects to hold its share of UK TV NAR year on year for the first time in over 25 years. ITV Family share of NAR for 2008 estimated to be 43.8% (2007: 43.6%).
  • For Q4, ITV Family NAR estimated to be down 9.0% ahead of the total TV market down 9.4%.
  • Online revenues for the full year and into 2009 impacted by the advertising slowdown, with profitability further impacted by investment in Kangaroo.  
  • With Ofcom's phase 2 PSB report, ITV is on course to deliver £40m in regional savings from 2009, as well as a further £35m in savings by the end of 2010.
  • SDN revenues in 2009 will reflect the beneficial impact of a recently concluded carriage deal and launch of a 10th video stream, as announced in October 2009.
  • ITV's broadcast channels and online assets to be incorporated in ITV's channels business reporting to Peter Fincham, Director of Television, Channels and Online.
  • Given the uncertain economic outlook, trading conditions across ITV are likely to remain challenging in 2009.

Michael Grade, Executive Chairman of ITV, said:

'In tough economic conditions, operationally we continue to perform strongly and we expect to hold our share of UK television advertising year on year for the first time in over 25 years. 

With our sustained investment in programming, this year we are delivering more viewers and impacts to our advertisers than we did in 2007.  The top 500 programme episodes on UK commercial television over the first nine months of this year were all on ITV.  

Global Content continues to grow rapidly its business beyond ITV. External revenues are up by 35%, driven by production for international and increased commissions from the BBC, Channel 4 and five.

Online video viewing has increased spectacularly in 2008. With over 80 million views on ITV sites, we've demonstrated our ability to meet that growing demand.  Now is the time to integrate our online video sites editorially with our broadcast business as mass-market channels in their own right and drive the advertising opportunity from that proven consumer demand.  

We remain focused on delivering our Turnaround Strategy, whilst driving efficiency savings across the business, supported by our strong financial liquidity. We continue to seek accelerated action to relieve our regulatory burden.'



Key performance indicators for 9 months to 30 September 2008




ITV1 adult impacts (bln)  




ITV family adult SOCI (%)  




Content revenues, including internal, (£m)    



+2 unique users - av. monthly (mln)




Total online video views (mln)





2.     ITV's business segments - Broadcasting, Global Content and Online - remain unchanged for

        financial reporting purposes.  


3.    Unless otherwise stated, revenues, share of viewing and commercial impact data are for the   

       nine month period to 30 September 2008, compared to equivalent period in 2007. Forecasts

       for Q4 and the calendar year for ITV and the total UK advertising market are based on current

       ITV estimates.  


4.    Figures for commercial impacts and viewing are based on BARB / Infosys data for adult  

       impacts and individuals viewing. ITV family includes: ITV1, ITV2, ITV3, ITV4, CITV, GMTV1,

       GMTV2, Men&Motors and associated '+1' channels. ITV digital channels include: ITV2, ITV3,

       ITV4, CITV, GMTV2, Men&Motors and associated '+1' channels.


5.    Average monthly unique users compare average for the first nine months of 2008 and the

       equivalent period in 2007. Total video views include total video views across all ITV sites for the

       first nine months of 2008 and 2007.  Video views are based on internal Company data for and itvlocal. Unique users are based on Omniture data.  Video views on began

       in August 2007.  


6.    Figures presented in this interim management statement are not audited. This

       anouncement contains certain statements that are or may be forward-looking with respect to

       the financial condition, results or operations and business of ITV. By their nature forward-   

       looking statements involve risk and uncertainty because they relate to events and depend on

       circumstances that will occur in the future. There are a number of factors that could cause

       actual results and developments to differ materially from those expressed or implied by such

       forward-looking statements. These factors include, but are not limited to (i) adverse changes

       to the current outlook for the UK television advertising market, (ii) adverse changes in tax laws

       and regulations, (iii) the risks associated with the introduction of new products and services,

      (iv) pricing, product and programme initiatives of competitors, including increased competition

      for programmes, (v) changes in technology or consumer demand, (vi) the termination or delay

      of key contracts, (vii) fluctuations in exchange rates and (viii) volatility in financial markets.  

For further enquiries please contact:  

ITV plc  

Press queries                                                         Tel: 0207 156 6000  

Mark Gallagher - Director of Group Corporate Affairs  

Ruth Settle - Director of Corporate Communications  

Louise Evans - Head of Press, Financial and Commercial

Investor queries    

Christy Swords - Director of Investor Relations       Tel: 0207 156 7022  

Pippa Strong - Head of Investor Relations               Tel: 0207 156 7039  


Tulchan Communications Group                             Tel: 0207 353 4200  

Andrew Grant  

Susanna Voyle  

Lizzie Morgan

This information is provided by RNS
The company news service from the London Stock Exchange