ITV must now be a bargain. The current team clearly are an issue but you'd think the big American companies would recognise the bargain.

The yield is also high and can be reinvested. That really does limit the down side. You can even win here if it drops further!

so why the 3.4% drop today on reasonable volume?

Splat - downgrade ? - target price 53p

cheers skinny, missed that. got my buy order in @ 32p :)

Splat re- resistance at 67p- 70p yep spot on (even more so than 80p level).

Appologies had this noted down on my charting site uploader but mistakenly missed it when transfering.

ITV plc


Response to Competition Commission Review of ITV's CRR Undertakings




ITV welcomes today's provisional report from the Competition Commission and its
recognition of the case for the reform of CRR.


Today's report acknowledges that "there have been significant changes to the
television industry since 2003" and explains that the Commission will now
"examine possible variations of the undertakings to take account of the changes
that have occurred." The report also acknowledges the changes in ITV's market
position and the fact that the SOCI ratchet and the right of rollover for
contracts have had unintended consequences.


ITV has argued that the advertising market has been transformed since the
introduction of CRR. With the uptake of digital broadcasting the number of
multi-channel households has more than doubled from 42% in 2002 to over 88% by
the end of 2008. This means ITV1's airtime is now substitutable and that the
market can self regulate.


Michael Grade, Executive Chairman of ITV plc, said: "We look forward to engaging
with the Competition Commission over the next three weeks to identify which
post-CRR option best serves the interests of ITV plc, its viewers and
advertisers."


He added: "We would like to put on record our appreciation of the time and
effort the Competition Commission has put into this review to date and we look
forward to the completion of the review in time for the upcoming deal season."

Ofcom: Response to govt consultation on TV news (ITV)





TIDMITV

RNS Number : 4281Z
Office of Communications
22 September 2009

?
ITV network licence no longer sustainable by 2012:
Response to government sets out proposed delivery of regional news after
switchover


22 September 2009


The costs of the Channel 3 licences to provide ITV television programmes across
the UK will outweigh the benefits by 2012. This is the conclusion of Ofcom's
response to a Department for Culture, Media and Sport (DCMS) consultation on
delivering TV news in the nations and regions.


Licence deficit


Ofcom's response says the Channel 3 regional network licences could be in
deficit to the tune of GBP38-GBP64 million by 2012.


The Channel 3 regional licences allow ITV Broadcasting Limited (ITV plc) in
England and Wales, UTV in Northern Ireland and STV in Scotland to broadcast
terrestrially, using reserved analogue and digital signals, but come with a
number of public service broadcasting (PSB) obligations, including a requirement
to provide regional news services on Channel 3, which is the biggest cost.


But as the digital TV roll-out gathers pace across the UK, the value of this
access to the radio spectrum is declining.


Ofcom's response says that new funding will be required if regional news on
Channel 3 is to be maintained.


Delivering regional news


The response builds on recommendations that Ofcom made to government and
Parliament in January 2009 with the conclusion of its statutory review of Public
Service Broadcasting.


This proposed the creation of independent news consortia, funded by competitive
tender, to deliver a choice of regional news across the UK on the Channel 3
schedule. These could offer greater localness and cross-media news provision.


The consortia could be made up of existing television news providers, newspaper
groups or other newsgathering agencies. They could be chosen against a range of
public criteria, including the ability to achieve the reach, editorial standards
and overall quality of current Channel 3 regional productions.


Analysis of local and regional media in the UK


Ofcom today also published a research report on Local and Regional Media in the
UK, in line with its statutory duties to ensure that a wide range of high
quality television and radio services with wide appeal is available throughout
the UK and to maintain sufficient choice in the provision of different
television and radio services and a range of other relevant duties.
The report shows that the UK's local and regional media are facing unprecedented
challenges, driven by growing use of the internet. While not-for-profit,
community and ultra-local level community media are becoming more important in
delivering public value, awareness and impact of these services remain low.
The report highlights the fact that consumers continue to tell Ofcom they value
a choice of regionally-based television news and relevant local content.
Ofcom's analysis suggests that independent news consortia could be an effective
means of achieving this valued choice of news, alongside the BBC, while
providing a potential platform for the future development of more local
services, including local TV, and using other media.
The report also shows how the spectrum freed up after digital switchover could
create further opportunities for new local TV services. Ofcom proposes to
consult on the potential uses of this spectrum in due course.
The report also sets out a range of stakeholder views on the measures needed to
ensure the future of local and regional media and sets out alternative proposals
that have been made to foster the development of local media.

toe dipped in again at 45p

...unfortunately!

Ex-bmi owner mulls role as ITV chairman

Interim Management Arrangements (ITV)





TIDMITV

RNS Number : 5929A
ITV PLC
12 October 2009

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ITV plc
Interim Management Arrangements
ITV plc announces that John Cresswell, currently Chief Operating Officer, has
agreed to assume the role of Interim Chief Executive to lead the company through
to the appointment and arrival of the next Chief Executive. John Cresswell has
informed the company that he then plans to leave to seek a fresh challenge.
The Interim CEO role will commence on the arrival of Michael Grade's successor
as Chairman, the process for which is underway. Sir Crispin Davis and Sir
Michael Bishop have both recently confirmed to the Nominations Committee of the
Board that they are not candidates. The Committee has revised its shortlist
accordingly and is continuing its search with all due speed.
-ends-
For further information:
ITV plc
Investor Relations
Christy Swords - Director of Investor Relations Tel: 020 7157 6572
Press queries Tel: 0207 156 7266
Ruth Settle - Director of Corporate Communications Tel: 0207 156 7233
Tulchan Communications Group Tel: 020 7353 4200
Susanna Voyle

Bond issue - seems to be going down well.

Oh deary,
- seems like after the Ballyhoo the night watchman has been asked to stay on a while longer in case they find a stupid executive, who naturally would like to view the building with the lights on.
Meanwhile said night watchman has received his pay to date and their leaving present has enable him to go on a round the World trip, before he pegs it.
Nice of him to show loyalty, as this rusting hulk pitches on the flotsom and jetsom.
Sp rises recently are hardly a good sign when anyone that's been offered the job has soon wallked away.
Who, that's "well-known" . . . . would want to risk their career?

Some what academic -look at the chart and the volume.

Interim Management Statement.

Group highlights

- UK television advertising market stabilising, with ITV continuing to outperform; ITV net advertising revenues (NAR) expected to be flat in Q4.
- Cost savings on track with ITV set to deliver 155m of savings in 2009.
- Balance sheet strengthening with 75m of debt repaid, following the convertible bond issue, and net debt reducing year on year.

Nine months to 30th September 2009

- Group revenues 1,312m (2008: 1,471m)
- ITV channels have delivered a progressively stronger performance on-screen, with ITV1 extending its lead in peak viewing over BBC1
- itv.com revenues have continued to grow, with average unique users increased by over 30% and 150m video views delivered (2008: 45m)
- ITV Studios (formerly Global Content) external revenues have increased with revenues including internal commissions held flat.

Wigley strides to centre stage in ITV chairman saga

ITV APPOINTS ARCHIE NORMAN AS CHAIRMAN

Goldman Sachs new reco added to conviction list and a buyer of the stock....

Broker recommendation full details
Date: 7 January, 2010
Broker: Goldman Sachs
Company: ITV


Recommendation:
upgrade to Conviction Buy from buy

InterMarket Stock's recommendation rating:
Buy


Target raised to 70p

Jonathan Ross?

News out today....

The Independent

ITV'S NEW CHAIRMAN PLEDGES OVERHAUL

Archie Norman, new chairman of ITV , has signalled his intent to impose an overhaul of the broadcaster. Norman issued a memo to all staff insisting that "no change" was not an option and "to outline how we intend to work as a leadership team in the months ahead". Paul Richards, an analyst at Numis Securities, said: "Archie Norman can't really start looking at significant changes to the company until ITV has appointed a chief executive. Once that has been done, they can get on with the strategic review".

Exec......wets hope not.