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!

...unfortunately!

Ex-bmi owner mulls role as ITV chairman

Interim Management Arrangements (ITV)





TIDMITV

RNS Number : 5929A
ITV PLC
12 October 2009

?
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.

ITV Looks ready to surge to a new 52 week high.



Nice to have fundies running in tandem, broker target 70p........

Broker recommendation
Date: 7 January, 2010

Broker: Goldman Sachs

Very bullish article from US TA site.....

http://quote.barchart.com/texpert.asp?sym=SNR.LS&code=BSTK

Preliminary Results.

ITV held EBITA before exceptional items at 202m (2008: 211m) in a declining television advertising market.

Adjusted earnings per share flat at 1.8p* (2008: 1.8p).

Cost savings of 169m delivered, ahead of 155m target for the year.

Audience share held and share of the TV advertising market increased.

Adjusted cashflows up by 200m and net debt reduced by over 100m.

Pension deficit stands at 436m (2008: 178m), after 110m credit to reflect actions taken during the year.

ITV television advertising revenues forecast to be up an estimated 7% in the first quarter of 2010, with early forecasts for April indicating revenues up 15-20%.

Review of strategy underway.

Adam Crozier joining ITV as Chief Executive on Monday, 26 April 2010.

just bought some call warrants @ 4.91p
seems like a reasonable gamble to me, with all the bid chatter going on,
and the downside is probably no more than a couple of pennies.
my broker also has them on their buy list.
the warrants expire 17/06/11, and the strike price is 80p.
usual caveats apply, and dyor

not sure anyone else is interested in these, but just in case......

have sold my warrants today for a tidy little profit.
aim to get back in when we have this market correction that is now overdue !!!

I've also sold most of my other holdings. Will post details if reqd.

Market outlook: HSBC, Pearson, ITV, GKN
http://www.whatinvestment.co.uk/trading/markets/news/1605403/market-outlook-hsbc-pearson-itv-gkn.thtml