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!

take over potential!!

Help!

What do I do now. Are the shares about to barn storm towards 1.50 as takeover speculation builds. Sky don't want an investigation and so they are very likely to sell before one begins.

I have a few and am partly tempted by profit but, the greed monster says buy into strength. The fun is yet to begin!

Any thhoughts?

JRM- The commission"s enquiry is expected to take about 6 months and I dont think BskyB will be in any hurry to sell. Don"t forget they paid 135p for their stock and will not wish to get complete egg on their face. By then the new ceo will want to be able to give a more positive outlook and is working hard to do so (witness the latest football deals he has done) If NTL/Vigin outfit finds itself in a position to make a bid again, I think they will have to offer 140+. If BskyB are able to retain their stake ,I think ITV is good for recovery at the current 119p level.For myself, I am retaining my shares. If my memory serves me correctly, Fidelity stated that it was their intention to buy further shares in the future despite their sale at a substantial premium to the market to BskyB. That seems a bullish guide to me.

Keep buying, who knows who might come in for them?

well my investment at 113p is looking very happy with ITV

Good, can see 130 in very near future, problem is it's heavily traded so it needs some news to keep bumping it up, but am hopeful too.

Today's interesting with everybody hoping Sky will say something.

The inquiry won't start until 28th May so plenty of time for somebody to ease the stake from Sky.

I STILL FEEL 1.50 IS POSSIBLE, BUT IT IS SUNNY TODAY!!!!!!!

13.5 million -Buy!
Has just slipped through

yet another good day for ITV :-)

We've tested the lows -Higher again and the AGM is next week.

Happy Days!

ITV PLC
09 May 2007



May 8, 2007

For immediate release


ITV PLC ACQUIRES CONTROLLING STAKE IN
JAFFE/BRAUNSTEIN ENTERTAINMENT LLC


ITV plc today announced that it has bought a controlling 51% stake in a new
entity, Jaffe/Braunstein Entertainment LLC, created in partnership with Jaffe
Braunstein Films LLC, a producer of scripted telefilms and mini-series based in
Los Angeles. The stake was acquired for a cash sum of $5.8 million (2.9
million) from Howard Braunstein, and Michael Jaffe who, between them, will
retain a 49% stake in the new entity.

ITV plc's stake will be managed through Granada America, the U.S. based
production entity of ITV plc. In addition to developing and producing new
original programming, the new partnership will focus on remaking titles from the
extensive ITV film and television library.

David Gyngell, Chief Executive Officer of Granada America said: 'Jaffe/
Braunstein Films is the class leader in the long form production business with a
successful track record spanning more than two decades. Our investment into, and
partnership with, Howard and Michael means we can combine forces in what is an
already extremely competitive market. As part of our overall growth strategy,
this deal is a signal that Granada America is serious about building its
presence in scripted television in US.'


Ends.


Notes to Editors:


Granada America

Programming from Granada America that has been produced, aired or scheduled to
air in US totals more than 200 hours including movies for television, drama,
nature and non-scripted.


Howard Braunstein and Michael Jaffe

Mr. Jaffe and Mr. Braunstein are among the most prolific long form producers
over the past several decades. Their credits include Elvis, the Emmy nominated
mini-series and Golden Globe winner for Jonathan Rhys-Meyers as the rock-n-roll
legend; the 10.5 earthquake mini-series and its sequel; First Do No Harm
starring Meryl Streep; Ice Bound, starring Susan Sarandon; Rodgers &
Hammerstein's South Pacific, starring Glenn Close; as well as The Rosa Parks
Story, which won the NAACP Image Award for outstanding television movie or
dramatic special and which earned Angela Bassett an Emmy(R) nomination. Mr.
Jaffe and Mr. Braunstein also produced the A&E series 100 Centre Street,
starring Alan Arkin and executive-produced by Sidney Lumet, and Nero Wolfe,
starring Timothy Hutton.


Note the second paragraph comment about the library re intention to produce remakes thus extracting value.

Well its the library which I think could really change ITV's fortunes. I must admit to getting abit worried this morning though but at least a good turnaround this afternoon.
Di

Dynamite- The market generally is a little unsettled with interest rates on the rise but, I believe in the saying that there is not a stock market but, a market of stocks. Trying to calculate short term moves is difficult, but like you I think there is some good value in this one, if given a chance. There are many large interested parties around this one for this not to be the case.

Virgin would love to get their hands on itv, so would alot of others, the content/programming and ip that itv has is probably worth a lot of money to the right predator, I think 200p is not unreasonable for itv and it could be worth a whole lot more especially if they turn predator, then that would be something!

ITV plc AGM Statement 17 May 2007



Stabilising the core business and investing for growth



The clear imperatives for management are to improve the performance of the ITV1
schedule and explore the opportunities that exist for the business, while
addressing some of the regulatory constraints. The progress we have made to
date is encouraging, the rate of decline of ITV1 SOCI is stabilising and our
digital channels continue to perform well. The total TV advertising market is
less volatile than last year. We are also creating opportunities to increase
distribution of ITV's valuable content both online and on digital broadcast
platforms. We are currently engaged in a wider review of the allocation of
resource within the Company to maximise future growth prospects in the medium
term. We will update the market on this review by the Autumn.



In March of this year, we were the first company to introduce an independent
review of our premium rate telephone services (PRTS) so that we could ensure
fair and transparent interactions. All our current programmes have been cleared.
However, the poor execution of these services across the sector has reduced
consumer confidence and is having a material impact on PRTS revenues. ITV is
committed to publishing the findings of the current independent review of PRTS
in ITV programming.



Advertising revenue

In the first quarter of 2007 we identified that total UK television advertising
revenue had stabilised, and this trend has continued. Total UK television
advertising for the six months to June is flat compared to the same period last
year. ITV1, affected by the contract rights renewal (CRR) remedy, is down by
9.6% over the first half of 2007, whilst ITV plc total advertising revenue is
down by 5.7%.



Channel ratings and production

Over the first 17 weeks of 2007 to 29 April, the ITV family of channels
(including GMTV) achieved a viewing share in multichannel homes of 21.9% which
was slightly ahead of the same period in 2006. In all homes the continuing,
rapid take-up of digital multichannel television resulted in the ITV1 adult
share of commercial impacts (SOCI) being 6.2% down at 32.6% over that period,
whilst the corresponding period in 2006 had been down 10% on 2005. The growth
in SOCI of our digital channels over the first 17 weeks of 2007 was 18% and the
ITV family of channels overall was down 3.8% at 41.7%.



In our US production business we are delighted to have agreed the acquisition
for 2.9 million of a 51% controlling interest in Jaffe/Braunstein Entertainment
LLC, a highly respected and critically acclaimed Los Angeles-based producer of
scripted telefilms and mini-series.



In early 2007 we concluded that the level of revenue being generated by our ITV
Play channel did not merit its continued operation. We therefore decided to
close the channel whilst continuing with ITV Play programming during the night
on ITV1 and ITV2. Immediately following concerns being expressed about UK
television quizzes and game shows incorporating premium rate telephone services
(PRTS), we announced on 5 March that we were reviewing all of our activity to
ensure that ITV delivered quizzes and game shows in a fair and transparent
manner for our viewers' enjoyment. That review has now cleared all our current
output and we have strengthened our procedures to comply with or exceed the
provisions of the code issued by the premium rate telephony regulator, ICSTIS.



The level of revenue now being generated by ITV Play is running at a significant
reduction to 2006. Other PRTS revenue is down by approximately 20% in March and
April and concerns remain about when consumer confidence in this area will be
restored.



Carlton Screen Advertising (CSA), our cinema advertising business, has had a
slow start to the year and we expect CSA to be in loss again this year.



ITV.com

On May 1 we held a press launch for our new broadband offering, ITV.com, which
we are confident will be the most comprehensive web site offered by any UK
commercial broadcaster. ITV.com will provide an attractive free service to
consumers and compelling online opportunities for our advertisers. ITV.com
launches to consumers this summer and will offer live streaming of ITV's
channels, a 30 day catch-up service and a 'best of ITV' archive. Our regional
broadband TV service, ITV Local, has been extended to the London and Central
regions and now covers 45% of the UK population.



Freesat

In April ITV announced that it would be establishing a joint venture company
with the BBC to launch a Freesat service in Spring 2008. Freesat will
complement Freeview in driving the take-up of free-to-air digital services.



Regulatory issues

On 27 April both the Office of Fair Trading (OFT) and Ofcom announced their
reports on the purchase by BSkyB in November 2006 of a 17.9% shareholding in ITV
plc. Those reports identified issues which both regulatory bodies consider
should be reviewed further and a decision on a potential reference by the
Secretary of State at the Department of Trade and Industry to the Competition
Commission on public interest grounds is expected by 26 May. ITV will
co-operate fully in any regulatory process.



Michael Grade, Executive Chairman of ITV plc, said:



'I'm encouraged by the progress we've made so far this year, but there is still
a great deal more to do. We are taking steps to stabilise our core business and
ensure future growth by reviewing the best allocation of our current resources.



'In recent months we have managed to slow the rate of decline in SOCI and
viewing share on ITV1 as we begin to see new programming from our commissioning
team delivered on-screen. In addition, we've made some key acquisitions to
strengthen our schedules, such as the FA Cup and England rights from 2008,
secured long-term deals with major talent such as Ant and Dec and Simon Cowell,
and are extending our contract with ITN for news. The relaunch of ITV.com will
help to ensure that ITV continues to grow its share of increasing online
revenues.



'The Board takes the PRTS issues very seriously and is committed to publishing
the findings of the current independent review of PRTS in ITV programming.



'Encouragingly the airtime sales market appears less volatile than last year,
and we remain firmly focused on the needs of our viewers and advertisers. Our
goal is to create long-term value for our shareholders by exploiting our content
on an expanding number of media platforms, both in the UK and internationally.'

SP 119p after AGM statement shown in previous post.

What's happening now?

Don't know JRM I was just wondering the same

In London today, ITV gained nearly 6 pct, or 6.6 pence to 121.1, amid rumours that BSkyB had sold its 17.9 pct stake in ITV to Germany's RTL which raised the prospect of a possible bid for the commercial station.

Last year, cable TV operator NTL approached ITV about a merger, while Germany's RTL has made no secret of its interest in acquiring the station. Previous press reports had linked Europe's largest broadcaster, owned by German media firm Bertelsmann, has been considering a possible 5 bln stg bid for ITV.

23rd May 2007

Dawn Airey to join ITV as Director of Global Content

ITV today announced that Dawn Airey will join ITV as Director of Global Content.
In this role she will be responsible for developing ITV's UK and international
production, distribution and content exploitation businesses.

Dawn will report to John Cresswell, ITV's Chief Operating Officer and will take
up the post later this year. ITV Productions, Granada Ventures, Granada
International and ITV's international production businesses in Australia,
Germany and the US will report into her. Together, these businesses generated
652 million revenue in 2006, including 370 million of internal sales to ITV.

Of her appointment John Cresswell said:

'This is great news for ITV and a great job for Dawn. I'm delighted she's
joining us to build the content business which continues to be at the heart of
our growth strategy.'

Dawn Airey said:

'It's wonderful to return to my alma mater. It's an incredibly exciting time to
be joining ITV and I'm looking forward to working with some of the UK's best
production talent. Together with John Whiston and his creative team, I'm
confident that we can deliver the programmes and content that Simon Shaps and
his commissioners want in order to continue the reinvigoration of ITV1. ITV
has strong and growing international production and distribution businesses and
I'm thrilled about having the opportunity to help develop them further.'

Michael Grade, Executive Chairman of ITV plc, said:

'Dawn's arrival significantly strengthens the senior management team. She is a
dynamic, creative business leader and I know that everyone in ITV will welcome
her arrival.'

John Whiston, Director of ITV Productions, said:

'I'm delighted and enthusiastic about Dawn's arrival. It signals that ITV is
putting content right at the heart of what it does. It will require some serious
firepower to take Production to the next level both nationally and globally.
And they don't come much fierier than Dawn!'

Guscavalier comment: This announcement has probably helped sentiment demonstrating management intention to place a priority on content. Get that right and the rest will follow.

I am not sure that BskyB is that eager to sell its stake in ITV at this stage given the ongoing review. Still, the sp is only back to the level reached fairly recently having drifted for a time. Good and interesting recovery play.