Jul 26, 2017

ITV says it will not reveal salaries of top earners

ITV says it will not bow to pressure to reveal the salaries of its top earning broadcasters in the wake of the row over what the BBC pays its leading on-air talent. Speaking as ITV reported a 3 per cent decline in revenues to £1.46bn in the six months to the end of June, Sir Peter said the disclosure next year would show that when it comes to gender pay, the broadcaster was closing the gap between men and women. Although net advertising revenues are expected to recover in the second half of the year following an 8 per cent drop to £769m in the first six months of 2017, ITV said "Political and economic uncertainty" caused by the vote for Brexit was still leading to caution from advertisers. Under Dame Carolyn's predecessor Adam Crozier, ITV has invested heavily in its production division, ITV Studios, to reduce the company's reliance on the volatile ad market. Profit before tax at ITV fell to £259m from £309m with earnings per share dropping by 9 per cent year-on-year.

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