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ITV Plans £30 Million in Cost Cuts Amid Ad Market Woes
· Confirmed
In Short: ITV chief executive Dame Carolyn McCall said the company was taking “decisive action” to offset the weaker market, with £30 million in cost savings from its media and entertainment division.
ITV announced plans to cut costs by £30 million by the end of the year amid a weakening advertising market, according to a statement published by Editor Steven Hugill on November 11, 2026.
The cost-cutting measures will not impact jobs, ITV confirmed.
ITV’s digital revenue increased 7% to £461 million.
The market has been impacted by competition from streaming rivals, global economic uncertainty, and restrictions on junk food advertising aired on television and online.
The market’s focus remains on the regulatory review process and the potential impact of the Sky deal on ITV’s valuation.
“Today, there is a chance for GBP to retest 1.3285,” according to Fxstreet.
Consolidated cash costs reached US$3,107 per ounce, up from US$2,394 in the second quarter and well above the full year guidance range of US$2,200 to US$2,450, according to the deep dive.
(TSX: MUX) swung to a third quarter net loss of US$36.7 million, or US$0.60 per share, as weaker output at all three of its producing mines ran into sharply higher unit costs, according to the deep dive.
This exclusive three-year agreement includes subsequent models and costs $250 per panel, according to Economictimes.
What this adds
The report adds that the cost-cutting measures are part of ITV’s broader strategy to mitigate the impact of a weakening advertising market, without affecting jobs.
The sources have not established the exact timeline for the cost savings or the specific areas where the savings will be implemented.
Background
ITV chief executive Dame Carolyn McCall said the company was taking “decisive action” to offset the weaker market, with £30 million in cost savings from its media and entertainment division.
What's confirmed
- Published by Editor Steven Hugill on 11 Nov 2026 ITV plans to cut costs by another £30 million by the end of the year amid a weaker advertising market.
- ITV chief executive Dame Carolyn McCall said the group was taking “decisive action” to offset the weaker market, stripping out £30 million in costs from its media and entertainment division.
- ITV has revealed plans to cut costs by another £30 million by the end of the year as it warned over a worsening advertising market.
- It confirmed jobs were not set to be impacted by the cost-cutting.
- Lisa Nandy formally intervened in a move triggering probes by the Competition and Markets Authority (CMA) and regulator Ofcom, with a deadline to report back to her on the impact of the deal on media plurality in the UK and free speech by January 27.
- It says the market has been impacted by competition from streaming rivals, global economic uncertainty and restrictions on junk food advertising aired on television and online.
What's still developing
- President Donald Trump’s net approval rating has fallen across 10 major beef-producing states in the month since he announced a temporary increase in beef import quotas designed to bring down the cost of beef, according to polling data.
- ITV might have magicked up £30 million of identified temporary cost savings in mitigation, but further advertising woe is likely an indication the company cannot be shot of its media and entertainment arm soon enough.
- The job market has been resilient against multiple headwinds over the last few years, with the unemployment rate staying low, but is showing signs of strain.
- When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy.
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- Heritage Foundation economist Peter St. Onge argued Gov. Newsom is embracing housing reforms long championed by free market economists but questions whether California can overcome its regulatory barriers.
- Francis had reasoned at the time that the cuts were necessary to save jobs, given the Holy See was also facing a structural deficit, estimated then at around 70 million euros, and a 1 billion euro ($1.14 billion) pension fund shortfall.
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- The harmful Republican reconciliation law enacted July 4, 2025, poses great harm to families, including higher food costs, poverty, and hunger.