Strong Q1 but ITV braces for ad slowdown

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(May 15, 2013) The UK’s ITV is confident that a strong first quarter has put it on track for another year of good growth in 2013, despite what it believes will be a challenging second quarter.

For the three-month period ended 31 March 2013, ITV posted total external revenues of £571 million, up 1% year-on-year. Of this, broadcast and online Q1 revenues rose 6% to £465 million driven by 6% growth in national advertising revenue (NAR), and online, pay and interactive revenues climbed 17%.

Read more at Rapid TV News

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