- ITV plc
company_name = ITV plc
company_type = Public (LSE: [http://uk.finance.yahoo.com/q?s=ITV.L ITV] )
foundation = 2004
London, England, UK
Chief Operating Officer/ CFO)
num_employees = circa 6,000 (2007)
industry = Media
products = Broadcasting
revenue = profit£2,082 million (2007)
operating_income = profit£192 million (2007)
net_income = profit£138 million (2007)
homepage = [http://www.itvplc.com www.itvplc.com]
ITV plc (lse|ITV) is a British media company that operates 11 of the 15 regional television broadcasters that make up the ITV Network, the oldest and largest commercial terrestrial
television networkin the United Kingdom. The network, which is currently branded ITV1by ITV plc, and the independent Channel Television, has vied with the British Broadcasting Corporation's BBC Onefor the status of the UK's most watched channel since the 1950s (a crown it only lost in 2005). Although ITV plc has a dominant influence on the ITV Network, it should be noted that it is not ITV, does not form part of ITV itself, and does not actually own or operate the whole network.
ITV plc is listed on the London Stock Exchange. It was formed by the merger of
Granada plcand Carlton Communicationswith Granada being valued about at about twice the worth of Carlton. It began trading on 2 February 2004. This was the most recent stage in a long process of mergers between the original ITV regional franchises.
ITV plc was the result of mergers between the various mergers between the companies of the
ITVnetwork that had taken place from 1993 when the ownership rules were relaxed.
The first wave of mergers began with
Yorkshire Televisionacquiring Tyne Tees Televisionin 1992, forming a parent group called Yorkshire-Tyne Tees TelevisionHoldings. [http://www.ofcom.org.uk/static/archive/itc/uk_television_sector/overview/key_dates.asp.html An Overview of Television in the UK] Ofcom, 2002] In 1994, Carlton Communications- which had previously already owned a 20% stake in Central Independent Television- acquired the remainder of the company and, thanks to Central's shareholdings, inherited a 20% stake in Meridian Broadcasting. Later the same year, Granada acquired LWT (through a hostile takeover worth in the region of £750 million) and MAI, which controlled Meridian Broadcasting, acquired Anglia Television(with MAI becoming United News & Media, after itself merging with United Newspapers - owners of The Daily Expressin 1996). Ownership rules, that previously restricted ownership of ITV licences by one company to two outright, plus 20% in a third, were relaxed, and so Carlton went on to acquire Westcountry Television(later re-branding it Carlton, along with Central), Granada acquired Yorkshire-Tyne Tees Holdings (with the parent group becoming Granada Media, later simply Granada) and United acquired HTV.
The idiosyncrasies and business model of the future ITV plc operation can be found in the way these new conglomerates operated their franchises. Carlton re-branded all of its stations with its own name, creating a single identity across the whole expanse of its territory. By contrast, Granada and United, while keeping the franchisees names, centralised their continuity departments - Granada in
Leedsand United in Southampton. All three, however, merged the network production operations of their franchises, creating Carlton Productions, Granada Content and United Productions. This would later be taken several stages further.
By the end of the 1990s, there were three dominating owners of the ITV franchises in England and Wales:
Carlton Communications, Granada plcand United News and Media. In 2000, after an aborted merger attempt with Carlton, UNM decided to leave ITV and Granada bought all the UNM stations, but sold HTV to Carlton in order to comply with the permitted audience percentage covered by a single broadcasting interest. It kept the production arm of HTV, however, re-naming it Granada Bristol and moving it out of Bath Road to a new, smaller office in Whiteladies Road (near the BBC). This arm of the company finally closed in 2006, following later rationalisation of ITV's production operations. The last remaining independent ITV franchise in Englandand Wales, Border Television, had been bought by Capital Group in 2000, and was sold on to Granada in 2001, with Border's radio assets being retained by Capital (now GCap).
In 2004, Granada and Carlton merged, creating a single company for all ITV franchises in England and Wales. [ [http://www.guardian.co.uk/media/2003/nov/15/itv.politicsandthemedia Carlton-Granada merger clears last hurdle] The Guardian, 2003] One of the consequences of the merger was (according to the company) an over-capacity of studio facilities and production units around the country, which had previously been rivals, but were now all part of the same group. In order to make cost savings, several large regional headquarters, studio sites and programme departments closed and merged. Among the casualties were network production and studio facilities of Tyne Tees in
Newcastle upon Tyne, Meridian in Southampton, Carlton in Nottinghamand Anglia in Norwich. In all cases, ITV moved the regional franchisee to a new location complete with hi-tech facilities for news production, but with a minimal number of (physically smaller) studios and the loss of many jobs. Tyne Tees' factual department merged with Yorkshire's in Leeds; Meridian's factual and sport production moved to London; all network production in Nottinghamwas re-allocated to London, Manchesteror Leeds(and the local " Central News" studio moved to Birmingham), and Anglia Factual has been reduced to a satellite operation of ITV Productions, primarily producing output for the international market or occasionally third parties in the UK.
Prior to the merger, and despite being rivals within ITV, Granada and Carlton had already been involved in several joint ventures, including the digital terrestrial television operator
ITV Digitalthat went bankrupt in 2002. They also owned the digital channel ITV2, which had launched on December 1998, and 65% of the (re-branded) ITV News Channel, previously owned by ITN and originally launched as the ITN News Channel. As well as consolidating its (now 40%) shareholding in ITN itself, the newly merged company was able to buy the final 35% stake in the ITV News Channel from ITN's original partners NTLin April 2004. In November the same year, and following a frantic last-minute deal with BSkyB to buy its half of the Granada Sky Broadcasting joint venture, they launched the digital channel ITV3, which replaced Granada Pluson satellite and cable. A year later they launched ITV4. However, due to multiplex issues (and the fact that it was losing money) the ITV News Channel controversially had its hours on Freeview reduced, and was finally closed down on 23 December 2005, with its Freeview space was taken over by ITV4and the CITV Channel, which launched in March 2006.
April 2006 saw the launch of the participation channel ITV Play. Following a series of scandals surrounding participation TV, the dedicated ITV Play channel was closed down in March 2007, followed by the late-night phone-in quiz shows on the ITV Network in December 2007, however the brand has continued to be used for part of the new gaming section of
ITV plc is divided into four divisions: "Channels", which operates the TV networks and includes the ITV News Group, which runs the ITV regional franchises; "Global Content", which is comprised of ITV Productions, the network production division (of which Granada is an on screen brand name when producing for other networks) which also runs ITV's facilities businesses, and
ITV Global Entertainment, the arm which exploits programme rights; "Commercial", which runs ITV advertising sales arm, and "Consumer", which runs itv.com, Friends Reunitedand has responsibility in ITV plc shareholdings in Freeview and SDN.
ITV plc currently owns the following
ITVfranchises in the UK:
Former Granada-owned franchises:
Anglia Television: East of Englandfranchise
Border Television: Scottish/English Border and Isle of Manfranchise
Granada Television: North West Englandfranchise
London Weekend Television: Londonweekend franchise
Meridian Broadcasting: South and South East Englandfranchise
Tyne Tees Television: North East Englandfranchise
Yorkshire Television: Yorkshire/ Lincolnshirefranchise
Former Carlton-owned franchises:
Carlton Television: London weekday franchise
Central Independent Television: Midlandsfranchise
HTV: Walesand West of England franchise
Westcountry Television: South West Englandfranchise
Note that "
ITV Thames Valley" is not a franchise but a combined opt-out for parts of the Central and Meridian franchises. Similarly, both Carlton Television and London Weekend Television are now exclusively known as ITV Londonalthough both still remain in legal existence. The combined Wales and West franchise also appears to operate as two separate entities (ITV Wales, ITV West), although legally they both form part of the single franchise held by HTV Group.
ITV plc also owns 75% of the
ITVnational breakfast television franchise GMTV.
Wholly owned digital channels
Men & Motors(operated by ITV Digital Channels Ltd)
ITV plc owned a 16.9% shareholding in
STV Group plc, owner of the Scottish and Grampian ITV franchises, which was reduced to around 5.5% following a Rights Issue that ITV did not take up, as well as a 40% stake in its news provider Independent Television News Limited.
ITV plc also owns the largest cinema advertising business in the UK and Ireland,
Carlton Screen Advertisingand recently bought Friends Reunited, a website dedicated to reunited former school friends or work colleagues in a number of countries.
ITV plc is also the co-founder of
Freesatalongside the BBC.
ITV plc has been the subject of a flurry of rumoured take-over and merger bids since it was formed. For example, on
2006-11-09, NTLannounced that it had approached ITV plc about a proposed merger [cite press release
title = Ntl Incorporated Discussions with ITV plc
url = http://www.ntl.com/mediacentre/press/display.asp?id=874
accessdate = 2006-12-06 ] [cite press release
title = ITV and NTL 'in merger talks'
publisher = ITV plc
url = http://www.itvplc.com/itv/news/releases/pr2006/2006-11-09/
accessdate = 2006-12-06 ] . The merger was effectively blocked by BSkyB on
2006-11-17when it controversially bought a 17.9% stake in ITV plc for £940 million [cite news
last = Welsh
first = James
title = Sky buys 17.9% of ITV
url = http://www.digitalspy.co.uk/article/ds39556.html
accessdate = 2006-12-06 ] , a move that attracted anger from NTL shareholder
Richard Branson[cite news
last = Wilkes
first = Neil
title = Sky/ITV: Branson statement in full
url = http://www.digitalspy.co.uk/article/ds39642.html
accessdate = 2006-12-06 ] and an investigation from media and telecoms regulator
last = Welsh
first = James
title = Ofcom examines impact of Sky's ITV stake
url = http://www.digitalspy.co.uk/article/ds39694.html
accessdate = 2006-12-06 ] . On
2006-12-06, NTL announced that it had complained to the Office of Fair Tradingabout BSkyB's move. NTL stated that it had withdrawn its attempt to buy ITV plc, citing that it did not believe that there was any possibility to make a deal on favourable terms [cite news
last = Oatts
first = Joanne
title = NTL complains about Sky as it drops plans for ITV Ofcom
url = http://www.digitalspy.co.uk/article/ds40409.html
accessdate = 2006-12-06 ] . At the same time as the NTL bid, RTL, the owner of Five, was also rumoured to be preparing a bid for ITV plc, [cite news
last = Oatts
first = Joanne
title = RTL to make ITV decision this week
url = http://www.digitalspy.co.uk/article/ds39466.html
accessdate = 2006-12-06 ] with the possibility of a stock-swap with BSkyB. The plan would see RTL acquiring BSkyB's stake in ITV plc (with the aim of further acquisitions of shares in the future) in exchange for BSkyB taking full control of Five. However, no move from RTL has yet materialised so far.
* [http://www.itvplc.com ITV plc] at
Wikimedia Foundation. 2010.
Look at other dictionaries:
ITV plc — Fundación 2004 Sede Londres … Wikipedia Español
ITV Plc — (LSE : ITV) est un groupe audiovisuel britannique qui contrôle 11 des 15 chaînes qui composent ITV Network, le réseau terrestre de télévision commercial le plus ancien et le plus grand au Royaume Uni. Bien que ITV plc ait une influence… … Wikipédia en Français
Itv plc — (LSE : ITV) est un groupe audiovisuel britannique qui contrôle 11 des 15 chaînes qui composent ITV Network, le réseau terrestre de télévision commercial le plus ancien et le plus grand au Royaume Uni. Bien que ITV plc ait une influence… … Wikipédia en Français
ITV plc — Pour les articles homonymes, voir ITV (homonymie). Il ne faut pas confondre ITV Network le réseau composé de quinze chaînes régionales et ITV qui est le groupe audiovisuel contrôlant onze de ces quinze chaînes … Wikipédia en Français
ITV plc — ➡ ITV * * * … Universalium
ITV Thames Valley — Based in Whiteley, Hampshire Meridian s studios Abingdon, Oxfordshire Broadcast area Thames Valley Launched 4 December 2006 Closed 8 February 2009 Replaced Meridian North … Wikipedia
ITV Digital — Ltd (formerly ONdigital Ltd) Former type Carlton Communications plc and Granada plc joint venture Industry Media Fate … Wikipedia
ITV Sport — Type Sports coverage Genre Sport Predecessor Granada Sport; Carlton Sport; ISN (London News Network) … Wikipedia
ITV Play (channel) — ITV Play Launched 19 April 2006 Closed 13 March 2007 Owned by ITV plc Website www.itv.com/play … Wikipedia
ITV Mobile — Type Mobile portal Genre Entertainment Founder(s) ITV Headquarters … Wikipedia