Deborah Turness Britain pandemic covid-19 2020 Deborah Turness Britain

ITN’s Profit Plummets 54% Amid “Unprecedented Economic Challenges” Of Covid

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deadline.com

EXCLUSIVE: ITN has become the latest blue-chip British production company to reveal the scale of the financial damage caused by the coronavirus pandemic.In a set of 2020 earnings published on the UK’s Companies House, Britain’s premier news producer revealed that its pre-tax profit fell 54% to £1.1 million ($1.53M) after other producers, such as ITV Studios, posted similar double-digit declines.

ITN’s group revenues were down 11% to £121M.ITN, which has just appointed former NBC News executive Deborah Turness as its CEO, blamed “unprecedented economic challenges” relating to Covid-19, but said it actually weathered the storm reasonably well last year.

Read more on deadline.com
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