More job losses expected at ITV

Staff cuts to follow Michael Grade announcing lower half-year profits ITV has begun consulting staff over fresh job losses as it prepares to outline deeper cost savings alongside lower half-year profits this week. The broadcaster, battling with a poor advertising market, is cutting posts at The London Studios, where it produces shows such as Ant & Dec’s Saturday Night Takeaway. The move is the first fruit of a review by the Boston Consulting Group (BCG), drafted in to assess efficiency at ITV’s content and commercial divisions. BCG’s findings are expected to translate into job cuts, which analysts say could reduce ITV’s 6,000-strong headcount by 10%, affecting staff in production and advertising sales. However, it is too early for Michael Grade, ITV’s chairman, to give a final jobs number this week. Instead he will announce... [read full story]