ITV profits drop 61% in 2023, cushioned by record ITVS revenues & digital growth
UK commercial broadcaster ITV saw pre-tax profits take a 61% nosedive over the past year, from £501m ($638m) in 2022 to £193m ($246m) in 2023. Reporting the figures in its annual financial results, ITV said that the slump comes as a result of the ongoing downturn in the linear ad market and its planned investment […]