REG - ITV PLC - ITV Renewal of PSB Licences

ITVAnnouncement

20/03/2024 10:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240320:nRST4958Ha&default-theme=true

RNS Number : 4958H  ITV PLC  20 March 2024

20 March 2024

 

 

ITV today confirms that it has accepted Ofcom's offer to renew all of ITV's
PSB licences for a full ten year term until the end of 2034.  The Channel 3
licences cover all of ITV1's output including ITV's 13 nations and regions
news franchises and the Channel 3 breakfast licence.

 

ITV's CEO, Carolyn McCall commented on the news:

 

"This provides us with the certainty we require to continue to invest for the
long term in our broadcast and streaming businesses and in a wide range of
high quality UK produced content at the heart of national life as a PSB.

"From our award winning national and regional news to our Daytime,
entertainment, sports and reality shows our content both reflects culture and
society and changes it for good and along with dramas like Mr Bates versus
The Post Office highlights the enduring power and value of ITV and the PSBs.

 

"We look forward to working closely with Ofcom in the coming years to ensure
that the PSB system as a whole - and ITV's Channel 3 services as critical
components within that system - can flourish in a world where competition for
viewing and advertising is intense.

 

"Crucial to this is the passing of the Media Bill by Parliament and its robust
implementation by Ofcom. This new regime - and in particular the provisions
around prominence, inclusion and dispute resolution - will determine whether
PSB as a system is able to survive and thrive in a world of global online
platforms and streamers."

 

 

Notes to editors

 

1.    The licences are C3 breakfast licence (broadcast as Good Morning
Britain) plus the regional licences for UTV, Border, Tyne Tees, Yorkshire,
Granada, Wales, Meridian, Channel, London, London Weekend, Meridian, Anglia
Central and West Country.

 

 For further enquiries please contact:

 Investor Relations

 Pippa Foulds               +44 7778 031097

 Faye Dipnarine           +44 20 7157 6581

 Media Relations

 Paul Moore                  +44 7860 794444

 LEI for ITV plc - ZLECI7ED2QMWFGYCXZ59

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFLFFTVFIALIS