ITN offers lower charge to keep ITV deal
Friday 21 June 1996
According to sources close to the contract negotiations, ITN is prepared to reduce the annual cost of the news service to pounds 42m from an estimated pounds 58m, starting in 1998.
This emerged as ITN confirmed a sharp improvement in pre-tax profits to pounds 15.3m from pounds 9.4m, fuelled by new contracts and higher rental income from its headquarters. ITN chief executive, Stuart Purvis, said the fruits of the improved performance would be shared with ITV.
ITN, which supplies ITV, Channel 4 and Independent Radio News, will also provide news services to the new Channel 5, when it is launched next year.
Despite the promise of lower contract fees, three ITV companies continued to press yesterday for fresh negotiations on price and terms. One senior ITV source said: "We aren't interested in anything that doesn't begin with a three."
HTV, Yorkshire-Tyne Tees, and Lord Hollick's Meridian and Anglia have all pushed for lower payments, and have publicly backed a consortium led by BSkyB, Rupert Murdoch's pay-TV broadcaster, which has said it could supply ITV news for just pounds 30m a year. ITN is backed by Granada and Carlton, which each hold 26 per cent stakes. These must be lowered to 20 per cent under broadcast rules.
A Government amendment to the Broadcasting Bill, tabled this week, makes it easier to apply for nominated status as a news provider, but requires that the ITV companies choose a single news supplier for the entire network.
- 1 I'm A Celebrity 2014: Jungle security stepped up after murder and 'suspicious death' near to camp
- 2 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 3 Jeremy Hunt: 'I took my children to A&E because I didn't want to wait for GP appointment'
- 4 Girl, 7, gets Tesco to remove 'stupid' sign suggesting superheroes are 'for boys'
- 5 This letter from a reader explains why women can’t play football
Sarah Vine criticises lesbian mother Jack Monroe: 'If she was unsure about her sexuality, she should have taken greater precautions'
'Kidnapped boy may have been abused and murdered by VIP paedophile ring,' say police
Black Friday 2014: Opening times for Asda, John Lewis, PC World, GAME and Argos
Jeremy Hunt: 'I took my children to A&E because I didn't want to wait for GP appointment'
Michael Brown shooting: Driver smashes into crowd as protests erupt across the US during a second night of unrest
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
iJobs Money & Business
£16000 - £18000 per annum: Langley James : IT Support; Helpdesk, VMware; Manch...
£35000 - £450000 per annum + £3k car, £70k ote: h2 Recruit Ltd: Do you want to...
£Attractive Package: Citifocus Ltd: Prestigious financial institution seeks to...
£Negotiable: Citifocus Ltd: Experienced operational risk professional with ban...