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ITV PLC (ITV.L)

ITV.L on London Stock Exchange

186.70GBp
23 Sep 2016
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-7.50p (-3.86%)
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Latest Key Developments (Source: Significant Developments)

ITV, Sky buy stakes in eSports channel Ginx TV
Tuesday, 20 Sep 2016 10:45am EDT 

ITV Plc : ITV invests in GINX TV . Has invested 1.55 mln stg in cash for a 16.5 pct stake in Ginx TV, owner of UK & Ireland's only 24-hour eSports TV channel, GINX eSports TV . Says both ITV and SKY have option to acquire further holdings in Ginx TV . If either party does not take up its option, remaining party may have option to acquire 100 pct . Sky has invested an equal stake in Ginx TV .Both ITV and SKY have option to acquire further holdings in Ginx TV.  Full Article

Sky, ITV invest in GINX eSports TV owner
Tuesday, 20 Sep 2016 10:45am EDT 

Sky Plc : Announces that it has invested 1.55 mln stg in GINX TV, owner of UK & Ireland's only 24-hour eSports tv channel, GINX eSports TV .ITV will invest an equal amount, and both companies will have option to acquire further holdings.  Full Article

ITV withdraws proposal to acquire eOne
Thursday, 25 Aug 2016 05:45am EDT 

ITV Plc : ITV withdraws proposal to acquire eOne . Continues to believe in strategic logic and potential benefits of acquiring eOne .Appears this value is different to level at which board of eone would currently engage in a more formal process.  Full Article

STV reports 50 percent rise in first-hlaf pretax profit
Thursday, 25 Aug 2016 02:00am EDT 

Stv Group Plc : H1 revenue rose 5 percent to 56.2 million stg . Interim dividend up 33 percent to 4 penceper share . H1 pretax profit £10.2m, +50 percent . Stv national airtime revenue is expected to be down 6% in q3, resulting in a cumulative position from january to september of down 3% .Strong growth in regional market during first half is expected to continue, up 18% in q3, with a cumulative position from january to end september up 20%.  Full Article

ITV says proposed combination with Entertainment One has strong strategic rationale
Wednesday, 10 Aug 2016 05:22am EDT 

ITV Plc : Response to Entertainment One announcements . Confirms that it has made a proposal to board of eOne to combine two companies. Board of eOne has rejected this proposal . Believes that proposed combination with eOne has strong strategic rationale and would further accelerate ITV's rebalancing of business . ITV also reserves right to withdraw, vary or amend proposal, in whole or in part, at any time . Board of eOne has rejected this proposal . Proposal represents a significant premium over undisturbed eOne share price, prior to impact of recent bid speculation . Proposal represents a premium of 19.3 pct over eOne's share price of 197.90 pence on Aug. 8 2016, last business day preceding proposal . Proposal represents a premium of 41.1 pct over eOne's weighted average share price of 167.28 pence in 1 month period to July 11 2016 . Proposal is subject to normal diligence and any transaction would require board approval and customary other approvals. .Says proposal represents a premium of 46.7 pct over eOne's weighted average share price of 160.89 pence in 6 month period to July 11 2016.  Full Article

ITV CEO says too early to predict impact of Brexit on ad market
Wednesday, 27 Jul 2016 03:07am EDT 

Itv : Ceo says too early to say what impact Brexit vote will have on ad markets after September . Ceo says still have a long way to go in our turnaround programme . Ceo says am committed to ITV . Ceo says cost cutting plan will not include money spent on programmes, may include job cuts . Ceo says haven't heard any rumours that any buyer is looking at ITV due to weak pound Further company coverage: [ITV.L] (London newsroom) ((uk.online@reuters.com; 0207 542 7717;)).  Full Article

ITV says to sell UTV Ireland to Virgin Media
Monday, 11 Jul 2016 12:10pm EDT 

ITV Plc : ITV sells UTV Ireland . ITV Plc today announces that it has agreed to sell UTV Ireland to Virgin Media, subject to regulatory approval .Virgin will take over existing 10-year programme supply agreement with ITV Global Entertainment.  Full Article

ITV plc to acquire UTV's television business
Monday, 19 Oct 2015 02:00am EDT 

ITV plc:Says it has agreed to acquire 100% of UTV Ltd, which owns the television assets of UTV Media plc, for a total cash consideration of 100 million pounds.Says the transaction will be financed through existing cash and debt facilities.  Full Article

Liberty Global plc increases stake in ITV Plc to 9.9 Plc
Friday, 31 Jul 2015 02:00am EDT 

Liberty Global plc:Says that it has acquired 138.7 million shares in ITV plc, thereby increasing its existing stake to a total of 398.5 million shares in ITV or about 9.9 pct. of ITV's ordinary shares outstanding.Says that Liberty Global has at same time entered into a hedging transaction with respect to the ITV shares it has acquired and obtained further financing from its hedge counterparty.Says acquisition of additional ITV shares, combined with amending an existing hedging transaction with respect to ITV shares, will result in net cash being released to Liberty Global.  Full Article

ITV Plc declares interim dividend; Gives FY 2015 outlook
Tuesday, 28 Jul 2015 02:01am EDT 

ITV Plc:Has declared an interim dividend for 2015 of 1.9 pence, up 36 pct.Interim dividend is expected to be roughly third of full year dividend.Our outlook for remainder of year is unchanged and we expect to deliver another strong performance in FY 2015.  Full Article

BRIEF-Sky, ITV invest in GINX eSports TV owner

* Announces that it has invested 1.55 mln stg in GINX TV, owner of UK & Ireland's only 24-hour eSports tv channel, GINX eSports TV