ITV to outperform TV market in 2013

ITV should outperform the TV ad market in 2013 even though its share of commercial impacts declined last year, according to its chief executive, Adam Crozier, who said revenue in the first quarter increased by 5 per cent.

Ant & Dec’s Saturday Night Takeaway: the tenth series was unveiled on ITV last week
Ant & Dec’s Saturday Night Takeaway: the tenth series was unveiled on ITV last week

Speaking after ITV’s preliminary results, Crozier said ITV’s spot ad revenue rose 7.5 per cent year on year in January, was flat in February and is likely to increase by 7 per cent in March.

Brands in the retail, telecoms and broadband sectors were responsible for much of the revenue growth in the first quarter, Crozier added.

The rules governing how ITV sells its airtime, Contract Rights Renewal, allow media agencies to reduce adspend when audiences decline, but Crozier said the deals agreed in the autumn trading season mean ITV should outperform the market in 2013.

Crozier said ITV had agreed "staggered multi-year deals" with agencies during the trading season.

ITV’s on-screen performance was hit by rival coverage of the Olympics and the Jubilee last year, but it won’t face this competition in 2013. The year has started strongly with shows such as Ant & Dec’s Saturday Night Takeaway.

In 2012, ITV’s spot revenues were flat at £1.51 billion. Crozier said ITV and BSkyB’s Sky Media outperformed the TV ad market, which was down 1 per cent year on year.

Have your say...

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Media Week Jobs
Search for more media jobs

Latest

Pre-tax profits fall by 90% at UTV

Pre-tax profits fall by 90% at UTV

UTV Media has reported a fall in pre-tax profits of 90 per cent for the first half of 2015.

Share
Why publishers' brand strategy must be fluid and flexible

Why publishers' brand strategy must be fluid and flexible

Jerry Wright, the chief executive of ABC, warns not to place too much faith in false dawns or recent sunsets in the publishing sector.

Share
The trillion dollar question: can Facebook's virtual assistant succeed where others have failed?

The trillion dollar question: can Facebook's virtual assistant succeed where others have failed?

Think of a world where Facebook knows where you are, where your next meeting is, and how long it'll take you to get there, imagines Mindshare's head of mobile.

Share

Get news by email