ITV buoyed by advertising revenues - but for how long?

ITV (ITV) chief executive Carolyn McCall brought an end to speculation that the broadcaster was looking to capture a stake in BT Sport, but declined to comment on whether it would put in a bid for Channel 4, also the subject of media speculation. The update came as the group revealed that half-year profitability was boosted by strengthening advertising volumes, the resumption of productions, and helped along by a tightening rein on working capital, leading to £21m of savings.