3 April 2020 – COVID-19 Update


Having announced a number of measures to reduce  costs and manage its cashflow in response to the COVID-19 pandemic on 23 March, ITV provided a further update on 3 April.  The Directors and Management Board are taking a 20% pay cut and bonus payments have been scrapped.  ITV has put in place a recruitment and salary freeze across the company.  We believe that the shares now look very cheap and rate them as a BUY.