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Read this: ITV's headache is longer lasting than the recession

Summary: The latest round of cost cuts at ITV come as little surprise. We were expecting a dividend cut, probable disposals of Friends Reunited and SDN, a cut to the programming budget and at least 500 job cuts. The commercial broadcaster has taken a 2.7bn write down on the value of its assets and the proposed cost cuts are unlikely to be enough to cover its losses. -

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