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Read this: ITN reports pre-tax profit of £6.6m - Media -

Summary: The news and multimedia company, which produces bulletins for ITV, Channel 4 and Channel 5, posted its fourth successive year of operating profit growth despite turnover falling 3 to 105.8m. Revenues for the year to end December 2013 were down in part due to a small fall in news revenues and demand for archive clips from ITN Source which the previous year supplied footage from major events such as the Olympics and diamond jubilee. The rise in pre-tax profits was in part due to exceptional items including the sale of ITN's stake in digital education company Espresso Group for 2.5m in cash, which netted a 700,000 profit on disposal. -

Read full article: link icon  ITN reports pre-tax profit of £6.6m - M…

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