Business Services Industry
Emphasis on World News, Iraq Strains TV News Budgets.
Knight Ridder/Tribune Business News, November, 2002
By Graham Lovelace, Sunday Business, London Knight Ridder/Tribune Business News
Nov. 17--These are expensive times to be a television news broadcaster. The increasing appetite among viewers for world news post-11 September, plus a looming war in Iraq, is straining the networks' news budgets and forcing executives to look for cost savings.
Those networks that rely on advertising revenues (ie, most) have been hardest hit. In the UK, the largest commercial television network, ITV, last November lopped UKpound 9 million (E14 million) off the annual UKpound 45 million (E72 million) fee it had paid ITN to provide its news programming.
ITN -- supplier of ITV's news since the network's inception in 1955 -- was forced to make redundancies,...
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