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The Fading Fortunes of ITV
The Commercial broadcaster ITV, once the television channel that dominated the nation, has seen its annual profits for 2007 fall by 35% to £188m after a ‘difficult year’.
The broadcaster has also seen its shares take a dive over the past year, hitting new lows in January and February. ITV has two main problems on its plate: a row about ownership, as rival broadcasters fight over what is left (BSkyB have a 17.9% stake in the firm) and advertising worries.
