ITV forecasts 10% drop in advertising revenues due to coronavirus

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Shares fall 8.5% as ITV says companies in travel sector are pulling ads as the virus spreads

ITV is forecasting a slump in advertising revenues of at least 10% in April as companies in the travel sector pull spend in the wake of the coronavirus outbreak.

 

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Surely with more people self-quarantining, sat in front of the TV, ad revenues should be up?

ITV needs to 'just believe' a bit more. This is Johnson's advice.

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