Broadcast News
25/05/2011
Crozier Abandons ITV Bid For All3Media
Despite ITV's top executive aiming to buy in new programming and production, it has now emerged that the commercial broadcaster has given up on a bid to acquire super-indie All3Media.
In May, Adam Crozier, Chief Executive of ITV, revealed the company would seek out acquisitions to bolster its in-house production business.
"We hope to bring some of them back into the fold. Over time we may need to look at some acquisitions," he said.
He told The Sunday Telegraph that ITV Studios was a main engine of growth for the company but that the operation had been undermined by departures of key personnel over the past few years.
"There are a number of on-screen talents that set up their own production companies because they had lost trust in ITV Studios," he said, and hoped that on the first anniversary of his appointment that he could turn this around with new acquisitions.
He targeted All3Media, the UK's largest independent television producer, after it had set up a strategic review to achieve the sale of the business with a price range of between £600m and £750m.
The maker of Skins, Undercover Boss and Shameless has had informal conversations about a sale in the past year, but none have resulted in a deal, according to two people familiar with its past strategy.
Analysts said ITV would be interested in the company, with the broadcaster's new management having so overtly identified its own producer, ITV Studios, "as a weakness".
All3Media has a growing US business, which is expected to exceed $100m (£62m) in sales this year, and Adam Crozier has also said that international distribution is a key part of his plans.
Despite all this, ITV is now said to have pulled out leaving the field to others who have shown a desire to buy into UK TV production.
These are reported to include Time Warner and NBC Universal.
(BMcC/GK)
In May, Adam Crozier, Chief Executive of ITV, revealed the company would seek out acquisitions to bolster its in-house production business.
"We hope to bring some of them back into the fold. Over time we may need to look at some acquisitions," he said.
He told The Sunday Telegraph that ITV Studios was a main engine of growth for the company but that the operation had been undermined by departures of key personnel over the past few years.
"There are a number of on-screen talents that set up their own production companies because they had lost trust in ITV Studios," he said, and hoped that on the first anniversary of his appointment that he could turn this around with new acquisitions.
He targeted All3Media, the UK's largest independent television producer, after it had set up a strategic review to achieve the sale of the business with a price range of between £600m and £750m.
The maker of Skins, Undercover Boss and Shameless has had informal conversations about a sale in the past year, but none have resulted in a deal, according to two people familiar with its past strategy.
Analysts said ITV would be interested in the company, with the broadcaster's new management having so overtly identified its own producer, ITV Studios, "as a weakness".
All3Media has a growing US business, which is expected to exceed $100m (£62m) in sales this year, and Adam Crozier has also said that international distribution is a key part of his plans.
Despite all this, ITV is now said to have pulled out leaving the field to others who have shown a desire to buy into UK TV production.
These are reported to include Time Warner and NBC Universal.
(BMcC/GK)
Top Related Stories
Click here for the latest broadcast news stories.
02/10/2024
New QuickLink StudioPro™ Controller Control Panel To Launch At NAB New York
QuickLink is launching the new QuickLink StudioPro™ Controller control panel at NAB New York (Booth 1145). Also, at NAB New York, QuickLink will be de
New QuickLink StudioPro™ Controller Control Panel To Launch At NAB New York
QuickLink is launching the new QuickLink StudioPro™ Controller control panel at NAB New York (Booth 1145). Also, at NAB New York, QuickLink will be de
29/09/2017
RTS Announces Nominations For North West Awards 2017
The Royal Television Society (RTS) North West Centre has announced the nominations for its annual awards, at an event sponsored by Audio Network. Cat
RTS Announces Nominations For North West Awards 2017
The Royal Television Society (RTS) North West Centre has announced the nominations for its annual awards, at an event sponsored by Audio Network. Cat
02/10/2015
RTS North West Announce Awards Shortlist
The Royal Television Society (RTS) North West Centre has announced the shortlist for its annual awards at an event hosted by CBBC presenter Lauren Lay
RTS North West Announce Awards Shortlist
The Royal Television Society (RTS) North West Centre has announced the shortlist for its annual awards at an event hosted by CBBC presenter Lauren Lay
18/11/2014
Winners Announced For RTS North West Centre Awards
The Royal Television Society (RTS) North West Centre has announced the winners of its annual awards on 15 November at the Hilton, Manchester. The even
Winners Announced For RTS North West Centre Awards
The Royal Television Society (RTS) North West Centre has announced the winners of its annual awards on 15 November at the Hilton, Manchester. The even
23/07/2001
ITV TO FORM NEW ONLINE DIVISION
ITV ARE to form a new division, ITV Interactive, as the unified home for all online and interactive activities and the portal operations of ITV Active
ITV TO FORM NEW ONLINE DIVISION
ITV ARE to form a new division, ITV Interactive, as the unified home for all online and interactive activities and the portal operations of ITV Active
26/09/2024
Black Box® To Showcase Control Room Solutions At NAB New York
At NAB Show New York 2024, Black Box® is to showcase its cutting-edge control room solutions, featuring the Emerald® Unified KVM-over-IP product line
Black Box® To Showcase Control Room Solutions At NAB New York
At NAB Show New York 2024, Black Box® is to showcase its cutting-edge control room solutions, featuring the Emerald® Unified KVM-over-IP product line
26/09/2024
Marshall To Display Cutting-Edge Cameras At NAB New York
Marshall Electronics is to highlight a range of its cutting-edge cameras at NAB New York 2024 (Booth 1352). Marshall offers a wide selection of PTZ an
Marshall To Display Cutting-Edge Cameras At NAB New York
Marshall Electronics is to highlight a range of its cutting-edge cameras at NAB New York 2024 (Booth 1352). Marshall offers a wide selection of PTZ an
12/10/2010
RTS North West Announces Shortlist For 2010 Awards
The Royal Television Society has announced the shortlist for its 2010 awards in the North West - one of the UK's most respected and celebrated awards
RTS North West Announces Shortlist For 2010 Awards
The Royal Television Society has announced the shortlist for its 2010 awards in the North West - one of the UK's most respected and celebrated awards
16/05/2008
ITV Acquires Silverback
ITV has announced that it has acquired the Swedish-based independent production company and programme formats business Silverback AB. The deal is cons
ITV Acquires Silverback
ITV has announced that it has acquired the Swedish-based independent production company and programme formats business Silverback AB. The deal is cons
13/05/2004
SMG settles differences with ITV over digital rights
Following the recent sale of The Scottish Media Group's (SMG) 25% GMTV stake held to ITV plc, the two companies have reached an agreement on the use o
SMG settles differences with ITV over digital rights
Following the recent sale of The Scottish Media Group's (SMG) 25% GMTV stake held to ITV plc, the two companies have reached an agreement on the use o
24/11/2010
O'Donoghue Appointed ITV Studios MD
The co-founder and former Joint Managing Director of Hat Trick Productions, Denise O'Donoghue, is joining ITV as Managing Director of ITV Studios UK.
O'Donoghue Appointed ITV Studios MD
The co-founder and former Joint Managing Director of Hat Trick Productions, Denise O'Donoghue, is joining ITV as Managing Director of ITV Studios UK.
16/12/2010
Peel Media Announces ITV Move To MediaCityUK
Peel Media has announced that ITV is to move its Manchester-based operation, including Coronation Street, to MediaCityUK. Britain's longest-running so
Peel Media Announces ITV Move To MediaCityUK
Peel Media has announced that ITV is to move its Manchester-based operation, including Coronation Street, to MediaCityUK. Britain's longest-running so
19/04/2006
ITV Play launches on Freeview
ITV has today launched its newest digital channel on Freeview – ITV Play – with big name programmes lined up for the coming weeks. The ITV Play channe
ITV Play launches on Freeview
ITV has today launched its newest digital channel on Freeview – ITV Play – with big name programmes lined up for the coming weeks. The ITV Play channe
02/05/2002
Prebble quits as ITV chief
The chief executive of ITV, Stuart Prebble, has resigned. Prebble had been under pressure to quit because of the spectacular implosion of ITV Digital.
Prebble quits as ITV chief
The chief executive of ITV, Stuart Prebble, has resigned. Prebble had been under pressure to quit because of the spectacular implosion of ITV Digital.
29/04/2024
ITV Launches New Ambassador Programme
ITV has launched ITV Insiders, an unprecedented content ambassador programme that seeks to put ITV's brand and programming at the heart of millions of
ITV Launches New Ambassador Programme
ITV has launched ITV Insiders, an unprecedented content ambassador programme that seeks to put ITV's brand and programming at the heart of millions of