Broadcast News

Bookmark and Share
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)
Solidmate Ltd Memory Card Hire London

Top Related Stories
Click here for the latest broadcast news stories.

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
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
25/10/2017
Production News : Production Begins On ITV's New Drama 'Clean Break'
Production has started on ITV's new drama Clean Break . ITV announced that Sheridan Smith has begun filming as Sam in the drama, produced by Sister Pi
15/09/2020
The Nerve Appoints New Business Development Director
The Nerve, the fast growing multi-genre music library launched by ex-Audio Network executives Juliette Squair and Scott Pearce earlier in 2020, has ap
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
29/11/2019
TV Nova's Content With New Production Tools
Every broadcaster who wishes to be known for their own image and style is obliged to seek the path of in-house production. To exist merely to regurgit
29/01/2020
Production News : ITV Studios Appoints New MD Of Its International Production Business
ITV Studios has appointed Lisa Perrin as the new Managing Director of its International production business. Lisa joins the company from Endemol Shine
11/04/2017
Production News : ITV Confirm New Game Show
Jason Manford has been announced as the host for a new game show for ITV. Every week, Bigheads will see some 'famous faces' go head-to-head in a fast
27/02/2020
Production News : ITV Commissions Two New Series
ITV Entertainment has commissioned two new series for weekend mornings, beginning in April. Kate Garraway and father and son duo Martin and Roman Kemp
01/06/2017
Pixel Power Supplies Factory Automated Production Systems To ITV
Pixel Power has supplied Factory automated production systems to ITV. It is being integrated into the broadcaster's campaign management system, ITV Ph
26/05/2017
Production News : Casting Announced For ITV Production 'Trauma'
ITV and Tall Story Pictures have announced casting for Trauma, an original drama written by multi award-winning playwright and dramatist, Mike Bartlet
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
04/08/2017
Telestream Appoints New VP Of Business and Corporate Development
Continuing a very active period of organic growth, acquisitions and strategic appointments, Telestream, has announced the creation of a new senior lea
05/10/2017
Production News : ITV Announces New Consumer Series
ITV has announced details of a new three-part series, How To Spend It Well At Christmas (W/T). The consumer series will be hosted by Phillip Schofield
12/10/2017
Production News : ITV Unveils New Commission
ITV has released details regarding a new mini-series called Cheat. The four-part drama focuses on the relationship between university professor Leah a