Ofcom has warned that the ITV network will be facing a loss of up to £64m a year by 2012, if it has to continue providing regional news bulletins, reports BroadcastNow.co.uk.
“The regulator indicated its support for establishing independent news consortia to deliver localised news across England, Wales and Northern Ireland.”
“The Digital Britain report released earlier this year also called for independent news consortias to take over the regional news slots on ITV, suggesting that the groups could comprise of existing media organisations and be funded by the surplus from the Digital Switchover fund.”
Last week John Hardie, ITN chief executive, called for separate contracts for replacement ITV regional news services to be issued for England, Scotland, Wales and Northern Ireland – ie. a single contract for the whole of England (via MediaGuardian).
Tags: broadcastnow, broadcastnow.co.uk, chief executive, GBP, ITN, ITV, john hardie, media organisations, news services, Northern Ireland, Ofcom, Scotland, United Kingdom, Wales
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