ITV is planning an additional £20M ($25.9M) in cost savings, as impacts of the 2023 Hollywood labor strikes hit its production arm.
Full-year advertising revenue is expected to be up around 2.5 percent, "with the fourth quarter expected to be down around 6-7 percent," the U.K. TV giant said.
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Shares in the broadcasting firm slumped on Thursday morning after it saw sales slide on the back of weakness in its ITV Studios arm.