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ITV(ITV)

Sector:

Media

Index:

FTSE 100

Market Cap

£2,407.37m

Change Today

Price Down-1.00p

Share Price

61.90p

ITV fined £5.68m for phone-in abuses

Date: Thursday 08 May 2008

LONDON (ShareCast) - Commercial broadcaster ITV has been whacked with a huge £5.68m fine for misleading callers to its premium rate phone-in competitions.

"The fine, which is by far the highest imposed by Ofcom or any of the previous regulators, reflects not only the seriousness of ITV's failures but also their repeated nature," Ofcom said in a statement.

ITV has also agreed to donate an additional £7.8m for viewer compensation and to charity, without which the fine would have been ever higher Ofcom indicated.

By far the biggest fines, some £4.2m, related to abuses during comedy duo Ant & Dec's Saturday Takeaway and Gameshow Marathon shows.

Ofcom said the programme makers repeatedly chose members of the studio audience from the competition entrants on the basis of their suitability to be on screen. They also selected contestants before phone lines were closed.

Another ITV programme, Soapstar Superstar, received a fine of £1.2m for finalising results before the competition closed.

"ITV programme makers totally disregarded their own published terms and conditions and Ofcom Codes. Further there was a completely inadequate compliance system in place. The result was that millions of paying entrants were misled into believing they could fairly interact with some of ITV's most popular programmes," chairman of Ofcom's Content Sanctions Committee, Philip Graf said.

ITV executive chairman Michael Grade responded to the fine by saying: “'Ofcom's announcement today is an appropriate moment to restate ITV's unreserved apology to the public for breaches that took place between 2003 and January 2007.”

ITV has pledged an additional £7.8 million for viewer compensation and to charity. This fact was taken into account by Ofcom in reaching its decision on the level of the fines.

Ofcom's investigation considered information voluntarily supplied by ITV plc
from its review by auditors Deloitte and also material obtained by Ofcom during
its own investigations.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ITV Market Data

Currency UK Pounds
Share Price 61.90p Price Down
Change Today -1.00p
52 Week High 120.00p
52 Week Low 60.10p
Volume 21,548,023
Shares Issued 3,889.13m
Market Cap £2,407.37m
Beta 0.83
RiskGrade 176

Performance Indicators

Compare performance with the sector and the market.
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Key: vs Market vs Sector
Value
46.96% above the market average46.96% above the market average46.96% above the market average46.96% above the market average46.96% above the market average
28.06% above the sector average28.06% above the sector average28.06% above the sector average28.06% above the sector average28.06% above the sector average
Price Trend
62.82% below the market average62.82% below the market average62.82% below the market average62.82% below the market average62.82% below the market average
28.86% below the sector average28.86% below the sector average28.86% below the sector average28.86% below the sector average28.86% below the sector average
Income
55.99% above the market average55.99% above the market average55.99% above the market average55.99% above the market average55.99% above the market average
35.71% above the sector average35.71% above the sector average35.71% above the sector average35.71% above the sector average35.71% above the sector average
Growth
96.38% below the market average96.38% below the market average96.38% below the market average96.38% below the market average96.38% below the market average
95.65% below the sector average95.65% below the sector average95.65% below the sector average95.65% below the sector average95.65% below the sector average
Price Chg 6m
46.69% below the market average46.69% below the market average46.69% below the market average46.69% below the market average46.69% below the market average
10.07% below the sector average10.07% below the sector average10.07% below the sector average10.07% below the sector average10.07% below the sector average
P/E
21.61% below the market average21.61% below the market average21.61% below the market average21.61% below the market average21.61% below the market average
46.24% below the sector average46.24% below the sector average46.24% below the sector average46.24% below the sector average46.24% below the sector average
PEG Not Available
Dividend Yield
50.13% above the market average50.13% above the market average50.13% above the market average50.13% above the market average50.13% above the market average
57.69% above the sector average57.69% above the sector average57.69% above the sector average57.69% above the sector average57.69% above the sector average
EPS Growth
79.12% below the market average79.12% below the market average79.12% below the market average79.12% below the market average79.12% below the market average
70.73% below the sector average70.73% below the sector average70.73% below the sector average70.73% below the sector average70.73% below the sector average
Operating Margin
15.96% above the market average15.96% above the market average15.96% above the market average15.96% above the market average15.96% above the market average
30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 10
Sell 2
Strong Sell 5
Total 21
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

ITV Dividends

  Latest Previous
  Final Interim
Ex-Div 16-Apr-08 07-Nov-07
Paid 01-Jul-08 07-Jan-08
Amount 1.80p 1.35p

Trades for --2008

Time Volume / Share Price
0 @ 0.000p