ITV considers giving up public service broadcasting status

ITV is considering handing back some or all of its ITV1 licences to broadcasting regulator Ofcom, a move which would spell the end of its commitment to regional news, according to a MediaGuardian report.

The broadcaster is said to be pressure from shareholders and is “running the numbers” on all options, including returning all 11 ITV1 licences for regions including Granada and Central.

Earlier this month ITV revised its plans to cutback on regional news, but still hopes to make £40m in savings.

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