ITV could drop out of FTSE 100

ITV faces being relegated from the FTSE 100 after its value dropped 60 per cent in the last year, as Brand Republic point out. 

Next Tuesday is the London Stock Exchange’s deadline for its quarterly reshuffling of companies’ ranking and the new list will be out on 22 September.

Shares were selling at 43.8p at GMT 16:15 today, down from a year high of 112.7p, giving it a market capitalisation of about £8.3bn.

That leaves just five media companies in the FTSE 100: BskyB, Reed Elsevier, WPP, Pearson and Thomson Reuters.

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