ITV PLC 2020 European Football Championship postponement (4895G)
18 March 2020 - 1:28AM
UK Regulatory
TIDMITV
RNS Number : 4895G
ITV PLC
17 March 2020
17(th) March 2020
2020 European Football Championship postponed until 2021
UEFA have today announced that the 2020 European Football
Championship (Euro 2020) is being postponed until 2021. The direct
impact will be to reduce ITV's schedule costs in 2020 by GBP40m to
GBP50m, including the cost of replacement programming. There will
be no loss of sponsorship revenue as the tournament is
pre-sponsored. We look forward to broadcasting the Euros and
providing a significant marketing opportunity for advertisers in
2021, a year which does not have any other large sports
tournament.
ITV continues to closely monitor the implications of the
Coronavirus and will update the market further as appropriate. Our
priority remains to protect our people. Currently ITV's guidance
for March and April advertising revenue has not changed.
As we stated at the full year results, ITV has good access to
liquidity. We have GBP830m of undrawn facilities and no bond
repayments until September 2022.
For further enquiries please contact:
Investor Relations
Pippa Foulds
Faye Dipnarine +44 7778 031097
Media Relations +44 20 7157 6581
Paul Moore +44 7860 794444
Grant Cunningham +44 7764 210742
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