News Releases

Having today outlined the proposals for regional news with employees across the ITV News Group, ITV plc is providing further details of its cost efficiency programme, first announced as part of the ITV Turnaround Strategy in September 2007 and updated at the ITV year-end results in March 2008 and interims in August 2008. The cost efficiency programme is designed to sustain ITV plc’s £1 billion investment in UK content, which is at the heart of the Turnaround Strategy.

In September 2007 ITV plc announced that it would deliver £40 million of annual savings in its regional news services, taking effect in 2009. We shall now begin consultation with employees over proposals to reduce the headcount. It is anticipated that there will be approximately 430 job losses across the ITV News Group.

In addition, ITV plc confirmed at its interim results in August 2008 that by the end of 2008 it would deliver £41m in cumulative per annum savings (since 2006). ITV also indicated that, in the face of challenging market conditions, it intended to make further cost savings of £35 million across the company by 2010. Following restructures of the Finance, Press & Publicity, Brand & Commercial and ITV Global Content divisions – including Northern Resources – ITV can confirm that (also including the impact of disposals) its group headcount has been reduced by almost 425 positions to date with a further 75 roles which are in the final stages of consultation. A separate review of ITV’s Technology department begins today.

John Cresswell, Chief Operating Officer, ITV plc, said: “We are committed to a self-help, self-funding, solution to securing ITV’s future. In order to sustain our investment in UK content, we have to keep on top of our cost base. “

In total, and including company disposals, ITV plc expects to reduce headcount by around 1000 posts over 2008 and the first two months of 2009.

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For further information:

ITV Communications

Ruth Settle, 0207 156 7233

Mike Large, 020 715 67359

James MacLeod, 020 715 67236

Notes to Editors:

* The figure of 425 also includes the impact of the sale of Carlton Screen Advertising.

As part of Ofcom’s ongoing Public Service Broadcasting review and following a thorough consultation process, ITV proposed a restructured model for regional news to create nine regional news regions across England, Wales and the south of Scotland - with a further 15 sub-regional services broadcasting specialist local content during peak-time bulletins.

The restructured model will allow ITV to continue providing a high-quality and well resourced regional news service, whilst enabling the company to make the necessary £40 million savings in Public Service Broadcasting costs identified as part of the ITV Turnaround Strategy.

As part of an ongoing internal consultation, a timetable of change, draft job descriptions and details of the proposed job selection process for the new service, were issued to ING staff in July and September. A formal consultation process with unions will now begin.