Table of Contents
The ITV boss is trying to reassure investors that she is “not going anywhere” amid speculation she plans to resign after six years at the helm of the broadcaster.
Despite the fall in share price under Dame Carolyn McCall, she is determined to see the commercial broadcaster transformed into a British production powerhouse and premium streaming service.
Sources close to McCall say she has never been a short-term manager, having spent 23 years helping to secure the future of The Guardian newspaper and seven years as chief executive of easyJet.
He invested heavily in a new fleet at the airline and improved service levels in the face of criticism from company founder Sir Stelios Haji-Ioannou.
Staying tuned: ITV chief executive Dame Carolyn McCall (pictured) is determined to see the broadcaster transform into a production powerhouse and premium streaming service.
McCall, 63, earned £2.9 million in 2023, down 22 per cent on the previous year.
She made headlines for alleged safeguarding failures on reality show Love Island and a scandal surrounding presenter Phillip Schofield.
The broadcaster will this week trumpet the unexpected growth of the ITV X streaming service, which will celebrate its second anniversary on December 8.
McCall’s strategic decision to invest money in ITV
ITV will say that “ITV’s streaming home has surpassed all other streaming platforms in viewing hours since its launch.” ITV
“Two years on, ITV
In the 24 months since ITVX launched, it has had six billion streams, with a 2022 World Cup match attracting only about 70 million streams.
But despite the encouraging trends, ITV shares have plummeted 49 per cent in the past five years. Shares are up 15 percent, but that hasn’t stopped speculation about McCall’s future at the network.
Yesterday they rose 0.1 percent. But sources close to the station insist she is not under any pressure from the board, led by Andrew Cosslett, to resign.
DIY INVESTMENT PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-to-use portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free Fund Trading and Investment Ideas
interactive inverter
interactive inverter
Fixed fee investing from £4.99 per month
sax
sax
Get £200 back in trading fees
Trade 212
Trade 212
Free trading and no account commission
Affiliate links: If you purchase a This is Money product you may earn a commission. These offers are chosen by our editorial team as we think they are worth highlighting. This does not affect our editorial independence.