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TRUSTED TO TELL THE WORLD’S STORIES Oscar-nominated documentary Annual Report 2016 Watani: My Homeland Contents OVERVIEW GOVERNANCE 2016 highlights 4 Board of Directors 22 Business review: Broadcast News 6 Executive Team 24 Business review: ITN Productions 12 Strategic report 28 Chief Executive’s review 18 Directors’ report 31 Chairman’s statement 20 Statement of Directors’ responsibilities 34 Independent Auditor’s report 35 ACCOUNTS Accounts 37 Independent Television News Limited 200 Gray’s Inn Road London WC1X 8XZ Telephone +44 (0)20 7833 3000 Registered number 548648 www.itn.co.uk 3 HIGHLIGHTS 2016 highlights ITN delivered a strong performance in 2016 as we continue to grow, diversify and change Group Group ITN Productions ITN Productions Revenue £m Operating Profit £m Revenue £m Operating Profit £m £129.7m £7.1m £42.8m £4.6m +8% +3% +26% +7% YoY YoY YoY 42.8 YoY 4.6 4.3 34.1 7.1 129.7 6.9 119.7 29.0 3.5 112.0 3.3 108.7 5.8 105.8 98.2 24.0 24.5 96.2 5.0 2.6 20.8 20.9 3.7 1.6 1.5 0.5 0.0 10 11 12 13 14 15 16 10 11 12 13 14 15 16 10 11 12 13 14 15 16 10 11 12 13 14 15 16 A bold new strategy ITN’s 2020 Vision Targets In March last year, ITN launched its 2020 Vision strategy to take the company forward to the next stage of its development and capitalise on new growth opportunities. £180m +£10m annual revenue operating profit Setting ambitious financial targets, ITN announced a number of strategic priorities aimed at achieving revenues of £180m+ by the end of 2020. The strategy puts a key focus on driving growth in businesses outside of TV News, accelerating organic diversification of output to generate more than 50% of total revenues by 2020. 5x 50% US business non TV-news It also sees an expansion of ITN’s total footprint, including a push to grow its US presence five-fold over the period to generate 10% of revenues by 2020. 4 Independent Television News Limited Annual Report 2016 5 HIGHLIGHTS Martha Kearney presents The Great Butterfly Adventure (BBC) 30broadcast commissions Interview with a Murderer (Channel 4) won a Royal Television Society Award 200 63major awards broadcast hours news programmes watched by up to 1600 + million football matches 9.7 filmed and edited every day 4 Independent Television News Limited Annual Report 2016 5 BROADCAST NEWS ITV News Getting Britain right, 365 days a year. ITV News gets the big exclusives, giving balanced reporting and analysis from a top team of expert journalists ITV News at Ten presenter Tom Bradby At a glance Produced by ITN since its inception Marshall, Allegra Stratton, Rohit Broadcast weekdays at in 1955, ITV News airs national Kachroo, James Mates, Rachel 1.30pm, 6.30pm and 10pm. news programmes at 1.30pm, Younger, Alok Jha, John Irvine and 6.30pm and 10pm, informing Steve Scott. Produced by ITN since 1955. public opinion and generating Presented by Tom Bradby, Julie debate through news exclusives, With international bureaux in Etchingham, Mary Nightingale, investigative journalism and bold, Johannesburg, Tel Aviv, Washington, Nina Hossain, Alastair Stewart accessible reporting on the latest Dubai and Beijing, home news and Charlene White. news agenda. coverage is reinforced by extensive eye-witness reporting around www.itv.com/news Broadcast live from ITN’s state-of- the world. The capital’s most the-art Chroma key virtual reality authoritative local news service ITV studio in London, Mary Nightingale News London is also produced by anchors the ITV Evening News at ITN. 6.30pm, while Tom Bradby or Julie Etchingham present News at Ten. Long-form current affairs output includes all ITN-produced episodes Led by editor Geoff Hill, ITV News of ITV’s documentary series Tonight, has a roster of specialist journalists while Rageh Omaar fronts the global including Robert Peston, Penny current affairs strand On Assignment. 6 Independent Television News Limited Annual Report 2016 7 BROADCAST NEWS Evening News presenter up to Mary Nightingale million 7.3 daily viewers 17 awards International affairs editor Rageh Omaar on assignment in Somaliland News at Ten presenter Julie Etchingham ITV News calls it first in Brexit referendum At 4.35am on a night of high political drama in June, ITV News was the first media outlet to call the EU Referendum result in favour of the Leave campaign. national bulletins audience share up 6 Independent Television News Limited Annual Report 2016 7 BROADCAST NEWS Channel 4 News Challenging expectations with stories that reveal and inspire, innovatively produced - with just a touch of mischief From l to r: Jackie Long, Krishnan Guru-Murthy, At a glance Matt Frei, Jon Snow and Cathy Newman Broadcast weekdays at 7pm. Produced by ITN since 1982. A news programme like no other, The inimitable Jon Snow is joined Channel 4 News continues to by fellow anchors Cathy Newman, Presented by Jon Snow, Cathy push new boundaries, challenging Krishnan Guru-Murthy, Matt Frei and Newman, Krishnan Guru-Murthy, expectations with depth, authority Jackie Long. They are supported by Matt Frei and Jackie Long. and compelling storytelling - all a roster of award-winning journalists www.channel4.com/news delivered with a distinctive flavour including Alex Thomson, Lindsey and edge. Hilsum, Kylie Morris, Gary Gibbon, Siobhan Kennedy, Jonathan Rugman Produced by ITN since its inception and Michael Crick. in 1982, Channel 4 News is broadcast live at 7pm every week day, with Channel 4 News goes beyond the shorter bulletins at varying times over headlines to tackle those stories that the weekend. often go unreported elsewhere. 8 Independent Television News Limited Annual Report 2016 9 BROADCAST NEWS 2billion online video views across all platforms Inside Aleppo Throughout 2016 Channel 4 News broadcast the images of Syrian camerawoman Wa’ad al-Kateab as she documented the plight of people trapped inside rebel-held East Aleppo. Together the films formed the Inside Aleppo series, an award-winning strand giving viewers a unique view of the lives of those left behind in a besieged city that was mostly out of bounds to western media. al-Kateab, who is now safely outside Aleppo, won both Young Talent and Camera Operator of the Year at the Royal Television Society Television Journalism Awards in March 2017. Her films from Aleppo have now been watched around 400 million times. “The most incredible thing,” says Channel 4 News editor Ben de Pear, “is she filmed most of her work holding a Award-winning filmmaker Wa’ad al-Kateab one-year-old baby daughter because she didn’t want to leave her anywhere because you never know what is going to happen in Aleppo. And for the last three months of the siege she was pregnant.” View Wa’ad al-Kateab’s journalism at: www.insidealeppo.com % 25 audience+3 share awards year on year 8 Independent Television News Limited Annual Report 2016 9 BROADCAST NEWS 5 News Sharp, bold and distinctive, 5 News always puts people at the heart its reports At a glance Sian Williams presents 5 News at 5 Broadcast weekdays at 5pm and 6.30pm. Launched by ITN in 1997. Since its launch in 1997, 5 News has Matt Barbet presents 5 News Tonight taken an innovative approach to at 6.30pm, focusing on interviews Presented by Sian Williams and Matt Barbet. television news. and analysis around the day’s biggest stories. www.facebook.com/C5News Editor Rachel Corp leads a team that produces distinctive national news The highly experienced on-screen programmes from Monday to Friday reporting team includes political at 5pm and 6.30pm, attracting an editor Andy Bell, chief correspondent average of 5.4m viewers per week. Tessa Chapman, Peter Lane, Simon Vigar, Cathy Jones and Julian Druker. Sian Williams, whose career spans 30 years of broadcasting expertise, 5 News is informed, relevant, down presents 5 News at 5, bringing her to earth and fun, with a mission to considerable experience and warmth speak both to and for its viewers. to the first terrestrial evening news programme of the day. 10 Independent Television News Limited Annual Report 2016 11 BROADCAST NEWS over million Matt Barbet presents 5 News Tonight at 6.30pm 5weekly viewers Bringing 5 News home 5 News made the move to ITN’s headquarters on London’s Gray’s Inn Road, uniting all of the organisation’s broadcast news businesses under one roof for the first time in over a decade. The relocation also saw the unveiling of a brand new ‘hard’ set, replacing the virtual reality studio used in recent years, as well as a new gallery and newsroom. Commenting on the move, 5 News presenter Sian Williams said: “5 News is bringing its bold, innovative, warm approach to the day’s events into a new home, joining our colleagues at ITN.” During 2016, ITN announced that a new four-year contract to produce 5 News had been agreed with Channel 5’s owners Viacom. 10 Independent Television News Limited Annual Report 2016 11 ITN PRODUCTIONS TV Production Award-winning, globally impactful programme production for the world’s biggest broadcasters Slum Britain: 50 Years On for Channel 5 ITN Productions is the award-winning producer of films produce military veterans’ challenge series The Triumph and series for major networks both in the UK and across Games for CBS Sports in the United States. the world. ITN Productions is also one of the UK’s leading Its televison output ranges from specialist documentaries independent producers of current affairs, with a wide such as the Great Butterfly Adventure for BBC Two, to range of output including ITV’s political talk show The prime-time factual entertainment series such as Car Crash Agenda with Tom Bradby, now in its ninth series, and Britain: Caught on Camera (ITV).
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