Originally Posted by Tassium:
“All these brilliant decisions by highly paid executives... and yet TV viewing spreads ever thinner.
Outside of the world of TV it's unusual for tiny "corner shop" traders to get a significant % of the big players business. Imagine a small trader getting 30% of the business of Tesco, it's unheard of.
And yet we have channels with almost no spending power competing with the likes of ITV1 in primetime.”
That's not really the case. How often does a digital channel beat ITV1 in primetime? And it is thanks to their digital portfolio that ITV actually grew their overall audience share in
the last quarter.
If the US market tells us anything, then we can safely say that in the not too distant future the digital channels will be real rivals to current market leaders as their resources grow. But that's business. It happens all the time in every market.
For the record, the fastest growing businesses in the UK grocery market are Lidl, Aldi and Waitrose. Smaller firms which are growing quickly by serving a market niche and taking away share from established market leaders. Sound familiar? The good thing for ITV is that they own the equivalents in the TV business!
Originally Posted by D.M.N.:
“Really (inc +1)
20:00 - Hart Of Dixie: 221k”
They'll probably be quite pleased with this. Can't say I was ever aware of the channel until they started advertising Hart of Dixie quite a bit. Quite a few of the UKTV channels seem to be doing well out of new US hits.
Originally Posted by SamuelW:
“Superstar is doing so badly, beaten by Channel4 yesterday. This is very embarrasssing for Itv network and their controller Peter Fincham who is incapable of having a new hit entertainment show, both in his time on BBC and Itv. What a terrible controller, paid millions of pounds and still cannot get an entertainment show rating 5million. The shareholders must be furious, they really should have invested in another company.”
Believe it or not, shareholders aren't sitting around, biting their nails as they await figures for ITV's latest summer series.
Peter Fincham is not paid millions of pounds. He's paid well. But not that well. (Not that he needs it, he made his millions many years ago). Granted he needs to look at the entertainment department but his tenure hasn't been bad, given the circumstances. Unless he goes back into the production sector, my guess is he'll wait it out at ITV until a Chief Executive job comes up.
Over the past month ITV shares are up just over 2%, broadly in line with the FTSE 100. Over the past year ITV shares (up 17%) have considerably outpaced the market (down 1%). Shareholders will be pretty happy, I'd imagine.