Skip to contentSwipe for next articleIndependent Bulletin homepageDownload our appAllNewsSportCultureLifestyleWant to bookmark your favourite articles and stories to read or reference later? Start your Independent Membership today.Join todayAlready a member? Log inHolly WilliamsWednesday 11 November 2026 10:06 GMTITV has revealed plans to cut costs by another £30 million by the end of the year (PA Archive)ITV is planning an additional £30 million in cost reductions before the end of the year following an eight per cent drop in advertising revenues during the third quarter.Culture Secretary Lisa Nandy has intervened in Sky’s proposed £1.6 billion takeover of ITV’s media and entertainment division, ordering investigations by the CMA and Ofcom by 27 January.The broadcaster attributed the advertising slump to increased competition from streaming rivals, broader macroeconomic uncertainty, and new restrictions on junk food advertising.ITV chief executive Dame Carolyn McCall confirmed that content delays will account for £25 million of the savings, alongside £5 million in discretionary cuts, with no job losses planned.The takeover deal involves merging ITV’s terrestrial channels and streaming service ITVX with Sky, while its production arm ITV Studios will be spun off as a standalone listed company.In fullITV to slash costs by £30m ahead of Sky takeover deal probeMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in