With the straps, they are informative and the line under them works nicely as an accent however they don't appear to allow for 2 lines of text.
The font is still quite hard to read. Also, I think the logo and clock ticker should be on the left.
As well as this, the Blue on White combo is again - hard to read.
Change back to ITV1, as it's less confusing than calling the channel ITV and calling the company ITV!