The Newsroom

All change at the top of ITN

CEO in suprise departure after turbulent time

CI
cityprod West Country (West) Spotlight
JK08 posted:
Viacom CBS execs apparently told Australian media that they are uncomfortable at US HQ about the ITN/5 arrangement (in response to a question on outsourcing 10 news like 5 news is in UK) I did see a similar article, I'll hunt.

CBS owned 5 is unlikely to go with NBC owned Sky. More likely to go in house or stand alone contract than another broadcaster.


'CBS/5 World News' anyone?


If they did go in house, they would have to upgrade their UK news operation quite substantially. Yes, they could back it up with the resources of both Network 10 in Australia and CBS News in the US, but they would still need to do significant upgrade work on the UK news operation, which is currently just the CBS News London Bureau.
JO
Jonwo
Channel 5 wouldn't be able to go in house until 2023 as they already signed a deal with ITN this year for news and Jeremy Vine and I suspect it's more cost effective for them to have the news handled by a supplier.
CI
cityprod West Country (West) Spotlight
Jonwo posted:
Channel 5 wouldn't be able to go in house until 2023 as they already signed a deal with ITN this year for news and Jeremy Vine and I suspect it's more cost effective for them to have the news handled by a supplier.


And that will probably continue to be the case, unless CBS wants to make a signifcant change to Channel 5 and increase the amount of news programming on the channel, and even then using a supplier will probably still be cheaper.
CH
chris Granada North West Today
JAS84 posted:
ITN has bigger problems than just declining reputation. This from the Telegraph:

For a major media company to have to include the legal statement about it as a going concern is really unusual. Pension deficit is £141 million, it's reported.
Shocked Are they saying they might be about to go bankrupt? What would happen to ITV News, Channel 4 News, and 5 News if ITN closes down?


Not necessarily. Deficits need dealing with, and it might become a matter of a deal with the pension regulator.

The shareholders are Thomson Reuters, DMGT (daily mail) and ITV PLC so they would have to decide to rescue the fund with the company as currently constructed, of if they don't the current company could become insolvent as liabilities fall due. In that case, the business could be sold off - it has valuable contacts with revenue - so what you see on air wouldn't change. The long term future is uncertain, but broadcasts earn cash so will continue, even if the company fell into legal administration and then sale.

To be fair the departing CEO after just 18 months or so tenure, its been a long time issue with pensions. The last CEO served for 8 years (John Hardie) and before that Mark Wood was CEO for 6 years. Pension debt hasn't happened overnight.

I'd imagine dealing with pensions and the staffing and culture issues (https://www.google.com/amp/s/www.dailymail.co.uk/news/article-7768219/amp/Channel-4-News-biased-against-Tories-say-journalists.html is one report, Mail as its free but paywalled telegraph and broadcastnow + private eye covered similar reports of staff, board and client tensions.

Sorry for long post, but facts matter rather than evidence free dismissal of a story.


You’re catastrophising a lot in your posts. You make out that the pension deficit is something new - it’s an age-old problem that predates ITN Productions, which has since seen massive revenue growth. Even with the pandemic, that arm has done well. ITV has done better than expected and appears to value its PSB status, and C4 and C5 would struggle to get a better deal than it has now.

A departing CEO is not a sign of a company on the brink - simply a sign of an ambitious person.
I don’t quite get what you’re trying to achieve other than, forgive my French, sh*t-stirring.
IS
Inspector Sands
JK08 posted:
Viacom CBS execs apparently told Australian media that they are uncomfortable at US HQ about the ITN/5 arrangement (in response to a question on outsourcing 10 news like 5 news is in UK) I did see a similar article, I'll hunt.

CBS owned 5 is unlikely to go with NBC owned Sky. More likely to go in house or stand alone contract than another broadcaster.


'CBS/5 World News' anyone?


If they did go in house, they would have to upgrade their UK news operation quite substantially. Yes, they could back it up with the resources of both Network 10 in Australia and CBS News in the US, but they would still need to do significant upgrade work on the UK news operation, which is currently just the CBS News London Bureau.

It's not really a case of upgrading what they have now, they'd effectively have to start from scratch. There would be a bit of crossover with what their bureau does for US audiences but not much and of course they still need to do that.
SE
TheSebastian
chris posted:
JAS84 posted:
shock: Are they saying they might be about to go bankrupt? What would happen to ITV News, Channel 4 News, and 5 News if ITN closes down?


Not necessarily. Deficits need dealing with, and it might become a matter of a deal with the pension regulator.

The shareholders are Thomson Reuters, DMGT (daily mail) and ITV PLC so they would have to decide to rescue the fund with the company as currently constructed, of if they don't the current company could become insolvent as liabilities fall due. In that case, the business could be sold off - it has valuable contacts with revenue - so what you see on air wouldn't change. The long term future is uncertain, but broadcasts earn cash so will continue, even if the company fell into legal administration and then sale.

To be fair the departing CEO after just 18 months or so tenure, its been a long time issue with pensions. The last CEO served for 8 years (John Hardie) and before that Mark Wood was CEO for 6 years. Pension debt hasn't happened overnight.

I'd imagine dealing with pensions and the staffing and culture issues (https://www.google.com/amp/s/www.dailymail.co.uk/news/article-7768219/amp/Channel-4-News-biased-against-Tories-say-journalists.html is one report, Mail as its free but paywalled telegraph and broadcastnow + private eye covered similar reports of staff, board and client tensions.

Sorry for long post, but facts matter rather than evidence free dismissal of a story.


You’re catastrophising a lot in your posts. You make out that the pension deficit is something new - it’s an age-old problem
.....

A departing CEO is not a sign of a company on the brink - simply a sign of an ambitious person.
I don’t quite get what you’re trying to achieve other than, forgive my French, sh*t-stirring.


On the post quoted I explicitly say: "To be fair the departing CEO after just 18 months or so tenure, its been a long time issue with pensions" yet you make the bizarre claim that i said the opposite.

Why?

It's a shame a lie get 'kudos' clicks when it's plain to see what was actually written. Very Trumpian.

Nothing I posted isn't supported by a reasonable interpretation of the facts. Just becouse it's not PR spin doesn't make it untrue
Last edited by TheSebastian on 11 November 2020 12:00pm
RA
radiolistener
GMc posted:
The biggest contract with ITV News is without a safe pair of hands editor now Geoff Hill has left for medical care and his long term cover Rachel Corp isn't well rated, supported or liked (according to 3x ITN senior staff opinion, said directly to me)


Rachel Corp was permanently appointed as Editor of ITV News last month, so must be rated by someone at ITN.


Yes, Anna Mallett and Chris Shaw are both fans, for different reasons. But 'rated' is more a measure of wider respect.

White, blonde, private school educated woman hires White, blonde, private school educated women isn't a shock. It's the 2020 version of the 1970s hiring of middle class, middle aged white guys from the same golf club

ITN has bigger problems than just declining reputation. This from the Telegraph:
Quote:
Ms Mallett, 46, is leaving ITN at a critical moment. According to its latest accounts, the company faces a material uncertainty over its ability to continue as a going concern, while the public service broadcasters for which it produces news are also under financial and regulatory pressure.


For a major media company to have to include the legal statement about it as a going concern is really unusual. Pension deficit is £141 million, it's reported.


ITN does seem to the archetypal private school boys and girls club. Very difficult to find anyone on the network both in front and behind the camera who wasn't privately educated. It's far worse than the BBC in that respect.
Soupnzi, Worzel and TheSebastian gave kudos
CI
cityprod West Country (West) Spotlight
JK08 posted:

'CBS/5 World News' anyone?


If they did go in house, they would have to upgrade their UK news operation quite substantially. Yes, they could back it up with the resources of both Network 10 in Australia and CBS News in the US, but they would still need to do significant upgrade work on the UK news operation, which is currently just the CBS News London Bureau.

It's not really a case of upgrading what they have now, they'd effectively have to start from scratch. There would be a bit of crossover with what their bureau does for US audiences but not much and of course they still need to do that.


Yeah, very true, but they do have a base of operations already, the CBS News London Bureau, but that would probably need major expansion and upgrades, and they'd need a minimum of 4 new bureau operations. Manchester (North of England), Cardiff (Wales), Glasgow (Scotland) and Belfast (Northern Ireland). They'd probably need more, but that's a bare minimum.
IS
Inspector Sands

Yeah, very true, but they do have a base of operations already, the CBS News London Bureau, but that would probably need major expansion and upgrades, and they'd need a minimum of 4 new bureau operations. Manchester (North of England), Cardiff (Wales), Glasgow (Scotland) and Belfast (Northern Ireland). They'd probably need more, but that's a bare minimum.

The other issue with that idea is that CBS's UK affiliate is the BBC. So when it needs coverage of the UK it uses BBC News material and resources.

So they'd end up with having to produce their own news for Channel 5 with Viacom/CBS UK resources..... but for CBS in the US they can use the BBC's
Last edited by Inspector Sands on 12 November 2020 5:29pm
BR
Brekkie Wales Wales Today
And worth pointing out 10 in Australia isn't exactly the model to go for considering they've just axed significant number of staff now broadcast from just Melbourne and Sydney, closing their studios in other states. Indeed the chatter down there has been about whether they should follow the C5 model and outsource their news.
Turns out nobody had 2020 vision.

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