ITV to make extra £20m of cuts after Hollywood strikes hit revenues

ITV increased its cost-cutting plans after revenues were hit by writer and actor strikes (Ian West/PA) - (PA Wire)

ITV has said it will cut costs by a further £20 million after the Hollywood writers’ and actors’ strikes weighed on revenues.

Shares in the broadcasting firm slumped on Thursday morning after it saw sales slide on the back of weakness in its ITV Studios arm.