Business
2020 European Football Championship postponement
2020 European Football Championship postponement.
About this update from Itv Plc
[{"type":"text","content":"\n \n \n RNS Number : 4895G\n ITV PLC\n 17 March 2020\n \n \n \n 17th March 2020\n \n 2020 European Football Championship postponed until 2021\n \n \n \n \n UEFA have today announced that the 2020 European Football Championship (Euro 2020) is being postponed until 2021. The direct impact will be to reduce ITV's schedule costs in 2020 by £40m to £50m, including the cost of replacement programming. There will be no loss of sponsorship revenue as the tournament is pre-sponsored. We look forward to broadcasting the Euros and providing a significant marketing opportunity for advertisers in 2021, a year which does not have any other large sports tournament.\nITV continues to closely monitor the implications of the Coronavirus and will update the market further as appropriate. Our priority remains to protect our people. Currently ITV's guidance for March and April advertising revenue has not changed.\n \n \n As we stated at the full year results, ITV has good access to liquidity. We have £830m of undrawn facilities and no bond repayments until September 2022.\n \n \n For further enquiries please contact: \n \n \n \n \n \n \n \n \n Investor Relations\n \n Pippa Foulds\n Faye Dipnarine\n \n \n Media Relations\n \n Paul Moore\n Grant Cunningham\n \n \n \n \n \n +44 7778 031097\n +44 20 7157 6581\n \n \n +44 7860 794444\n +44 7764 210742\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.\n END\n \n STRBSGDXXDBDGGR\n ","length":3502,"tagName":"div"}]