ITV’s executive chairman Michael Grade suggested today that the broadcaster could hand over responsibility for regional news to another organisation.

ITV boss Michael Grade today announced a 35% fall in annual profits following his first full year in charge at the commercial broadcaster.

ITV boss Michael Grade today pledged to invest in original programming under a “self-help” plan to revive the broadcaster.

As someone who never criticises artistic talent in public, Michael Grade stopped short of naming the TV turkeys that had raised his ire during his first two months as executive chairman of ITV.

A takeover bid for Scottish Power and the dramatic appointment of a new boss at ITV failed to lift the London market today as a weakening US dollar continued to take its toll.