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ITV Layoffs Loom As Brexit Nears
- Variety, Tuesday, October 25, 2016 10:43 AM
British commercial broadcaster ITV is getting ready to cut 120 jobs, as Britain arranges its exit from the EU. Variety says companies nationwide are cutting an estimated $489 million from marketing budgets, leading to a decline of 1%-2% in TV ad revenues. That could make it the worst year since the recession.
