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Broadcast News
22/09/2009
Search For ITV Boss Stalls Over Pay
It has emerged that salary concerns are holding back a bid by ITV to find a new boss.
Their attempt to hire a new Chief Executive is stalling over the preferred candidate - said by the Daily Telegraph to be the former BSkyB boss Tony Ball - who is asking for a deal worth £30m over five years.
However, ITV's shareholders are unwilling to endorse such a generous pay package.
ITV is said to be working on a 'Plan B' - offering the position to current director of television Peter Fincham.
However, the station has declined to comment on the speculation.
ITV's existing boss, Michael Grade will step down from his current executive role to become a non-executive chairman before the end of the year.
The broadcaster needs action as it suffered a £105m loss for the first six months of the year in August after falling advertising revenues hit the company hard.
(BMcC/GK)
Their attempt to hire a new Chief Executive is stalling over the preferred candidate - said by the Daily Telegraph to be the former BSkyB boss Tony Ball - who is asking for a deal worth £30m over five years.
However, ITV's shareholders are unwilling to endorse such a generous pay package.
ITV is said to be working on a 'Plan B' - offering the position to current director of television Peter Fincham.
However, the station has declined to comment on the speculation.
ITV's existing boss, Michael Grade will step down from his current executive role to become a non-executive chairman before the end of the year.
The broadcaster needs action as it suffered a £105m loss for the first six months of the year in August after falling advertising revenues hit the company hard.
(BMcC/GK)
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