Allen’s job at ITV under threat

Charles Allen, the qualified accountant and long-serving chief executive at
commercial broadcaster ITV, may be ousted from his job in the next six weeks,
the Guardian reported. 

An ‘informed’ City source told the paper that it was ‘conceivable’ that
shareholders would press for Allen’s resignation if the August 9 interim results
showed no signs of improvement from the broadcaster’s current slump.

Shares in ITV are hovering around the 100p mark, well below the
130p-per-share takeover bid Allen rebuffed three months ago.

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