19 June 2006

A new corporate identity, increased investment by shareholders and the launch of re-branded website

From today, ITN Archive, one of the world’s largest and most comprehensive moving footage collections, becomes ITN Source and celebrates the launch of a re-branded website.

The change of identity is part of a wider company re-positioning, reflecting ITN’s status as a leading provider of broadcast and other content. The new corporate identity underpins ITN’s vision and commitment to delivering Right Content Right Now to all of its customers.

To support this, over £1million will be invested in accelerating the growth of ITN Source and ITN’s 3G mobile business, ITN On (formerly ITN Multimedia). This news follows last year’s multi-million pound shareholder investment which has already funded significant developments in both businesses. Turnover for ITN Source and ITN On has trebled over the past two years and is currently growing at around 35% year on year.

As part of this investment, ITN Source has launched its new website - www.itnsource.com - which has been re-designed to help users navigate the new-look site more quickly and efficiently.

Today’s changes are the first phase of an ongoing upgrade to the website. In September, itnsource.com will introduce a range of new features and services that will make it the most advanced digital video source in the world. Website users will be provided with a comprehensive e-commerce platform where they can set up project areas, select, share and order clips, and manage their own accounts. As well as allowing visitors to view video online, the site will be constantly updated, enabling customers to see brand new footage immediately.

Sue Thexton, Managing Director, ITN Source , said: “Today’s re-branding signifies a very exciting period of change right across ITN. Changing our name to ITN Source more accurately reflects what we do and communicates the diverse range of content we have to offer customers.

“As a business, we have already been living the Right Content, Right Now concept, and the new investment will allow us to do so with even better efficiency. The new corporate vision confirms is that ITN isn’t just a news company, but a dynamic and creative innovator. ”

Mark Wood, Chief Executive, ITN , said: "ITN is now well positioned as a specialist media company with core businesses in the generation, packaging, aggregation and distribution of news and other multimedia content for different platforms. Our news businesses are at the top of their game and the investment in the growth areas of the business has started to bring real benefits.

“The company has the financial strength and the support of its shareholders to exploit changing market trends and customer needs. Together, these developments will help us take another step forward, as we seek to secure our future as an innovative, profitable company.”

 

Notes to Editors:

From today, the businesses comprising ITN will be:

ITN News (includes ITV News, ITV London News, Channel 4 News, More 4 News)

ITN Source (formerly ITN Archive)

ITN On (formerly ITN Multimedia, this includes ITN Radio)

ITN Factual

Visual Voodoo

ITN Consulting

ITN’s shareholders are ITV plc (40%), United Business Media (20%), Daily Mail & General Trust (20%) and Reuters (20%).

 

Revenue breakdown

 

	2000	2005
News	89%	75%
ITN Source (Archive)	5%	14%
ITN On (Multimedia)	0.5%	4%
Production	5%	6%
Other	0.5%	1%

 

About ITN Source

ITN Source (formerly ITN Archive) is one of the world’s largest and most respected providers of moving image content, housing over 700,000 hours of footage across a diverse range of collections including historical footage, iconic images, music, entertainment programmes, natural history and film. With hours of material added everyday, ITN Source is the world’s fastest growing video archive business, containing defining moments and images captured over three centuries.

ITN Source represents the footage of ITN, Channel 4, Granada, British Pathé, Reuters, Fox News and Fox Movietone and other specialist collections. ITN Source recently signed a unique partnership deal with Google to supply video content to its innovative Video Store.

With headquarters in London, ITN Source has sales offices across the globe in New York, Los Angeles, Canada, Berlin, Paris, Johannesburg, Sydney and Tokyo.

For more information, visit www.itnsource.com

About ITN

ITN is one of the world’s leading news and multimedia content companies. It broadcasts network news programmes and creates, packages, aggregates and distributes other content to a wide range of customers around the globe. Tailored to its customers’ needs, ITN’s content is on every media channel from television to the internet to mobile phones.

For further information, please contact:

Lucy Puddefoot, PR Executive, ITN Source: Tel: +44 (0)207 430 4599