Shape Up or You're Out, Burt Warns Itv's Allen ; New Chairman Demands Higher Revenues or Heads Will Roll

Summary


ITV chief executive Charles Allen has been given a clear warning that he will be sacked if he does not expand the business.

Incoming chairman Sir Peter Burt said planned cost cuts so far were not enough and that Allen's priority must be to boost revenues.

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Shape Up or You're Out, Burt Warns Itv's Allen ; New Chairman Demands Higher Revenues or Heads Will Roll

Burt said: 'If he doesn't, we will have a real problem. You can't shrink your way to growth. We will have to grow t...

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