Independent Television (ITV) Essay Example | Topics and Well Written Essays - 1500 words

Independent Television (ITV) - Essay Example Companies Strengths and Weaknesses ITV Comprehensive income statement year ended 31st December 2011 indicated that, the company was able to attain a cost saving of twenty million pounds through its wastage and efficiency program (ITV, 2012). It was predicted that the company was going to attain another cost saving of twenty million pounds by the end of 2012 fiscal year (ITV, 2012). The report further indicated that, ITV was able to obtain net advertisement revenue of 1% by the end of 2011 fiscal year (ITV, 2012). During this year, ITV subsidiaries reported higher positive growth, for example, 1% growth was obtained from viewers followed by a 10% in digital growth (ITV, 2012). The report indicates that ITV was able to attain 21% growth through online revenues which translates to thirty four millions pounds as on 31st December 2012. Additionally, the company was able to achieve a 44% growth through distribution of its content (ITV, 2012). Connectively, revenue of thirty five million po unds was obtained from international production and another seven million pounds from investments (ITV, 2012). However, despite having a positive growth, the company has also been faced with some challenges. This is because, by the end of 2011, the company revenues from distribution business declined substantially by four million pounds (ITV, 2012). In above connection, another 5% decline in growth was reported by the end of 2011. Additionally, the company incurred a loss of thirty nine million pounds; the loss was attributed to bond that was purchased during this period (ITV, 2012). On the contrary, the financial statement of Wire and Plastic Product (WPP) reported operating profits of ?14.0 millions by the end of 31st December 2011, while in the previous year; the company reported... Independent Television (ITV) Independent Television was one of the ancient business networks established in the United Kingdoms in 1995 with an aim of channelling news and eradicating monopoly business that was dominated by BBC during that period. The company consists of broadcasting Channels that include the following; City television, Itv1, Itv2, Itv3 and Itv4. ITV Company sells formats and programs in the United Kingdom as well as in other parts of the world. The major sources ITV revenues emanates from sales and advertisement. Additionally the company provides online services to its clients through itv.com. Among the services being rendered by ITV include; online advertisement and online sponsorship. In above connection, the company conduct other operations through its ITV studios such as; entertainment, dramas, factual to name just but a few. In 1958, ITV directors issued 300,000 common stocks at four dollars each to the public through initial public offer.The company had been expanding across the world and has been portraying positive growth in the stock market. Therefore, based on the above report on portfolio analysis, I would advice Mike to invest his savings in ITV company because the company has higher returns that Mike can obtain and retain the rest given the fact that he is a conservative investor. Additionally, the company has lower risk exposure as indicated by its gearing ratio. Therefore, if Mike invests his savings in ITV securities he is guaranteed security of his investments.

'The basis of our government being the opinion of the people, the very Essay

'The basis of our government being the opinion of the people, the very first object should be to keep that right and were it l - Essay Example Press became a part of the commercial community in America (Conboy, 2002, p. 43). Sensationalism over the facts was a method by which readership of the newspapers was increased and also played a significant role in modifying public opinion. â€Å"Yellow Journalism† became an important style of reporting (U.S. Diplomacy and Yellow Journalism, 1895-1898, n.d.). This paper deals with the question â€Å"how important were newspapers in the United States in the 19th  century?† Social changes in Europe: Its validity in the context of contemporary USA The Nineteenth century saw the birth of a new Europe. Political and social changes occurred within the system of the continent and this change involved the common mass. The working class of the European countries was subjected to the ruling patriarchal system in which the government decided the right and wrong for the society. The population of each country was treated as subjects who were considered incapable of taking decisio ns and maximizing their own profits. The government took decisions for them that a father would take decision for his child. These decisions were imposed upon them from the outside and maximized the benefit of the government. This pattern of system was questioned with the onset of Liberalism in Europe. Changes in relationship between the government and its people The change in the social system made provisions for the commoners to read and write. They were given access to newspapers which helped them to get elaborate information about the happenings in the society. The common people got the chance to enter the political system and started to have access to political tracts. The establishment of the railways enabled the people to move from one place to another. This was a huge turning point. The freedom of movement of the people across different places allowed them to change their patrons and take employment from the employers of their own choice. In a nut shell, the commoners learnt to safeguard their own interests, make decisions of their own and would not again be subjected to the patriarchal system of government (Hamerow, 1983, p. 119). Edward Carrington was â€Å"a delegate to the Continental Congress from 1786 to 1788† (â€Å"Jefferson’s preference for â€Å"newspapers without government† over â€Å"government without newspapers†, 1787) sent by Thomas Jefferson. In this convention were the delegates that came from the colonies that later constituted the body to govern the United States of America. During this time, Jefferson expressed the importance of the press and its existence to Carrington in one of his letters. He emphasized â€Å"that every man should receive those papers & be capable of reading them† (â€Å"Jefferson’s preference for â€Å"newspapers without government† over â€Å"government without newspapers†, 1787). Jefferson would prefer to have efficient newspapers without a government in the country. The newspapers would act as effective mode of communication and transfer of information which were the most important necessities for having a stable nation. In his strong opinion, if the government becomes inattentive towards the interests of the public, they become exploitative and the commoners are subjected to exploitation. In this context, it has been aptly described that â€Å"man is the only animal which devours his own kind† (Amendment I (Speech and Press), 1787) and the poor becomes the prey of the richer classes. His radical insights probed into the character of the government and