ITN strikes 35m-plus deal to make Channel 5 news until 2020 | Media | The Guardian
Contract to make Channel 5s news output, in the past handled by Sky, is one of a handful critical for ITN to hang on to

ITN has struck a lucrative deal with Channel 5 to continue to make its news programmes until 2020.

Under the terms of the four-year deal, likely to have increased in value significantly from the reported 9m annual fee struck with previous owner Richard Desmond, the 5 News team will also move to a new base at ITNs headquarters.

MTV-owner Viacom bought Channel 5 two years ago
from Desmond, but the news operation has continued to be run from a studio in his Northern & Shell building.

On its move to ITNs Grays Inn Road HQ, Channel 5s news programme and set will be given a new look.

This deal reinforces our commitment to provide a high quality and accessible news service, said Paul Dunthorne, Channel 5s chief operating officer.

When Viacom took control of Channel 5 it gained permission from Ofcom to increase the amount of peak time news programming by 20% from a minimum of 100 hours to 120 hours annually. Its total news output rose from 240 hours to 260 hours annually.

The contract to make Channel 5s news output, which in the past has at times been handled by rival Sky, is one of a handful critical for ITN to hang on to.

ITN relies upon the contracts for making news for ITV, Channel 4 and Channel 5 for more than 70% of its total 120m revenues.

We are delighted to confirm this new four-year contract with Channel 5, said John Hardie, chief executive of ITN. 5 News consistently delivers distinctive, authoritative news programmes and I am delighted that Channel 5 has demonstrated its ongoing commitment to our innovative and high quality output.

In March, ITN unveiled an ambitious expansion strategy to reduce its dependence on news bulletins and boost total revenues by 50% in five years.