ITV has suffered an investor revolt after a quarter of shareholders failed to back chief executive
Shareholders balked at a deal that will see Crozier's maximum bonus at the broadcaster increased from 180% to 200% of his pounds 900,000 salary, while the maximum payout under his long-term incentive plan will rise from 225% to 350% of salary.
However, only 74% of investors backed ITV's remuneration report with 21.5% of shareholders voting against and a further 4.3% withholding their vote.
The vote came as the home to
In response to the unflattering figures, Crozier forecast a return of lost viewers and boost to net advertising revenue by 12%-13% in the second quarter.
He said the business had put together a stronger lineup of programmes, including the start of the football World Cup finals in June.
First-quarter advertising revenue rose only 2%, but the company said it achieved a 19% rise in the April advertising spend thanks to a late Easter and promised it would lift advertising revenue by 7% in May, with the World Cup expected to help it to a 12%-15% rise in June.
Photograph: Thames TV/Syco/ITV/PA
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