ITV's pre-tax profits soar 30% as it rules out Channel 5 bid

Revenues at ITV Studios rise 20% and income from online, pay and interactive, which includes ITV Player, up 16% in 2013

ITV has reported pre-tax profits up 30% to £435m for 2013, fuelled by a 20% leap in profits at ITV Studios, but chief executive Adam Crozier has ruled out a bid for Richard Desmond’s Channel 5.

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