Ending days, weeks, months (I can't remember) of speculation, ITV boss Charles Allen finally announced his resignation earlier today. As previously reported, some of the TV station's shareholders have been calling for Allen to go for sometime now over concerns the company is failing to cope with the ever growing amount of competition in the commercial TV space. Allen will formally leave on 1 Oct, with Finance Director John Cresswell then stepping in until a permanent replacement can be found.
In his resignation statement, he said some or all (well, possibly not all) of the following: "I have enjoyed enormously my 15 years with Granada and ITV and especially in creating a single ITV company and shaping the nation's number one commercial broadcaster as a major player in the digital age. It's a shame no one wants to watch it, but you can't have everything, can you?"
Speculation is now rife as to who will succeed Allen, but we never speculate here in the CMU Daily, so we won't be speculating on this one either. Well, possibly later in the week.