ITV shake-up aims to boost streaming and cut costs

ITV will cut costs and reduce office space under plans to boost its streaming operations amid the rise of competitors such as Netflix and Disney. The commercial broadcaster will create a new media and entertainment division made up of two new business units - broadcast and on-demand. Director of television Kevin Lygo will be managing director of the division and head the broadcast unit, while chief marketing officer Rufus Radcliffe will lead on-demand. The on-demand unit will take in ITV's catch