ITV: RDF commissions on hold

ITV has told RDF Media that no new programmes will be commissioned "before and subject to" the publication of the independent inquiry into the circumstances surrounding the BBC's autumn press launch.

This follows the announcement from the BBC that there would be a "pause in commissioning any new programmes" from RDF until its investigations into the documentary a A Year with the Queen were completed.

The inquiry is understood to be reporting by the end of September. After a 10% drop yesterday morning, RDF's share price fell 18% this morning.

A statement from RDF to investors said: "The directors do not consider that a pause in commissioning by ITV will have a material impact on the group's results in the current year. RDF expects contracted revenues from ITV to account for approximately 11% of the group's total revenues this year. "