More jobs cuts on the way for ITV and 5

A bleak week is being predicted for both ITV and Channel 5 this week.

Around 100 jobs or a third of the workforce may go at five and ITV as it prepares to announce its annual results may lose as many as 500 as it will announce a second efficiency review.

Already a thousand jobs have gonme at the commercial broadcaster.

For Channel 5 a new budget has been approved for the current year and is thought to include staffing cuts in the face of falling advertising revenue