Fears for UK News Agency ITN

ITN, the provider of news programming and information in the UK, including ITV and Channel 4's main news bulletins are facing a £40m pension deficit, which is expected to increase further this year casting doubt over the organisations continuing viability as a going concern.  In its annual accounts, audited by Deloitte, an "Emphasis of Matter" has been included.  Deloitte said in a statement regarding the deficit that it ""indicates the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern".

ITN said in its annual report notes that "there have been discussions with the pension fund trustees to put a new funding plan in place," and that the group is confident that a solution would be found by the March 2010 deadline.