ITV Global's Peter Iacono exits

Exec leaves amid swingeing job cuts

LONDON -- ITV Global Entertainment chief Peter Iacono has parted company with the broadcaster less than three weeks after it announced plans to cull 600 jobs to cut costs.

Iacono is one of the highest-profile execs to exit the beleaguered U.K. broadcaster so far, confirming earlier speculation over his future at the commercial network.

Iacono was hired at ITV 15 months ago from Sony Pictures International by former production head Dawn Airey -- who quit ITV soon after to join Five. As head of distribution, he has lead international growth strategies for such shows as "Hell's Kitchen," "Lost in Austin" and "Come Dine With Me," and grown ITV's international co-production slate.

"My time at ITV has been hugely rewarding. I've been fortunate enough to work alongside some exceptionally talented people on a wide range of successful entertainment brands, and I'd like to thank my colleagues for all their commitment and enthusiasm," Iacono said.

ITV Global Entertainment commercial brands director Gustavo Antonioni is also exiting the company, having opted to take voluntary redundancy, a spokesman said Wednesday.

Last month, ITV executive chairman Michael Grade said that the broadcaster would have to drastically cut headcount, shift primetime schedules toward lower-risk entertainment shows and ax company dividends to protect its financial stability as advertising revenue is forecast to drop 15%-20% from last year.
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