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ITV in 'preliminary' talks over £1.6bn sale of media and entertainment arm to Sky
ITV enters early talks to sell its Media and Entertainment division to Sky for £1.6 billion amid declining UK TV ad revenue and rising streaming competition.
- ITV is in preliminary discussions to sell its Media and Entertainment division, which includes its TV channels and streaming service ITV X, to Sky for £1.6 billion.
- The potential deal comes as the television industry faces intense competition from streaming services like Netflix and Disney+.
- The deal would not include ITV's production arm, ITV Studios, which makes popular shows like Love Island and I'm a Celebrity...Get Me Out of Here.
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Comcast's Sky in talks to buy ITV's media unit for $2.15 billion
British broadcaster ITV said on Friday it was in talks with pay-TV company Sky, owned by Comcast , over a potential sale of its media and entertainment (M&E) unit for 1.6 billion pounds ($2.15 billion) including debt.
·United Kingdom
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Coverage Details
Total News Sources40
Leaning Left8Leaning Right3Center16Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 30%
C 59%
11%
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