ITV, Sky
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UK network has confirmed it is talks with Sky owner Comcast over a £1.6B ($2.1B) sale of its Media & Entertainment business.
ITV has confirmed talks with Sky over a potential £1.6bn sale of its media and entertainment division, including ITVX, in a deal that could reshape the UK broadcasting landscape.
U.K. TV giant ITV, led by CEO Carolyn McCall, is planning 35 million ($46 million) in “temporary,” or “one-off,” cost savings amid “softer” advertising demand in the fourth quarter. The news came Thursday as the company reported the latest revenue for its ITV Studios production arm and advertising business.