Sky is buying ITV's media and entertainment business in a deal worth £1.6 billion. The takeover still needs regulatory approval from Ofcom, which will examine its impact on competition and media plurality. ITV's channels and ITVX will remain free-to-air, and all public service broadcasting obligations, including regional news, will continue in full. Sky has committed that from 6pm to 9:30pm, ITV's evening content must be original programming, and the deal promises more sport on free-to-air television. ITV News and Sky News will remain separate editorial voices.
ITV PLCITV sells its media business for £1.6 billion, providing a cash inflow and strategic exit
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