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UK's ITV and Sky still "actively engaged" on deal, ITV CEO says - Finance news and analysis from Global Banking & Finance Review
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UK's ITV and Sky still "actively engaged" on deal, ITV CEO says

Published by Global Banking & Finance Review

Posted on June 4, 2026

1 min read

· Last updated: June 4, 2026

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ITV CEO Confirms Active Talks With Sky Over £1.6bn Media Division Deal

ITV in Negotiations to Sell Media and Entertainment Division

Ongoing Discussions With Sky

LONDON, June 4 (Reuters) - The chief executive of ITV said that the British broadcaster was still "very much actively engaged" in a deal to sell its media and entertainment division to Comcast's Sky.

CEO Carolyn McCall's Statement

"We are very much actively engaged in discussions," CEO Carolyn McCall told the Enders TMT Leaders Live conference on Thursday.

Deal Details and Valuation

She said she could not say more about the possible deal, first announced in November and which would value the business at £1.6 billion ($2.15 billion), because ITV is a listed company.

Currency Exchange Rate

($1 = 0.7440 pounds)

(Reporting by Paul Sandle, writing by Sarah Young; Editing by Muvija M)

Key Takeaways

  • ITV and Sky continue active negotiations over selling ITV’s Media & Entertainment arm for £1.6 billion, as confirmed by CEO Carolyn McCall (tvbeurope.com)
  • The proposed deal may include a performance-based earn‑out of around £200 million, and entails separating ITV’s broadcasting and streaming assets from its studios business (itv.com)
  • ITV forecasts a boost in advertising revenue—up ~10% in Q2 (April–June) and a strong July—driven by the upcoming World Cup, while maintaining full‑year guidance amid a challenging geopolitical environment (itv.com)

References

Frequently Asked Questions

What is the current status of the ITV and Sky deal?
According to ITV's CEO, the company is still 'very much actively engaged' in discussions with Sky regarding the sale of its media and entertainment division.
How much is the ITV deal with Sky worth?
The potential sale of ITV's media and entertainment division to Sky is valued at £1.6 billion ($2.15 billion).
Who is involved in ITV's potential sale?
The deal involves ITV, the British broadcaster, and Sky, a subsidiary of Comcast.
Why has ITV not disclosed more details about the deal?
ITV is a listed company, and its CEO said she could not share more details about the potential deal at this stage.

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