Business · 31 July 2026
ITV promises shareholders £950m after selling its media business to Sky for £1.6bn
The television network kicked off the promised returns on Friday by buying back £100m in shares before the deal completes. Britain's competition watchdog is currently investigating the agreement, which transfers control of free-to-air channels and the ITVX streaming app to Sky. ITV will hold onto its separate production division, the team behind popular hit programmes such as Love Island and The Chase.
Reported by City AM · How we write briefs