ITV confirms Sky sale talks
November 7, 2025 07.25 Europe/London By Julian Clover


ITV has confirmed it is in preliminary discussions with Sky for the sale of its Media and Entertainment business.

The bid values the business at £1.6 billion and would separate the broadcasting and studios businesses.

“ITV plc notes the recent press speculation and confirms that it is in preliminary discussions regarding a possible sale of its M&E business to Sky for an enterprise value of £1.6bn,” the broadcaster said in a statement.

“There can be no certainty as to the terms upon which any potential sale may be agreed or whether any transaction will take place. A further announcement will be made in due course if appropriate.”

Were the bid to be successful it would have far reaching implications for the UK broadcasting market,

In financial results released Thursday, ITV said it would temporarily reduce budgets by £35 million ahead of the Budget due later this month.

It is facing a reduction in advertising budgets of 9% in the crucial pre-Christmas advertising period.