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First reported by BBC
ITV sells media and entertainment arm to Sky for £1.6bn

Streaming storm made ITV sharing a roof with Sky sadly inevitable

By

Nils Pratley

3h agoen

Source

The GuardianStreaming storm made ITV sharing a roof with Sky sadly inevitabletheguardian.com
Snippet from the RSS feed
While everyone agrees the deal is the end of an era, it was also unavoidable in the era of Netflix and Disney+ A generation ago, ITV was regarded as such a precious jewel in the UK broadcasting firmament that there was outrage when BSkyB, as it was, bought a 17.9% stake to stop anybody else getting their hands on the business. After a drawn-out saga, the then Murdoch-controlled Sky was forced by regulators to divest in the interests of plurality. Politicians breathed a sigh of relief. That was 2006. To say the UK television game has changed since those days is to understate matters grossly. As ITV unveiled its £1.6bn deal to sell its broadcasting business – but not its more valuable programme-making studios operation – to Sky, now under the ownership of US group Comcast, it was hard to detect any political uproar that might threaten the deal. Continue reading...

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