India's ODI skipper Shubman Gill is all set to miss the upcoming three-match series against South Africa, according to a report in The Times of India, having suffered a neck injury during the first Test against the same opponent, with the Indian team management now wondering who will be the
Comcast's Sky in talks to buy ITV's media unit for $2.15 billion
British broadcaster ITV is in preliminary talks with Sky for a potential sale of its media and entertainment division, including its free-to-air channels and ITVX streaming platform, for approximately $2.15 billion. This move comes as ITV faces significant pressure from a weakening advertising market.
British broadcaster ITV said on Friday it was in talks with pay-TV company Sky, owned by Comcast, over a potential sale of its media and entertainment (M&E) unit for 1.6 billion pounds ($2.15 billion) including debt.
ITV's M&E division, which includes its free-to-air channels and its ITVX streaming platform, is dependent on advertising, and the group has been hit hard by weakness in the ad market.
The group, whose shares are trading around the levels they were 13 years ago, said on Thursday its ad revenue would be 9% lower in the last quarter of the year.
The potential sale was first reported by Bloomberg, and ITV, which has a market capitalisation of 2.53 billion pounds, called the discussions "preliminary" in its statement.
The British company traces its history back to the regional TV franchises launched in the 1950s, and has build up its Studios production business to offset advertising volatility.
The Studios business has been a focus of takeover speculation in recent years.
Reuters reported earlier this year ITV held early-stage talks with Abu Dhabi-backed group RedBird IMI about a possible merger of their respective production businesses.
French media group Banijay was also reported to have held discussions about a possible offer for ITV's studio business or a full takeover.
ITV's M&E unit made revenue of 955 million pounds ($1.28 billion) and adjusted earnings interest, tax and amortisation of 35 million pounds in the six months to end-June, the company reported in July.
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Source: EconomicTimes
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India's ODI skipper Shubman Gill is all set to miss the upcoming three-match series against South Africa, according to a report in The Times of India, having suffered a neck injury during the first Test against the same opponent, with the Indian team management now wondering who will be the
3 months ago
