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ITV agrees to sell M&E business to Sky, unlocking £950M cash return and growth for ITV Studios

Company Fundamentals
05 Aug 2026
Seeking Alpha
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Bullish
ITV agrees to sell M&E business to Sky, unlocking £950M cash return and growth for ITV Studios

ITV announced the sale of its Media & Entertainment (M&E) business to Sky, a move expected to generate a £950 million net cash return for shareholders. This transaction is described as transformative, enabling ITV to focus on its growing ITV Studios, a global content business with strong long-term value potential. ITV also declared an interim dividend of 1.7p per share and initiated a £100 million share buyback as part of returning cash to shareholders. The company remains on track for full-year growth in ITV Studios and digital revenue.

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