What is Comcast's potential acquisition of ITV's media business?

Comcast is in preliminary talks to acquire ITV's Media & Entertainment business for £1.6 billion, which would add ITV's main network, linear channels, and streaming platform ITVX to Comcast's portfolio.

How is the British economy affecting ITV's media business?

ITV has warned of a "softening" British economy and is seeking to make additional cost savings within its Media & Entertainment division, as the TV advertising downturn has impacted major commercial broadcasters across Europe.

What is Paramount+ releasing?

Paramount+ has unveiled the first-look images for its upcoming darkly comic drama series 'The Revenge Club', which is set to premiere on the streaming platform in the coming months.

Home / Business and Economy / Comcast in £1.6B Talks to Acquire ITV's Media & Entertainment Business

Comcast in £1.6B Talks to Acquire ITV's Media & Entertainment Business

7 Nov

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Summary

Comcast in preliminary discussions to buy ITV's media and entertainment division for £1.6B
ITV warns of "softening" British economy, seeks cost savings in M&E business
Paramount+ releases first-look images for new darkly comic drama 'The Revenge Club'

Comcast in £1.6B Talks to Acquire ITV's Media & Entertainment Business

According to reports, media giant Comcast is in preliminary discussions to acquire ITV's Media & Entertainment (M&E) business for £1.6 billion. The potential deal would see Comcast, which already owns pay-TV provider Sky, add ITV's main network, linear channels, and streaming platform ITVX to its growing portfolio.

ITV has confirmed the talks, stating that there is no certainty a transaction will take place. The move comes as ITV warns of a "softening" British economy and seeks to make additional cost savings within its M&E division. The TV advertising downturn has impacted major commercial broadcasters across Europe, leading many to explore new revenue streams.