ITV is continuing conversations with Comcast's Sky regarding the possible sale of its media and entertainment division, the British broadcaster's CEO said on Thursday.
"We are very much actively engaged in discussions," Carolyn McCall told attendees at the Enders TMT Leaders Live conference. The comment reaffirmed that negotiations are ongoing between the two parties.
McCall added that she was unable to provide additional information about the potential transaction, explaining that ITV's status as a listed company places limits on what executives can disclose publicly. She did not expand on the timetable, terms or specific next steps for the discussions.
The prospective sale was first disclosed in November and has been reported to place a value of 1.6 billion, equivalent to $2.15 billion, on the business being discussed. Beyond restating the ongoing nature of talks and citing disclosure constraints, McCall's remarks at the conference offered no new details about the structure or scope of the proposed deal.
Investors and market participants will need to await formal announcements from ITV and any counterparties for further particulars. For now, the public record remains limited to the earlier disclosure in November and McCall's confirmation that talks continue.
Context and implications
The CEO's statement confirms that discussions remain active but does not change the factual record around the proposal's previously reported valuation. As ITV is a publicly listed company, management's ability to comment on live negotiations is restricted pending formal disclosures to shareholders and market regulators.
Any material update would likely be released through official company channels in line with regulatory requirements for listed entities.