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BBC Business·· 16d ago

Culture Secretary Nandy considers intervening in Sky's £1.6bn takeover of ITV entertainment arm

Original source: BBC BusinessRead original
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Culture Secretary Lisa Nandy is minded to intervene in Sky's proposed £1.6bn deal to acquire ITV's media and entertainment division, citing concerns that the deal could affect free expression and the variety of Britain's news landscape. Nandy stated the Competition and Markets Authority (CMA) should investigate public interest considerations, including the need for a range of views and people controlling the media across the UK. While Sky and ITV believe the deal will create a stronger British media and help compete with global streaming platforms, Nandy noted that 86% of the news market is controlled by the BBC and Sky/ITV, potentially impacting the North of England and lower socio-economic backgrounds.

Source: BBC Business · bbc.co.uk