ITV confirms it is still ‘in discussions’ for possible Sky sale as it posts dip in profits
UK broadcaster ITV has said it remains in discussions with Sky regarding a possible sale of its Media and Entertainment business.
ITV announced in November last year that it was in early-stage talks for a possible sale of its media arm to Sky, in a deal valued at £1.6bn.
The business is behind major TV programmes including I’m A Celebrity… Get Me Out Of Here! and Love Island.
A statement from ITV issued today said: “Following our announcement in November 2025, we remain in discussions with Sky regarding a possible sale of the M&E business.
“There can be no certainty as to whether a transaction will take place and an update will be made in due course.”
It comes as ITV also posted a dip in its pre-tax profits for the year ending 31 December.
The company posted adjuster pre-tax profits of £448m, down from £472m a year prior.
Speaking on the results, Carolyn McCall, ITV chief executive, said: "ITV delivered a good performance in 2025, ahead of current market expectations and against a challenging market backdrop.”