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As ITV Takeover Rumors Climax, How Likely Is a Sale of the U.K. Public Service Broadcaster?
U.K. broadcaster ITV is being circled by several companies and could potentially spin off its production arm ITV Studios to the highest bidder.
Over the weekend, a well-sourced Sky News report suggested that McCall is open to entertaining bids, with a number of potential suitors holding “early-stage discussions” about throwing their hat in the ring. “We didn’t look to sell it but we got a fantastic offer and we took it,” McCall said at the RTS conference, adding that the platform no longer aligned with its overall strategy, which is to “expand globally with Studios and to be a really brilliant national broadcaster.” If ITV is up for sale, it may prove attractive to those who had considered buying fellow commercial U.K. PSB Channel 4 when, under the previous government, plans were in motion to privatize the network.
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