ITV's Media & Entertainment Sale to Sky Progressing as Planned

• ITV's CEO Carolyn McCall confirms the sale of its Media & Entertainment business to Sky is progressing as planned.
• The deal involves ITV's channels and its ITVX streamer.
• ITV cut £25 million ($33.4 million) from its fourth-quarter content spend due to weaker advertiser demand.
• The sale, valued at $2.13 billion, is currently under regulatory review.
• The transaction covers ITV's channels and its ITVX streaming service.