Corrected summary: ITV is selling its Media and Entertainment business to Sky for up to £1.6 billion, enabling a major cash return to shareholders and transforming ITV Studios into a focused global content business. The deal includes a long-term content partnership, regulatory commitments, and pension measures. ITV Studios will target above-market growth and maintain strong financial discipline.
Original document:
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.