ITV selling its media and entertainment business to Comcast's Sky for up to about $2.14 billion is positive, Bernstein analysts write. It will leave ITV with its crown-jewel studio business, they add. The unit is highly sought-after and has been growing revenue in recent years, they add. Shares rise 1% to 82.55 pence. (adam.whittaker@wsj.com)
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ITV Retains Crown Jewel in Positive Deal with Sky — Market Talk
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ITV selling its media and entertainment business to Comcast's Sky for up to about $2.14 billion is positive, Bernstein analysts write. It will leave ITV with its crown-jewel studio business, they add. The unit is highly sought-after and has been growing revenue in recent years, they add. Shares ris…