Nandy 'minded to intervene' in Sky's £1.6bn takeover of ITV entertainment arm
Summary
Lisa Nandy, the UK culture secretary, is considering intervening in Sky’s planned £1.6 billion purchase of ITV’s media and entertainment business. She is concerned the deal might reduce the variety of news views and free expression in the UK media, so she may ask the competition watchdog to investigate.Key Facts
- Sky plans to buy ITV’s broadcasting business, including free TV channels and the ITV X streaming service.
- The deal does not include ITV Studios, which produces shows like Love Island.
- Culture secretary Lisa Nandy said the deal could hurt free expression and reduce diversity in UK news.
- She may issue a public interest intervention notice to trigger a review by the Competition and Markets Authority (CMA).
- Sky News and ITV News together have about 26% of TV news viewers in the UK.
- The BBC controls 60% of the TV news market, while Sky and ITV together hold 26%.
- Nandy is concerned the deal will especially affect news variety in northern England, other UK nations, and lower-income groups who rely on broadcast news.
- Sky has promised to keep ITV’s identity and ensure both Sky News and ITV News remain separate editorial voices.
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