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UK Culture Secretary issues intervention notice for Sky and ITV merger
UK Culture Secretary Lisa Nandy has issued a Public Interest Intervention Notice (PIIN) regarding Sky’s proposed £1.6 billion ($2.1 billion) acquisition of ITV Media & Entertainment Holdings Ltd. This decision triggers formal regulatory scrutiny by the Competition and Markets Authority (CMA) and Ofcom.
The CMA will investigate competition and jurisdictional matters, while Ofcom will examine media public interest considerations. These include the necessity of free expression in news media, the requirement for a sufficient plurality of views in the UK news market, and the availability of a wide range of broadcasting and on-demand programming. Nandy indicated she intends to introduce legislation to update public interest considerations to explicitly include streaming services.
The deal, announced in July, involves Sky acquiring ITV’s terrestrial TV channels and its streaming service, ITVX. ITV Studios will remain a separate entity. Following the receipt of reports from the CMA and Ofcom, Nandy will decide whether to refer the merger for a more detailed investigation by the CMA.
Entities
Competition and Markets Authority · ITV · Lisa Nandy · Ofcom · Sky
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Lisa Nandy will bring forward legislation to include streaming in public interest considerations. deadline.com
- [○ 1 SOURCE] The deal includes ITV’s terrestrial TV channels and the streaming service ITVX. www.hollywoodreporter.com
- [● 3 SOURCES] Culture Secretary Lisa Nandy issued a Public Interest Intervention Notice (PIIN) regarding Sky’s acquisition of ITV Media & Entertainment Holdings Ltd. www.advanced-television.com · deadline.com · www.hollywoodreporter.com
- [● 2 SOURCES] The acquisition price is £1.6 billion (approximately $2.1 billion to $2.2 billion). deadline.com · www.hollywoodreporter.com
- [● 2 SOURCES] ITV Studios will continue to operate as a separate company. deadline.com · www.hollywoodreporter.com
- [○ 1 SOURCE] Regulators are expected to report back by January 27. deadline.com
- [● 2 SOURCES] The CMA will report on jurisdictional and competition matters. www.advanced-television.com · www.hollywoodreporter.com
- [● 2 SOURCES] Ofcom will report on media public interest considerations under section 58 of the Enterprise Act 2002. www.advanced-television.com · www.hollywoodreporter.com