ITV PLC to Discuss Sale of ITV M&E Business Call Transcript
Good morning, and welcome to ITV's Investor Call on the announced sale of our media and entertainment business to Sky. As always, I'm here with Chris Kennedy, our group's CFO and COO, who will talk about the financial details of the transaction. We're also joined by Julian Bellamy, the Managing Director of ITV Studios, and David McGraynor, the COO of ITV Studios, who will walk you through why ITVS, as a standalone business, will create further shareholder value.
The deal announced today is a transformative moment for the ITV Group. It creates significant value for shareholders, enabling a cash return of GBP950 million. It protects and secures the future of ITV media and entertainment as a public service broadcaster, and it unlocks the value of studios and provides the best of both worlds, creating a distinctive pure-play global content business supported by a longer-term relationship on content with ITV M&A and Sky.
The combination of two complementary businesses. ITV M&E with ITVX and its free-to-air channels
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
