ITV has revealed talks with Sky, the owner of Sky News, over the possible sale of its media and entertainment (M&E) division in a deal worth £1.6bn. Sky News understands the approach centres on the potential creation of a UK-focused streaming giant. The division takes in ITV's current broadcast operations and channels, which are largely dependent on advertising revenue. The talks do not include the company's studios arm, which makes shows such as I'm A Celebrity... Get Me Out Of Here! Read more: https://news.sky.com/story/itv-in-preliminary-talks-over-1-6bn-sale-of-media-and-entertainment-arm-to-sky-13465599 #skynews #breakingnews #itv #sky #comcast SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales