ITV Reveals Early Share Buyback Of $140M Before Sky Deal Completes As Broadcaster Unveils First Set Of Results Since Confirming The Deal

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ITV has released its first financial results since confirming the $2 billion deal to sell its broadcast and streaming business to NBCU's Sky. The broadcaster reported slightly improved figures compared to the previous year. Consequently, CEO Carolyn McCall announced a share buyback valued at £100M, approximately $135M to $140M, as an early return to shareholders. This strategic move follows the announcement of the significant transaction with the media giant Sky.
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