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    Sky warns of job cuts after ITV takeover

    2 weeks ago

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    Sky has announced potential job cuts following its £1.6 billion acquisition of ITV’s media and entertainment division. The company aims to save £200 million in costs, primarily from corporate and commercial overlaps. The deal will enhance competition against global streaming services, while ITV will remain a public service broadcaster. The regulatory review is expected to take 12 to 18 months.
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