SKY'S THE LIMIT

ITV is in talks to sell its telly channels to rival Sky in a potential £1.6billion deal.

- BY GRAHAM HISCOTT Head of Business

The Coronation Street and Love Island broadcaster yesterday confirmed it was in early talks with US giant Comcast, the owner of Sky.

The possible sale covers ITV's terrestrial TV channels and streaming service ITVX.

There had been speculation it would also include the production arm ITV Studios, which makes shows including I'm A Celebrity... Get Me Out of Here! and the popular drama Mr Bates vs The Post Office. But it is not currently thought to be part of the deal.

Shares in ITV surged as much as 19% after the announcement in the morning.