Comcast, the US media behemoth which owns Sky TV, has announced plans to split in two as Sky is agreeing to terms with ITV

The company said it expects the split to be completed within a year, with Comcast’s shareholders owning shares in both companies.

Comcast is planning to split itself into two separate publicly traded companies by spinning off NBCUniversal and Sky.

Comcast is set to divide into two separate, publicly traded entities, spinning off its NBCUniversal and Sky media assets. This strategic move will create distinct companies: one…

NBCUniversal will include the group’s large theme parks operation and its Sky business in Europe.

Studio and broadcast business to become separate public companies