Sky acquires ITV as Netflix plans live TV channels

A wave of consolidation and new strategies reshapes the television landscape: Sky buys ITV, Netflix explores always-on channels, and the BBC announces major cuts.

• Sky has announced a takeover of ITV, ending the broadcaster's independence after 70 years.
• Sky CEO Dana Strong identified £200m in annual cost savings, with a "minority" coming from job duplication.
• Netflix is considering launching always-on live TV channels and exploring bundles including Peacock, the Wall Street Journal reported.
• The BBC, under new leadership, is cutting up to 2,000 staff in its deepest cuts in 15 years as it seeks to become fit for the digital age.