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Shares in ITV PLC (LSE:ITV) were up marginally on Thursday as a mixed trading quarter was offset by news that the broadcaster remains in active discussions with Sky over a possible sale of its Media & Entertainment (M&E) business. The update on the potential £1.6 billion deal had been closely watched by investors amid concerns that talks had hit the buffers.

ITV PLC (LSE:ITV), the UK's largest commercial broadcaster, expects its Studios division to deliver margins at the lower end of its 13% to 15% target range this year, reflecting a shift in revenue mix even as the unit posts good top-line growth. The company said revenue, margin and profit at ITV Studios would be weighted to the second half, driven by the phasing of large scripted deliveries and high-margin licensing deals.

Comcast -owned Sky is advancing towards a deal to acquire ITV's Media and Entertainment unit in a transaction that will include a payout dependent on the British broadcaster's performance, three people familiar with the matter said.

The FTSE 100 Index remained in a narrow range this week as traders watched the developments in the Middle East, where odds of a deal between the US and Iran rose. It also wavered because of the weak HSBC earnings.

Anghami (NASDAQ: ANGH - Get Free Report) and ITV (OTCMKTS:ITVPY - Get Free Report) are both consumer discretionary companies, but which is the better stock? We will contrast the two companies based on the strength of their dividends, earnings, valuation, institutional ownership, risk, analyst recommendations and profitability. Profitability This table compares Anghami and ITV's net margins,
