Sky own production company Love Productions has sold The Great British Bake Off for the reported £25m per year to Channel 4.
Sky has acquired 70% of Love Productions back in 2014.
http://www.bbc.co.uk/news/business-28398381
Sue Perkins and Mel Giedroyc will step down as hosts of The Great British Bake Off when it moves to Channel 4.
http://www.bbc.co.uk/news/entertainment-arts-37355065