NBC Selling Stake In A&E TV For $3 Billion
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Comcast Corporation said that their subsidiary NBCUniversal has agreed to sell their 15.8% stake in A&E Television Networks LCC to its partners for $3.02 billion in cash. A&E includes channels like The History Channel and Lifetime. A&E is owned by Disney-ABC Television Group and Hearst Corporation. Comcast said this past May that they would exercise an option to sell “a substantial portion” of its stake to their joint-venture partners.