Home Videos Photos Shop
PerezHilton CocoPerez Kim K. Justin Bieber Trump Taylor Swift PerezTV

NBC Sells Off Stake In A&E Networks

| Filed under: TV NewsDisneyBusiness Blitz

NBC sells stake in A&E networks

NBC has officially sold off its 15.8% of A&E Networks — which also includes Lifetime and the History Channel — to Disney and Hearst Corporation.

The transaction cost the buyers $3.03 billion to gain 50-50 control of the television channels, while the sale allows NBC Universal's 51% holder, Comcast, to save up to buy the rest of entertainment company from General Electric.

What does this mean for U?

Not much. We're sure all your favorite programming will continue to air as usual until the ratings start to slide.

U can stop panicking now!

Tags: , , , , , , , , , , , , , ,

This Week In Celebrity Quotes!
TV Shows Rocked By Real-Life Sex Scandals!
All The Real Housewives Cities Ranked From Worst To Best!
Emmys 2016: Celebrity Twitpics & Instagrams!
Disney Movies That Originally Had MUCH Darker Endings!
20 Most Watched Shows On Netflix

Comments are closed.