Home Videos Photos Shop
PerezHilton CocoPerez Kim K. Johnny Depp Bachelor Mariah Carey 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: , , , , , , , , , , , , , ,

Most Viral Movie Trailers Of All Time!
Summer Movies 2017 -- Winners & Losers!
Bachelor In Paradise's FULL Season Four Cast List Revealed!
Real Life Wonder Women!
The Ins & Outs Of Bella Thorne's Hollywood Romances!
5 Times The Trump Administration Was Scarier Than House Of Cards!

Comments are closed.