Home Videos Photos Shop
PerezHilton CocoPerez Oscars Emma Stone Trump Nicki Minaj 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: , , , , , , , , , , , , , ,

All The People Who Have Dropped The F-Bomb On Saturday Night Live!
All The Best Commercials From Super Bowl LI!!
Celebrities Who've Been Dropped By Major Brands & Retailers
10 All-Time Best Will & Grace Moments!
Celebrities Who Love Prostitutes!
17 Stars To Watch In 2017!

Comments are closed.