Comcast sells A&E stake to Disney, Hearst for $3B

Published July 10, 2012 6:37pm ET



NEW YORK (AP) — Comcast’s NBCUniversal is selling its stake in A&E Television Networks to Disney and Hearst for $3.03 billion in cash.

Comcast Corp., which owns 15.8 percent of A&E, said Tuesday that it will sell its stake to Walt Disney Co. and Hearst Corp., its partners in the A&E joint venture.

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