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

By Washington Examiner
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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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