Comcast to sell A&E stake to Disney & Hearst for $3 bn

MUMBAI: US cable major Comcast is selling its 15.8 per cent stake in A&E Television Networks to joint venture partners Disney and Hearst for $3.03 billion in cash.

A&E is majority owned by Disney?s ABC Television Group and Hearst. It runs channels including the History Channel and Lifetime.

In India, AETN has a JV with TV18 and has runs the infotainment channel History.