July 10, 2012 / 2:51 PM / 5 years ago

NBC to sell A&E Television stake for $3 bln

July 10 (Reuters) - Comcast Corp said its NBCUniversal unit agreed to sell its 15.8 percent stake in A&E Television Networks LLC to its partners for $3.02 billion in cash.

A&E, home to channels including the History Channel and Lifetime, is majority owned by Disney-ABC Television Group and Hearst Corp.

Comcast said in May that it would exercise an option to sell "a substantial portion" of its stake to its joint-venture partners.

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