Comcast Set to Sell Stake in A&E for $2.8 Billion

If you’ve got $2.8 billion burning a hole in your pocket and an interest in the television business, you should hurry up and call up some Comcast brass because they’re about to unload NBCUniversal’s 15-percent stake in A&E Networks to other owners at Disney and Hearst Corp. Disney and Hearst each currently own 42.5 percent of A&E Networks, which—in light of this deal—has been valued in the neighborhood of $20 billion. [Hollywood Reporter]