AOL to sell its stake in Comedy Channel

Viacom is to pay AOL $1.2 bn in cash for its 50% stake in Comedy Channel, which is jointly owned by the two companies.

Wed, 23 Apr, 2003 - 15:05

Viacom is to pay AOL $1.2bn in cash for its 50% stake in Comedy Channel, which is jointly owned by the two companies.

When the deal is closed in the next couple of months, Comedy Channel will be wrapped into MTV Network’s group of basic cable channels. MTV Network is owned by Viacom.

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