MGM sells 20% stake in channels back to Cablevision

By 2003-07-01T04:00:00

Metro-Goldwyn-Mayer (MGM) isselling its 20% stake in three US cable channels AMC, IFC and WE: Women'sEntertainment back to Cablevision for $500m. Once the deal is done, probably inthe third quarter 2003, the three channels will once again be 100%-owned byCablevision.

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