ENTERTAINMENT
From Times Staff and Wire Reports
Rockefeller Group Sells Stake in Cable Channel: Rockefeller Group Inc. has sold its 12.5% stake in the cable TV channel Arts & Entertainment Network to the remaining three shareholders. A spokesman for the partners said New York-based A & E no longer fit with Rockefeller Group’s investments. Under the new partnership agreement, A & E will be owned 37.5% each by Hearst Corp. and Capital Cities/ABC Inc., and 25% by NBC.
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