Television

News Corp increases stake in NGC

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MUMBAI: US media conglomerate News Corp is acquiring NBC Universal's 25 per cent stake in two entities that run the international operations of the National Geographic Channel (NGC).

Media reports state that News Corp said in a regulatory filing that it was buying the stakes in NGC Network International and NGC Network (UK) for an undisclosed sum. NBC Universal is a unit of General Electric.

The deal will increase News Corp's stake in NGC Network International to 75 per cent, with the rest held by National Geographic Television. The British unit is now owned 25 per cent by News Corp, 25 per cent by National Geographic Television, and 50 per cent by BSkyB.

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