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AMC buys 49.9 pct stake in BBC America

Reuters - UK Focus

Oct 23 (Reuters) - Cable TV network AMC Networks Inc (NasdaqGS: AMCX - news) said on Thursday it had agreed to buy a 49.9 percent stake BBC America for $200 million and would take operational control of the channel.

BBC Worldwide North America will continue as a wholly owned regional business within BBC Worldwide, the commercial arm of the British Broadcasting Corporation.

BBC Worldwide will retain a 50.1 percent stake in BBC America. (Reporting By Sudarshan Varadhan; Editing by Ted Kerr)