NBC News Moves on International Growth with Deal for 25% of Euronews

5/31/17

NBC News (NASDAQ:CMCSA) has set a deal to acquire 25% of international network Euronews.

The company didn't name the dollar figure involved, but the sum should come to about $30M. NBC said funding would go to expand coverage across Europe and provide for distinct national channels rather than reused reports across countries.

NBC News International President Deborah Turness will oversee the new brand.

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