General Electric exits TV business to focus on core business

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SummaryGeneral Electric is exiting TV business and that means saying goodbye to 30 Rock.

its stake in RCA in 1932. But in 1986, GE ended up acquiring RCA, selling off its record label and television-manufacturing business. All that remained was NBC.

In 2011, GE sold its majority ownership of NBCUniversal to Comcast for $8 billion in cash and reduced its ownership share from 80 per cent to 49 per cent.

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