Comcast to sell majority stake in NBC Sports Washington

Comcast has agreed to sell the network to Monumental Sports & Entertainment

By Shubhangi Mathur

Published - Aug 24, 2022, 03:44 PM ET

Last Updated - Jul 18, 2023, 04:30 PM EDT

Comcast Corp (NASDAQ: CMCSA) has agreed to sell its majority ownership stake in NBC Sports Washington to Monumental Sports & Entertainment.

Monumental already owns 33% stake in NBC Sports Washington—the regional sports network that airs local Washington, D.C., NBA and NHL games.

According to the deal, Monumental will take ownership of Comcast’s 67% position in the network.

The deal between the two companies says that Comcast’s NBCUniversal will continue to assist operation of the network for up to 18 months.

Picture Credits: Getty Images

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