Comcast Corp. is selling its stake in NBC Sports Washington to Monumental Sports & Entertainment. Monumental is buying NBCUniversal's 67% majority share.
to viewers in the district, Maryland and Virginia area and broadcasts in portions of the nearby states of Pennsylvania, Delaware and West Virginia.
NBC Sports Regional Networks President Bill Bridgen called Monumental's 100% ownership of NBC Sports Washington a "unique opportunity," adding the company "look[s] forward to continuing our work with them during the transition to support the network's continued growth and success." NBCUniversal, owned by Comcast, will provide services that aid in the operation of the regional sports network for up to 1 ½ years as part of the transaction, the release added.
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