Los Angeles Business Journal

MGM Sells Overseas Channels

Thursday, August 2, 2012

Metro-Goldwyn-Mayer has sold most of its international television channels to help it buy back investor Carl Icahn’s stake in the studio and also sharpen its focus on being a pure content company ahead of a planned initial public offering. The Los Angeles Times reports that the deal leaves the Beverly Hills company with networks in the United States, Canada, the United Kingdom and Germany, and a few joint ventures in other countries.